The Pan-African Payment&Settlement System (PAPSS) warmly welcomes the new circular from the Central Bank of Nigeria (CBN), announcing ...

The Nigerian Federal Government, under President Bola Tinubu, recently announced a bold policy directive banning Ministries, ...

PAPSS welcomed the new circular from the CBN, announcing a significant streamlining of documentation requirements for PAPSS transactions in Nigeria.

United Bank for Africa (UBA) has announced that its customers can now send and receive money in Naira seamlessly across the ...

Beyond the foreign exchange market, the FX Code forms part of the CBN’s renewed focus on compliance across the financial ...

Despite their fundamental similarity as short-term government debt instruments, Open Market Operations (OMO) bills ...

Nigeria’s Central Bank (CBN) has officially approved the launch of open banking, mandating that banks begin sharing customer ...

Nigeria’s local currency, the naira, came under renewed pressure this week as it slid to ₦1,612 per dollar at the official foreign exchange window on Wednesday, May 7, 2025. This marks a slight ...

The Naira depreciated to N1,612/$1 at the official Nigerian Foreign Exchange Market (NFEM) on Wednesday, May 7, 2025, down from ...

The House of Representatives has launched an investigation into the disbursement and utilisation of the N200 billion Central Bank of ...