Cashless Airport Access Triggers Traffic Gridlock in Abuja and Lagos
Major traffic congestion disrupted access to Nigeria’s two busiest airports on Sunday as motorists rushed to register for newly introduced cashless entry cards. The initiative, […]
Central Bank of Nigeria
Central Bank of Nigeria Establishes Minimum Capital Base Requirements for Banks
The Central Bank of Nigeria has introduced revised minimum capital requirements for banks in a move aimed at bolstering their resilience and fortifying the country’s […]
Nigerian president to keep small denominations of the old naira in circulation
Nigerian President Muhammadu Buhari on Thursday ordered the continued circulation of low-denomination banknotes, recently replaced by new ones, in order to limit the cash shortage […]
Nigeria’s banknote shortage: Central Bank seeks to quell anger before presidential election
The Central Bank of Nigeria (CBN) on Thursday announced the distribution of new banknotes at bank counters to reduce massive queues in front of ATMs, […]
Less than 1% of Naira Notes are Fake – Nigeria’s Reserve Bank
The Central Bank of Nigeria (CBN) on Tuesday said less than one percent of the west-African nation’s local currency in circulation is fake. The reserve […]
Nigerian President Rejects Naira Devaluation
Nigeria’s president Mohammed Buhari on Wednesday rejected calls to devalue the country’s currency, the Naira. While on a state visit to Kenya, Muhammadu Buhari has […]
Boko Haram forces 1 mln children out of school, 600 teachers killed – UN
Boko Haram’s insurgency in and around Nigeria has kept over a million children from school, adding to the 11 million children already out of school […]
Nigeria: IMF urges central bank to review forex policy
The African Department Director at the International Monetary Fund (IMF) Antoinette Sayer has called on the Central Bank of Nigeria (CBN) to review its foreign […]