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...

Nigeria Eyes $1bn Monthly from US Diaspora Bond – Cardoso Nigeria is contemplating launching a diaspora bond in the United States in a bid to achieve monthly remittance inflows of $1 billion. Central Bank Governor (CBN), Olayemi Cardoso, disclosed this during an interview with Reuters on...

The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has revealed the reasons behind the bank's decision to further tighten monetary policy, including raising the interest rate to 27.25%.