The Nigeria Inter-Bank Settlement System (NIBSS) has unveiled significant upgrades to its Nigeria Quick Response (NQR) payment system, designed to ...

The naira appreciated to N1,550 per dollar at the parallel section of the foreign exchange (FX) market on Thursday.

The Central Bank of Nigeria has released the latest exchange rates for the Naira against other currencies as the value of the ...

High interest rate spreads often signal structural inefficiencies, heightened risks, or restrictive monetary conditions, all of which ...

The value of the dollar has depreciated significantly in the official and unofficial foreign exchange marketsNew data showed ...

It appears that none of the nine banks that were slated to have their access to the USSD service terminated because of their ...

The Central Bank of Nigeria (CBN) has threatened to revoke the licences of banks and other foreign exchange traders, ...

It is unknown if Olayemi Cardoso ever thought he might one day become the Governor of the Central Bank of Nigeria. It might ...

The Nigerian Senate has issued a stern warning to high-ranking government officials, including Inspector-General of Police ...

The FX Code, therefore, serves as an official directive that all market participants are expected to observe in their operations. As part of compliance requirements, market participants must conduct a ...

Recently, the Naira has appreciated to ₦1,640 per dollar in the parallel market, strengthening from ₦1,655 recorded on Monday ...

Nigerian investigators have disclosed that an Allied Air Boeing 737-400 freighter carried out 85% of its landings with a ...