The CBN mandates international remittances be settled in naira via local banks, enhancing transparency and fairness in Nigeria's remittance ecosystem.

The naira on Thursday appreciated across foreign exchange (FX) market segments as liquidity improved following a new ...

The payment firm's P2P app, which has only been available in the U.S., will provide a new lane for remittances and other ...

Learning how to receive money from the USA to South Africa is important for individuals and businesses who get payments, remittances ...

The Central Bank of Nigeria requires money transfer operators to open naira settlement accounts locally from May 1. Authorities aim to improve transparency and curb parallel foreign exchange market ...

The Central Bank of Nigeria (CBN) has issued a new regulatory directive requiring all International Money Transfer Operators ...

The CBN has banned dollar payouts for diaspora remittances. From May 1, Nigerians will receive funds only in naira.

This data series is part of the Center for Monetary Research. This site presents a weekly and monthly series of the proxy funds rate, following Doh and Choi (2016), Choi, Doh, Foerster, and Martinez ...

Since the conflict in the Middle East began on Feb. 28, the weekly average mortgage rate has risen from a long-awaited sub-6% to its highest point since last summer. The U.S. 30-year fixed mortgage ...

Ashley is a lead editor of mortgages and loans at Forbes Advisor. She graduated from Utah Tech University with a bachelor’s in English with an emphasis in creative writing. She began her career ...