Anger is mounting among Nigerian bank customers following allegations that commercial banks are deducting double stamp duty charges on electronic transfers, barely weeks after the country’s new tax laws came
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The Central Bank of Nigeria (CBN) has announced the removal of cash deposit limits and increased the weekly cash withdrawal threshold for individuals to N500,000, up from the previous N100,000.
Nigeria’s economy continued its steady recovery in October 2025, expanding for the eleventh consecutive month, according to the Central Bank of Nigeria’s (CBN) Purchasing Managers’ Index (PMI). The composite PMI
Central Bank of Nigeria (CBN) Governor, Yemi Cardoso, has emphasized that Nigeria does not need to persuade investors to commit capital if the country maintains strong macroeconomic fundamentals. Speaking at
Nigeria’s net domestic credit (NDC) has dropped by 12.8% year-on-year to ₦98.97 trillion in August 2025, according to the latest money and credit report released by the Central Bank of
The Central Bank of Nigeria (CBN) has lowered its benchmark interest rate for the first time in more than three years, cutting the Monetary Policy Rate (MPR) from 27.5% to
By Bashir Bello The Central Bank of Nigeria (CBN) has restated its commitment to deepening financial inclusion and driving productivity as part of its broader strategy to strengthen the nation’s
Nigeria’s industrial sector recorded a slowdown in August 2025, slipping into contraction after months of marginal growth, according to the Central Bank of Nigeria’s latest Purchasing Managers’ Index (PMI). The
Following the naira’s depreciation, the Central Bank of Nigeria has raised the exchange rate for calculating import duty at Nigeria’s ports to N1,457.014 per dollar. The Customs Forex duty rate
A former member of the House of Representatives, Aliyu Gebi, has shared insights on the recent directive from the Central Bank of Nigeria requiring banks to start deducting cybersecurity levy