Central Bank of Nigeria (CBN)
Nigeria closes FX exchanges amid continuing currency problems
Authorities intensify actions against Binance and other cryptocurrency firms
Auditors discover problematic FX claims at Nigerian central bank
Announcement of $2 billion in suspect claims comes after 60% devaluation of naira
Nigerian central bank says it has cleared some lenders’ FX liabilities
Move comes one week after CBN replaces management of three banks for alleged law-breaking
People: October to December 2023
A round-up of central bankers in the news and on the move during the past three months
Nigerian central bank again postpones policy meeting
CBN has not held policy meeting since May despite 10 months of rising inflation
Nigerian central bank warns against cash panic
Central bank ends currency replacement plan as Cardoso pledges more limited role
Nigerian senate confirms governor and deputies
President’s nominees took over as acting officials last week after former deputy governors resigned
Nigerian president nominates new governor after Emefiele resigns
Tinubu also nominates four deputy governors, despite only one upcoming vacancy
Banknotes: July to September 2023
A round-up of news and salient issues that have affected central bankers in the past three months
People: July to September 2023
A round-up of central bankers in the news and on the move during the past three months
Nigerian court orders release of former governor
Lawyers argue that Emefiele’s month-long detention is unlawful
Nigerian central bank caps contactless payments
Move limits consumers’ daily contactless payments to $66
Nigeria liberalises exchange rate
Naira falls sharply as country leaves Emefiele era behind
Nigerian president suspends governor
President calls for lower policy rates and unified FX regime, and says Emefiele is under investigation
Nigerian parliament lifts central bank financing limit
Central bank has lent government tens of billions as fiscal problems mount
Nigerian MPC continues tightening
Official figures show slight rise in inflation as pressure on currency continues
Nigeria CBDC uptake ‘disappointingly low’ – paper
The e-naira is technically sound, but actual use is negligible, says IMF study
Central bankers cast doubt on utility of CBDC
“Element of Fomo” drives projects on even when purpose is unclear and resources lacking
Nigeria and Morocco raise rates
Inflation hits record level in Morocco and remains high in Nigeria
CBDC needs good preparation, warn central bankers
Panellists say financial literacy, research and infrastructure must come first
FATF suspends Russia and grey-lists Africa’s largest economies
South African president pledges rapid reform as Yellen hails action against Russia