Finance Minister Edun has ruled out IMF loans, citing Nigeria's positive trade balance, growing reserves, and cheaper ...

Nigerian banks have re-kickstarted the sale of foreign exchange for Personal Travel Allowance and Business Travel (BTA) to ...

ShareThe Central Bank of Nigeria’s (CBN) announcement, last Friday, that it had introduced the Nonresident Nigerian Ordinary Account (NRNOA) and Non-resident Nigerian Investment Account (NRNIA), for ...

Bureau de Change operators have expressed frustration over the challenges in meeting CBN's new recapitalisation requirement a ...

CBN has introduced Non-Resident Nigerian accounts to enhance foreign capital inflows, enabling diaspora Nigerians to remit earnings and invest locally.

The Central Bank of Nigeria (CBN) has reported a massive surge in foreign exchange remittances through international money transfer operators in 2024.

The Central Bank of Nigeria's (CBN) latest quarterly statistical bulletin has revealed a significant 63.7% increase in international money transfer operator (IMTO) inflows for the first nine ...

The Central Bank of Nigeria’s (CBN) latest quarterly statistical bulletin has revealed a significant 63.7% increase in international money transfer ...

The CBN has bolstered the remittance ecosystem by boosting competition among IMTOs, interacting with the diaspora, and improving transparency in foreign exchange transactions. Additionally, the Bank’s ...