Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has announced the appointment of Mr Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), as Chairman of its Board of Directors. According to a statement by Yewande Thorpe, from AFC’s Communications Department, Cardoso succeeds the immediate past chair, …
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The Central Bank of Nigeria (CBN) says the country recorded 947 million dollars in remittance inflows through International Money Transfer Operators (IMTOs) in July. The Governor of the CBN, Olayemi Cardoso, said this in a statement by the corporate communications department on Sunday in Abuja. According to Cardoso, the July …
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The Central Bank of Nigeria (CBN) has announced the commencement of the second cohort of its Regulatory Sandbox Programme, with a new dual-track structure. The structure was designed to support responsible innovation in virtual assets and data-enabled financial services. The programme, which opens for applications on Aug. 12 and closes …
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The Naira on Monday opened the month of August on a positive note at the official market, trading at N1,364.83 to a dollar. Data from the official Website of the Central Bank of Nigeria (CBN) revealed that the Naira gained N3.38. This represented a 0.2 per cent gain when compared …
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Nigeria’s consumer credit declined for the first time in six years, falling by 19.89 per cent to N3.78tn in 2025 from N4.72tn a year earlier, as elevated interest rates dampened household borrowing, according to the Central Bank of Nigeria. The decline, disclosed in the CBN’s 2025 Annual Report and Statement …
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Galaxy Backbone (GBB), has urged banks, fintech companies and other tech stakeholders to invest in resilient digital infrastructure to strengthen trust and compliance in Nigeria’s financial sector. The GBB made on Monday in Abuja during its second-quarter webinar themed: “Building Digital Trust in Nigeria’s Financial Sector: Navigating Regulatory Compliance and Infrastructure …
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The Central Bank of Nigeria, CBN, has announced the appointment of Candid Oil Services Limited as the pre-shipment inspection agent for the country’s oil export. The apex bank disclosed this in a notice dated July 1, 2026, by its director, Trade & Exchange Department, Aderinola Shonekan. CBN noted that while …
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The Minister of Education, Dr Tunji Alausa, says the Federal Government has commenced payment of outstanding 2025 allowances to beneficiaries of the Bilateral Education Agreement (BEA) scholarship programme. Alausa disclosed this in a statement issued in Abuja by his Director of Press and Public Relations, Mrs Folasade Boriowo. He reaffirmed …
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The Naira closed the week on a positive note, gaining 4.52 kobo against the U.S. dollar at the official market on Friday. According to the latest figures from the Central Bank of Nigeria, the Naira traded at N1,534.72 per dollar. The figure represnts a modest gain of 0.05 per cent …
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The Central Bank of Nigeria (CBN) has clarified recent speculations regarding charges related to the newly launched Non-Resident Bank Verification Number (NRBVN) platform,. In a statement by Acting Director of the Corporate Communications Department, Mrs Hakama Sidi-Ali, the apex bank affirmed that no hidden fees have been introduced. Sidi-Ali said …
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