Nigeria's booming cryptocurrency market, with transactions worth billions of dollars weekly, is facing increased regulatory scrutiny as authorities aim to balance innovation with financial stability and consumer protection, addressing concerns over money laundering and fraud.

Nigerian banks' weekly borrowing from the CBN has surged to ₦5.38 trillion, reflecting increased liquidity demand and economic challenges.

The naira continues to fall amid declining external reserves, despite FX reforms by the Central Bank of Nigeria, raising concerns about the country's economic stability.

The Central Bank of Nigeria has dismissed seven directors and over 90 senior management staff as part of a major restructuring to enhance operational efficiency and governance.

Senator Sani Musa calls for careful consideration in amending the CBN Act, emphasizing the need to preserve the Central Bank's autonomy for economic stability.

LAGOS - Nigeria, Africa's largest oil producer, has unveiled new measures aimed at attracting...

Lagos, Nigeria (BusinessDay) – In a bid to bolster cybersecurity measures and protect electronic...

The Governor of the Central Bank of Nigeria, Godwin Emefiele, is set to appear...

The naira plunges to a new all-time low on the official market, raising concerns over potential economic impacts and market stability.

Nigerian government seizes control of Union, Polaris, and Keystone Banks amidst regulatory and corporate governance crises.

Nigeria's Supreme Court has ruled in favor of the indefinite legal tender status of both old and new naira notes, impacting the nation's economy.

Amid soaring inflation rates and a dwindling foreign exchange (FX) reservoir, Nigeria's economic health...