CBN injects $325.56m, CNY14m into retail SMIS as Naira remains N358/$1

The Central Bank of Nigeria (CBN) on Friday, made an intervention of N117,196.30 trillion ($325.5million) in the Retail Secondary Market Intervention Sales (SMIS) and...

N500, N1000 denominations most commonly counterfeited banknotes — CBN report

The Central Bank of Nigeria (CBN) on Wednesday, said that a total of 119,663 pieces of counterfeit notes with a nominal value of N98.82...

IMF approves 3year ECF arrangement for Mali, releases $27.4m

The new arrangement supports the authorities’ development strategy for strong and inclusive growth through job creation, economic diversification, and greater resiliency.

INTERVIEW: How CBN can ensure true financial inclusion in Nigeria– Interswitch Boss

“…one of the learnings for me is that if you want to solve my problems, you need to understand my problems and you need to feel it. Once you do that, then it is easier…”
Naira exchanges at N359.4 to dollar at parallel market

Naira exchanges at N359 to dollar at parallel market

The naira on Monday traded at N358.6 to the dollar at the parallel market in Lagos. The pound sterling and the euro closed at N445...

Verve Global card launches first international transaction in New York

…rides on global partnership with Discover network     Verve, a leading payments technology and card business in Africa, and Discover Global Network, the payments brand of...

First Bank pledges support to business continuity, economic growth

First Bank Nigeria has expressed its commitment to the development of business continuity and resilience toward boosting production and economic growth. Its Chief Financial Officer,...
Naira exchanges at N359.4 to dollar at parallel market

Naira closes at N362.57 to dollar at investors window

The naira on Monday traded at N362.57 to the dollar at the parallel market in Lagos. Turnover at the window stood at 293.60 million dollars. The...

Leveraging e-payments, digital innovation for trade, financial inclusion

There is no doubt that technology has revolutionised the banking industry, particularly mobile and the Internet, as bank customers continue to embrace electronic payment...

Nigerian Inter-Bank Forex market gets CBN’s N76tr boost

The Nigerian inter-bank foreign exchange market received another boost of $210 million (N76,053,600,000.00) from the Central Bank of Nigeria (CBN) following transactions concluded on...