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CBN introduces Bank Neutral Cash Hubs to enhance cash management efficiency

The Central Bank of Nigeria (CBN) in collaboration with the Bankers’ Committee has introduced cash collection centres called Bank Neutral cash hubs. This…
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CBN increases currency in circulation by N418bn over cash transactions

THE currency in circulation rose by N418bn from N2.91tn in December, 2020, to N3.33tn in December,  2021, according to figures obtained from the…
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Senate votes against putting VAT on exclusive legislative list

The Nigerian Senate voted against adding the Value Added Taxes into the exclusive legislative list. This was disclosed by the Senate during Tuesday’s…
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Naira closed flat as Russian-Ukraine invasion sends cryptos crashing

The exchange rate between the naira and the US dollar closed at N416/$1 at the Investors and Exporters (I&E) window, where forex is…
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