The federal government has promised to distribute funds to over 2 million of Nigerian households under the Conditional Cash Transfer (CCT) programme.
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BDCs finally react as CBN allows members to buy $25,000 weekly from NAFEM
The CBN has received praise from the Association of Bureaux De Change Operators of Nigeria for authorizing the selling of interbank foreign exchange to its members.
CBN takes another step to crash dollar, permits BDCs to buy forex from NAFEM
The Central Bank of Nigeria has now permitted Bureau de Change (BDC) operators to buy foreign currencies from the Nigerian Foreign Exchange Market (NFEM).
Naira’s value rises against US dollar in official market, nears Tinubu's target for 2025
The value of the Nigerian currency has improved against the United States Dollar, British pound and the euro in the official and unofficial foreign exchange markets.
CBN sets new daily, weekly cash withdrawal limit for Pos operators
The Central Bank of Nigeria has released new guidelines for Point-of-sales operations in Nigeria set a limit on withdrawal amounts, and promised to monitor.
Experience global shopping with Verve: Shop and pay on AliExpress!
Verve, Naija’s Agba and Odogwu card, understands the challenges of not having the right card to seamlessly transact across borders, all from your home.
Naira depreciates against US dollar in official market, rises in black market
The latest exchange rate for the naira shows that the value of Nigerian currency fell in the official Nigerian Foreign Exchange Market (NFEM) window.
Traders give prices of popular rice brands in Nigeria ahead of festivities
The price of a bag of rice continues to soar, putting pressure on many Nigerian households and presenting a difficult choice ahead of the festive celebrations.
No more N2,000/£: Naira rises, Pound sterling falls as CBN updates exchange rate
Following the CBN's recent implementation of a forex strategy, the local currency has seen a notable boost in value relative to the British pound sterling.
CBN names those behind cash scarcity, slams N150m fine on banks
The Central Bank of Nigeria has asked Nigerians to report banks unable to provide cash and has imposed a fine of N150 million per branch on such banks.
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