CBN Unveils Nigeria's FX Code to Promote Transparency, Fairness The Central Bank of Nigeria (CBN) has launched Nigeria Foreign Exchange Code (FX Code) to promote transparency and fairness in the foreign exchange market. Speaking at the launch on Tuesday, the CBN Governor, Olayemi M. Cardoso, noted...

CBN Survey Reveals Optimistic Outlook for Naira in 2025   According to the Central Bank of Nigeria's (CBN) December 2024 Business Expectations Survey (BES), a significant majority of respondent businesses expressed a positive outlook on the nation's macroeconomic prospects, indicating a growing sense of optimism among Nigerian firms. Precisely,...

How CBN's Voluntary Early Exit Program is Revolutionizing Performance, by Rahma Olamide Oladosu   In response to widespread criticism, the Central Bank of Nigeria (CBN) recently affirmed that the departure of 1,000 employees in December 2024 stemmed from a fully voluntary process through its Voluntary Early...

Nigeria's IMTO Inflows Jump by 63.7% in Nine Months - CBN   According to the Central Bank of Nigeria (CBN) the country witnessed a significant surge in international money transfers, with inflows from International Money Transfer Operators (IMTOs) rising by 63.7% during the first nine months...

CBN Clarifies Validity of Old Naira Notes, Dismisses December 31 Deadline   The Central Bank of Nigeria (CBN) has observed the misinformation regarding the validity of the old #1000, #500, and #200 banknotes currently in circulation. In line with the Bank’s previous clarifications and to offer further...

CBN Predicts Increased Food Production as FG Improves Security in North-East The Central Bank of Nigeria (CBN) has predicted an improvement in food production in the country, following the Federal Government's efforts to improve security in the North-East. Speaking at the end of the 298th Monetary...