N100 Banknotes Still Very Valid, Says CBN
The Central Bank of Nigeria (CBN) has ordered members of the public, businesses, and commercial banks to immediately cease the rejection of the standard N100 banknote, declaring that the currency remains a valid medium of exchange across the...
At the centre of this conversation is the Central Bank of Nigeria (CBN), the institution tasked with maintaining financial stability while encouraging innovation in one of Africa's most dynamic digital economies.
When the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) retained the Monetary Policy Rate (MPR) at 26.5 per cent following its 305th meeting, the decision reflected more than caution.
CBN Increases Foreign Tuition Limit to $25,000
The Central Bank of Nigeria (CBN) has increased the maximum foreign exchange remittance for tuition payments by Nigerian students studying abroad to $25,000 per semester, up from the previous cap of $15,000.
The adjustment is contained in the CBN...