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Nigeria Implements Restrictions on Cryptocurrency Websites Aims to Stabilize Naira

Nigeria, a nation grappling with the complexities of regulating digital assets, has plunged deeper into the cryptocurrency debate with a recent directive instructing telecommunications...

Cardoso Led Central Bank of Nigeria Unveils Comprehensive Strategy to Tackle Inflation in 2024

In a highly anticipated keynote address at the launch of the Nigeria Economic Summit Group 2024 Economic Outlook report, Mr. Olayemi Cardoso, the Governor...

Central Bank of Nigeria Appoints New Executives for Union, Keystone, and Polaris Banks Following Board Dissolution

In a surprising move, the Central Bank of Nigeria (CBN) has taken decisive action by dissolving the boards of Polaris, Union, and Keystone banks....

CBN Takes Decisive Action: Dissolves Boards of Union Bank, Keystone Bank, and Polaris Bank Over Regulatory Non-Compliance

In a significant move aimed at safeguarding the stability of the Nigerian financial system, the Central Bank of Nigeria (CBN) has announced the dissolution...

House of Representatives Issues Strong Warning to POS Operators Over Naira Sales and Exorbitant Charges

In a significant move aimed at protecting the integrity of the nation's currency and ensuring fair financial practices, the House of Representatives on Thursday...

Crack Down on Diversion of Diaspora Remittances: BDC Operators and CBN Join Forces

In a strategic move to combat the diversion of diaspora remittances away from official channels, Bureau De Change (BDC) operators in Nigeria have forged...

Economist Intelligence Unit Predicts Continued Pressure on Naira, Expects Depreciation to N1,018 per Dollar by 2027

In a recent report, the Economist Intelligence Unit (EIU) has warned that the pressure on Nigeria's national currency, the naira, is expected to persist...

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