Nigeria Announces Takeover of Banks Acquired by Ousted Bank Governor
Nigeria said it will take possession of two banks that the government…
Nigeria
Nigeria Faces Cash Crunch Again on Anniversary of Failed Demonetization Campaign
Nigerians are hoarding cash again amid memories of a failed official campaign…
Nigeria Grants Exemption to Small Lenders from Cash Withdrawal Limits and Penalties
Nigeria’s central bank exempted mortgage banks and certain microfinance lenders from…
Nigeria Slashes Merchant Banks' Cash Reserve by 70% to Foster Loan Growth
Nigeria’s central bank slashed the mandatory cash reserve requirement for merchant…
Nigeria Increases Central Bank Borrowing Limit to 15% of Revenue
Nigerian lawmakers increased the legal limit on government borrowings from the central…
Nigeria resolves three-month cash crunch by issuing banknotes
Nigeria’s central bank beefed up the supply of banknotes to lenders…
Cash shortages drive up digital currency usage in Nigeria
Nigerians have increasingly turned to a once-spurned digital currency to transact, after…