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Opinion

CBN never said buying dollars in Nigeria was illegal, in the first place

Although the CBN has said and done a lot to curtail the circulation of dollars in Nigeria, the July 19 MPC meeting wasn't one of those days.

Newsletter

BD Insider 179: CBN returns BDC to the forex market with a new rule

The Central Bank of Nigeria has reversed its stance on the operations of BDCs. We also shared a roundup of happenings in the African tech ecosystem.

Newsletter

BD Insider 166: Examining the controversies at Binance and the CBN

In this letter, we examined the suspension of Godwin Emefiele, the governor of the Central Bank of Nigeria and the local regulator's stance on Binance operations in Nigeria.

Opinion

How CBN intends to protect Nigerians in unbanked areas amidst Naira redesign

Ahead of the circulation of the new Naira notes, the Central Bank of Nigeria has disclosed that agency bankers have been accorded priority to enable cash collections in unbanked areas.

News

CBN releases $265 million out of the trapped aviation funds

The Central Bank of Nigeria (CBN) has released $265 million out of the total $464 million in trapped funds to foreign airlines.

News

CBN approves MFS Africa’s acquisition of Capricorn Digital Limited

MFS Africa has announced that they have completed their acquisition of the Nigerian super-agent Capricorn Digital Limited (Baxi).

Explainer

Explainer—Was Executive Order No. 5 breached in awarding the eNaira to Bitt Inc?

The EO5 directed that foreign companies with demonstrated and verifiable plans for indigenous capacity development can be awarded contracts when local professionals are lacking expertise

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