Nigeria’s central bank has prepared contingency measures to stabilize the naira if it comes under pressure, as investors dump ...

Compliance is emerging as a key asset for banks in Nigeria as the country’s financial sector becomes more digital and more ...

Commercial banks have lifted over three years moratorium on the use of naira-funded debit cards abroad as dollar liquidity rises. A Tier-1 bank and mid-tier bank, United Bank for Africa (UBA) Plc and ...

The naira gained against the dollar in the official market while Nigeria’s external reserves climbed above $50 billion, ...

Commercial banks have lifted over three years moratorium on the use of naira-funded debit cards abroad as dollar liquidity rises. A Tier-1 bank and mid-tier bank, United Bank for Africa (UBA) Plc and ...

Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), on Thursday declared that the era of persistent naira ...

Overall, the recent appreciation of the Naira at the official market may signal improving confidence in Nigeria’s financial ...

The CBN has directed commercial banks to commence issuance of naira notes to customers starting from today. In a bid to cushion the effect of the cash crunch caused by its cashless policy, the CBN ...

The Naira appreciated to N1,366.23/USD amid improving forex activity, reflecting stability in Nigeria's market amid CBN ...

The naira strengthened to close at N1,363.5 per dollar at the official foreign exchange market on Friday, rebounding after a ...

Several Nigerian banks had placed a temporary suspension on international transactions on ATMs and POS channels due to the effects of chronic FX scarcity. The development comes barely five years after ...