Africa News Nigeria raises rates to 26.25% Aya Anwar May 21, 2024 0 Nigeria's central bank has implemented a significant adjustment, raising its benchmark lending rate from 24.75 per…
News Nigeria imposes 0.5% cybersecurity levy on e-tranfers Nada Ali May 7, 2024 0 Nigeria's central bank announced on Monday it will introduce a 0.5 per cent levy on all domestic electronic…
Featured CBN pays additional $64mln FX backlog Aya Anwar Jan 30, 2024 0 The Central Bank of Nigeria (CBN) has paid an additional $64.44 million toward the verified foreign exchange…
Africa News Nigeria’s central bank pays $2 bln to clear FX backlog Aya Anwar Jan 8, 2024 0 The Central Bank of Nigeria settled matured foreign exchange contracts by paying lenders about $2 billion of what…