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CENTRAL BANK OF NIGERIA
Charting the Global Economy: Factory activity sags on inflationGlobal economic activity is slowing, with manufacturing contracting in many regions due to persistent inflation and the ongoing energy crun...- Charting the Global Economy: IMF trims world growth projectionsThe International Monetary Fund has lowered its global growth forecast for 2026. This adjustment comes as the war in the Middle East has ca...
- World finance chiefs head to IMF with a sense of déjà vuGlobal economic policymakers convene amid concerns over President Trump's actions impacting Middle East growth. The IMF warns of reduced ca...
- Nigeria cracks down on Binance, sues cryptocurrency exchange for $81.5 billion over tax evasion and economic lossesNigeria’s Federal Inland Revenue Service (FIRS) has sued Binance for $81.5 billion, alleging tax evasion and significant economic losses. T...
- In a ‘radical shift’, frontier markets go for policy changesCentral banks across key frontier economies including Kenya, Nigeria and Egypt have hiked policy rates significantly in recent months, whil...
- Nigerian central bank lifts ban on crypto tradingThe Central Bank of Nigeria (CBN) in February 2021 barred banks and financial institutions from dealing in or facilitating transactions in ...
- Nigerian central bank lifts ban on crypto tradingThe Central Bank of Nigeria (CBN) in Feb. 2021 barred banks and financial institutions from dealing in or facilitating transactions in cryp...
- Airtel Africa back in black, but Nigeria currency woes weigh"As reported in July 2023, our results for the first quarter were significantly impacted by the changes to the FX market in Nigeria, introd...
- Uflex Q1 Results: Firm posts loss of Rs 416 croreThe company said it recorded an exceptional loss of Rs 382 crore due to change in the forex policy of the Central Bank of Nigeria in June 2...
- Nigeria regulator says local Binance operations 'illegal'"Binance Nigeria Limited is hereby directed to immediately stop soliciting Nigerian investors in any form whatsoever," the Securities and E...
- Chaotic cash shortage forces Nigerians to wait hours for $43Hundreds of people were stranded at a popular electronics market in the heart of Lagos, Nigeria's biggest city, on Friday - victims of the ...
- Nigeria to launch digital currency on Monday to enhance paymentsThe eNaira, which took several years to develop, will “make financial transactions easier and seamless for every strata of the society,” th...
- Nigeria to partner with Bitt Inc to launch 'eNaira' digital currencyThe Central Bank announced plans to launch its own digital currency later this year after Nigeria barred banks and financial institutions f...
- Banks to file lawsuit in Nigeria to take charge of Sandesara group’s oil assetsThe move comes more than a year after the Enforcement Directorate attached Sandesara group’s assets worth over Rs 9,700 crore in Nigeria, w...
- Sandesara probe: UPA government officials, bankers under lensED to file chargesheet against fugitive family involved in Rs 5,000-cr bank fraud case.
- Indian-origin entrepreneur to acquire Nigerian bank's subsidiary in UKThe new bank, which, upon change of control, is intended to be renamed British Commonwealth Trade Bank (BCTB) to address gaps for trade in ...
- Bharti Airtel may go for consolidation as Etisalat Nigeria looks for buyersNigeria is Bharti’s largest Africa market where a potential consolidation opportunity is arising with Etisalat Nigeria looking for buyers a...
- Should investors sell Bajaj Auto as Nigeria devalues currency?Two-wheeler major Bajaj Auto is witnessing some selling pressure on concerns that exports to Nigeria will be hit following devaluation of N...
- Indian firm enters Nigeria's mobile money sectorEstel Technologies has entered into a partnership with a Nigerian company to introduce a platform meant to drive mobile money services.
- ICICI denies it's in talks with Nigeria's Spring BankICICI Bank denied it is in investment talks with Nigeria-based Spring Bank. However, it did not say in the statement released today if it i...
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