Tag: CBN
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…
CBN maintains 26.5% rate, naira stable at ₦1,371/$
The Nigerian Naira remained stable against the US Dollar in the official foreign exchange market on Thursday morning after the…
CBN moves to simplify bank alerts amid rising customer complaints
The Central Bank of Nigeria (CBN) and commercial banks are reviewing the large number of transaction alerts sent to customers…
BREAKING: CBN retains Interest Rate at 26.5% amid Inflation battle
The Central Bank of Nigeria, CBN, has retained the country’s benchmark interest rate at 26.5 per cent, as monetary authorities…
CBN warns states over rising debt, short-term borrowing habit
A police officer, Inspector Abdulkadir Garba, popularly known as “Buratai,” has died after he was struck by lightning while carrying…