Money Market

CBN Alerts of Fake Naira Notes in Circulation

December 8, 2023/CBN The attention of the Central Bank of Nigeria (CBN) has been drawn to the circulation of counterfeit banknotes, especially higher denominations, by some individuals for transactions in food markets and other commercial centres across major cities in the country.  For the avoidance of doubt, Section 20(4) of […]

Governor Cardoso Approves the Central Bank of Nigeria’s Service Charter

December 7, 2023/CBN The Governor, Mr. Olayemi Cardoso, has approved the Central Bank of Nigeria’s reviewed Service Charter.  The Service Charter is a requirement of the Business Facilitation Act (BFA) 2022 for driving the ease of doing business in Nigeria. It also enables the Bank to fully comply with the […]

Islamic Development Bank Institute Joins Partners to Explore Global Standards for Central Bank Digital Currency

The conference was the first-of-its-kind gathering of international financial policymakers and provided a platform for the launch of new research on critical areas in the Central Bank Digital Currency (CBDC) field December 6, 2023/IsDBI The Islamic Development Bank Institute (IsDBI) participated as a knowledge partner in a conference titled ‘“Exploring […]