Central Bank of Nigeria (CBN)

Naira surges by 9.68% at the official window, closing at N1,339.33/$1

The Nigerian naira appreciated significantly against the US dollar on Monday, closing the day at N1,339.33/$1 in the official foreign exchange market. This...

CBN directs banks to charge 0.5% cybersecurity levy on transactions

The Central Bank of Nigeria (CBN) has directed banks to implement a 0.5 percent cybersecurity levy on transactions by customers. In a statement,...

CBN sells fresh dollars to BDCs at N1,021/$ as naira loses steam

The Central Bank of Nigeria (CBN) has issued another circular to Bureau De Change (BDC) operators, informing them that direct sales of US...

Dr. Kingsley Obiora: A Renowned Economist and Champion of Economic Development

By Sunday Adebayo Dr. Kingsley Obiora, a former Deputy Governor of the Central Bank of Nigeria (CBN), is a highly respected economist with...