The Central Bank of Nigeria [CBN] on Wednesday released a new directive to Payment Service Providers [PSPs), requiring them to comply with enhanced routing guidelines for Point of Sale [PoS]…
Read More CBN issues 30-day deadline to Service Providers to comply with enhanced guidelines on PoS transactions
The rising inflation rate will force Nigerian households to spend the largest amounts of their earnings on food in the next six months, a recent survey by the Central Bank…
Read More Inflation: Nigerians to spend 54.9% income on food in next six months – CBN
The Central Bank of Nigeria (CBN) has terminated the appointments of the board and executive directors of the Nigeria Incentive-Based Risk Sharing System for Agriculture Lending (NIRSAL). The development was…
Read More CBN sacks NIRSAL MD, directors
The Central Bank of Nigeria (CBN) has reported a significant increase in remittance inflows, reaching $553m in July 2024, a 130 per cent increase from the corresponding period in 2023.…
Read More CBN reports high remittance inflows of $553m for July 2024
The Central Bank of Nigeria (CBN) has reintroduced the publication of several key economic reports, reaffirming its commitment to fostering transparency and accountability in the Nigerian economy. A statement signed…
Read More CBN re-introduces publication of key economic reports