Nigeria’s Central Bank holds rates thrice in a row
Olayemi Cardoso maintained borrowing costs at 27.50% during the third interest rate meeting. The Central Bank's decision was influenced by a recent easing in consumer prices.
Nigeria Central Bank Rolls Out New Digital Platform to Unlock $1B Monthly Remittances
CBN launched the NRBVN platform to help Nigerians abroad obtain BVNs remotely. The initiative aims to boost monthly diaspora remittances to $1 billion.
CBN introduces new workflow and Naira payment solution to boost efficiency
The CBN launched DocFlow, a digital document management system to replace paper-heavy processes. Governor Olayemi Cardoso introduced the new digital solutions at the bank's headquarters in Abuja.
A timeline of Binance's troubles in Nigeria
February 20, 2024: Binance suspends peer-to-peer activities February 21, 2024: Binance website blocked in Nigeria
Nigeria fines Binance $10bn amidst investigation of crypto exchange
Nigerian authorities impose a $10 billion fine on Binance for benefiting from illegal transactions. Two executives of Binance were detained and arrested in Nigeria following a ban on their website.
