Central Bank of Nigeria Stories
Nigeria Mulls Bill To Legalize Bitcoin And Other Cryptos: Report
Nigeria banned the usage of Bitcoin in February 2021; however, backpedaling its stance, the African nation is now reportedly looking to legalize crypto usage.
Nigeria's Naira Currency Falls To Record-Lows Against Dollar Amid Foreign Exchange Scarcity
There is currently a strong demand for dollars and foreign exchange from importers amid diminishing liquidity as the global price of oil, Nigeria’s top source of revenue, plummet to all-time lows.
Buhari Presidential Media Chat: Nigeria Willing To Negotiate With Boko Haram To Save Chibok Girls
“We are looking for a credible Boko Haram leadership that will convince us that the girls are here and alive," Nigerian President Muhammadu Buhari said Wednesday.
Nigerian President Buhari Approves $2 Billion Bailout For Unpaid Workers
In June, Nigerian lawmakers called for a bailout to cover unpaid government salaries of hundreds of thousands of workers.
Nigeria's Economy: President-Elect Buhari Will Face Fuel Shortages, Low Revenues And Boko Haram
Nigeria reported a drop in economic growth this quarter, and it's not just because of Boko Haram.
Emerging Market Banking Sector Outlook: China, Vietnam, Kazakhstan, Mexico, the United Arab Emirates and Nigeria -IHS
Take a look at the key risks and developments for the emerging market banking sector in the month ahead.
Nigerian Unions Call Temporary Halt to Strikes Over Fuel Subsidy
Lamido Sanusi, governor of the Central Bank of Nigeria, has warned the strike is costing the nation’s economy $600-million every day.
Nigeria cbank takes new steps to stabilise naira
Nigeria's central bank said on Friday it will sell U.S. dollars both directly into the market and at auctions, while it lifted the amount of dollars banks' can hold in reserve, in a continued effort to stabilise the naira currency.
Nigeria to Introduce Islamic Shariah-Compliant Banking
Nigeria is positioning its banks to offer Islamic banking products.
Nigerian cbank governor says naira not over-valued
Nigerian Central Bank Governor Lamido Sanusi said on Monday he did not believe that the naira was over-valued and criticised advice from the IMF, which last week recommended greater exchange rate flexibility.