Tag: CBN
Trocadero sues CBN over N20bn Heritage Bank recapitalisation funds
Trocadero maintained that as of June 3, 2024, the N20 billion it committed had not been utilised for the intended…
Confusion over N100 notes ends as CBN issues clarification
In a statement issued on Wednesday by the Acting Director of Corporate Communications, Hakama Sidi-Ali, the apex bank said it…
Emefiele: Witness says withdrawal of $6.2m pushed CBN’s special dollar account into negative balance
Testifying before Justice Muazu, Obazee while being led in his testimony by prosecution counsel and Director of Public Prosecution, Rotimi…
FCCPC expands approved loan app list, raises total to 505
According to the Commission's latest update, the total number of fully approved digital lending companies in Nigeria has now increased…
Naira falls slightly as demand for dollars increases
Trading activity in the interbank market remained volatile. CBN figures showed transaction volumes ranging from $39.99 million to $184.34 million,…
Nigeria’s External Reserves hit 17-year high of $51.04bn
According to CBN data, external reserves opened the month at $49.80 billion before crossing the $50 billion threshold on June…
Banks, customers lose N134bn to fraud
The losses were spread across a wide range of transaction channels, including over-the-counter banking, Automated Teller Machines, cheques, e-commerce platforms,…
Nigeria’s foreign reserves increase by over $1 billion in two weeks
Overall, Nigeria's foreign reserves have increased by more than $11 billion over the past year, strengthening the country's ability to…
Naira remains strong against British pound, trades at N1,823/£1
The Nigerian naira continued to gain strength against the British pound in the foreign exchange market.
CBN tightens forex oversight, hits banks with N100m fine
CBN tightens forex oversight, hits banks with N100m
CBN data shows naira continues recovery with third consecutive gain
The Nigerian naira continued to strengthen against the United States dollar on Wednesday, marking its third consecutive day of appreciation…
Nigeria’s external reserves rise by $1.22 billion in May
Nigeria’s external reserves increased by about $1.22 billion in May 2026, reaching $49.58 billion by May 29, according to data…
CBN mops up N1.95tn in fresh OMO auction as N3.35tn maturities loom
The Central Bank of Nigeria (CBN) has intensified efforts to rein in excess liquidity in the financial system, absorbing N1.945…
Report: Naira appreciates N213 against dollar over 12 months
Nigeria’s naira ended May 2026 at N1,372 per US dollar, representing a slight decline from N1,367/$ recorded at the end…
Banks lend N15.66 trillion to government in one year – CBN
Banks in Nigeria increased their lending to the federal government significantly over the past year, according to data from the…