The move is part of the central bank’s moves to reduce cash flow within the borders of Africa’s biggest economy. Nigeria’s central bank has launched a...
Many of Nigeria’s existing seaports, inherited from the colonial administration, no longer function properly. Nigeria has opened a billion-dollar, Chinese-built deep seaport in Lagos, which is...
Financial watchdog says GT Bank, a repeat offender, has not disputed the findings and agreed to settle. Britain’s financial watchdog has fined the UK subsidiary of...
Some lawmakers had questioned the plan to convert $53bn in central bank overdrafts into 40-year bonds. Nigeria’s President Muhammadu Buhari says Africa’s largest economy will have...
The bank has recently announced directives to limit the amount of cash in circulation in Africa’s largest economy. Nigeria’s central bank has substantially increased limits it...
Authorities have been trying to curb counterfeiting and discourage the payment of ransoms to kidnappers who demand cash. Nigeria’s central bank has imposed restrictions on weekly...
Regulators have said January 31 is the deadline for old notes to either be used or deposited at banks. Nigeria has launched newly designed currency notes,...