Central Bank Of Nigeria | TRT Afrika

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Nigeria 'cannot tire' in reforms drive amid tough economy

Nigeria 'cannot tire' in reforms drive amid tough economy

President Bola Tinubu's reforms have left Nigeria grappling with the worst cost-of-living crisis in decades.

Nigeria grants bail to ex-central bank boss for new graft charges

Nigeria grants bail to ex-central bank boss for new graft charges

The latest charges against Godwin Emefiele include receiving bribes and engaging in corrupt practices which he has denied.

Foreign currency collateral for naira loans banned in Nigeria

Foreign currency collateral for naira loans banned in Nigeria

The Nigerian central bank has barred banks from accepting foreign currency as collateral for loans acquired in the local naira currency.

Nigeria's ex-central bank boss Emefiele to face fresh charges

Nigeria's ex-central bank boss Emefiele to face fresh charges

Godwin Emefiele has been embroiled in legal battles since his resignation in Agust 2023.

Nigeria to launch new digital ID card linked to bank account

Nigeria to launch new digital ID card linked to bank account

The card will become the country's default national ID and only registered citizens and legal residents will be eligible to request the card.

Nigeria's central bank clears valid forex backlog

Nigeria's central bank clears valid forex backlog

The Central Bank of Nigeria (CBN) pays part of the estimated $7 billion backlog as vetting continues to determine legitimate transactions.

Nigeria devaluing the naira in reform drive amid record lows

Nigeria devaluing the naira in reform drive amid record lows

Foreign currency shortages have created a large backlog of unpaid dollar transactions amounting to nearly $7 billion.

Nigeria's ex-central bank chief Emefiele charged with $6.2m fraud

Nigeria's ex-central bank chief Emefiele charged with $6.2m fraud

The trial of Godwin Emefiele will begin next month after he denied the charges.

Nigeria assures depositors on health of banks

Nigeria assures depositors on health of banks

The Central Bank of Nigeria says there is no cause for concern on the stability of the financial system.

Nigeria lifts ban on cryptocurrency transactions

Nigeria lifts ban on cryptocurrency transactions

The country has been trying to find a middle ground between an outright ban on crypto assets and their unregulated use.

Nigeria lawmakers approve mid-term fiscal plan for next three years

Nigeria lawmakers approve mid-term fiscal plan for next three years

Nigeria's House of Representatives and the Senate have both passed the medium-term expenditure framework for 2024-2026.

Nigeria's secret police detain suspended central bank governor

Nigeria's secret police detain suspended central bank governor

The Department of State Services says Godwin Emefiele is in its custody "for some investigative reasons".