Nigeria’s foreign reserves surged to $40.08 billion on November 7, 2024, marking their highest level in almost two years, as reported by the Central...
Central Bank of Nigeria, CBN, has announced that diaspora remittances increased year-on-year by 130 percent to $553 million between July 2022 -July 2023 and...
Nigerian banks have started the implementation of CBN’s new requirements for international money transfer operation Based on the new rule, commercial banks are now...
Central Bank of Nigeria (CBN) has prohibited banks and financial technology companies (fintechs) from offering international money transfer services. This development is outlined in...
Central Bank of Nigeria (CBN) has warmed International Money Transfer Operators (IMTOs) for allegedly engaging in foreign exchange arbitrage within the country. CBN frowned...
Central Bank of Nigeria (CBN) has directed International Money Transfer Operators (IMTOs) to commence remittances pay-out in both Naira and foreign exchange to beneficiaries,...
For centuries, there have been heated debates over the sources of economic growth in developing economies and why some countries reflect strong economic growth...
Central Bank of Nigeria (CBN) at the weekend began gradual harmonisation of exchange rates with the removal of N379/$1 official rate from its website....
The Central Bank of Nigeria (CBN) has granted operating licences to 10 additional international money transfer operators (IMTOs) as part of efforts to boost...