Nigerians are hoarding cash again amid memories of a failed official campaign around this time last year to demonetize high-value naira notes.
Many ATMs have...
Nigeria’s central bank exempted mortgage banks and certain microfinance lenders from cash withdrawal limits and penalties as it aims to boost credit for poorer...
Nigeria’s central bank slashed the mandatory cash reserve requirement for merchant banks by 70% to increase their liquidity and ability to extend loans to...
Nigerian lawmakers increased the legal limit on government borrowings from the central bank in an emergency sitting of the senate on Saturday.
An amendment setting...
Nigeria’s central bank beefed up the supply of banknotes to lenders to end shortages that have hampered individual and business transactions and crippled the...
Nigerians have increasingly turned to a once-spurned digital currency to transact, after a chaotic demonetisation policy gave rise to a shortage of banknotes and...
