Tag: CBN
CBN’s gains tested as naira falls slightly to ₦1,467 per dollar
The NBS is expected to release its Consumer Price Index (CPI) report for September on Wednesday.
FCCPC hails CBN’s plan to tackle ATM failures, delayed refunds
The FCCPC stressed that early adoption of the guidelines will offer immediate relief to affected customers and enhance confidence in…
Naira Boom Explained: How CBN reforms, oil gains, strengthened the currency
commended the close collaboration between the Ministry of Finance and the CBN, adding that public statements by the Coordinating Minister…
Naira strengthens to ₦1,455/$ as Nigeria’s external reserves grow
As the foreign exchange market continues to stabilize, stakeholders are urging the federal government to consolidate the gains by ensuring…
New Banking Rules: 10 things PoS operators must know to avoid sanctions
These rules, known as the Guidelines for the Operations of Agent Banking in Nigeria, were issued on October 6, 2025.…
CBN reforms to stabilise economy, restore investor confidence – Cardoso
Cardoso said when he promised to clear verifiable FX backlog estimated at over seven billion dollars, the feat was a…
CBN interventions, inflows keep naira stable at ₦1,483/$
Short-term forecasts suggest the dollar will likely trade within ₦1,480–₦1,495 in the official market and ₦1,485–₦1,500 in the parallel market…
Import costs fall as exchange rate strengthens to N1,480/$
The parallel market also reflected the trend, with the naira exchanging between N1,490 and N1,495 this week.
CBN Licenses Amaanah Finance Company to offer Non-Interest Banking in Nigeria
Speaking on the announcement, Dr. Akeem Oyewale, Chairman of the Board, described the license as “a mandate to reimagine how…
Again, CBN warns Nigerians against spraying, writing on Naira
Deputy Governor of Operations, Mr. Bala Bello, represented by Dr. Adetona Adedeji, Director of Currency Operations and Branch Management, condemned…
Naira strengthens as CBN slashes interest rate for first time in five years
Traders, businesses and households alike will be watching closely in the coming days to see if the positive momentum continues…
CBN slashes Interest Rate to 27% in bold move to stimulate Economy
The current adjustment reflects the CBN's cautious approach to balancing inflation control with economic growth stimulation.
Naira strengthens to N1,497/$ as CBN begins key interest rate talks
Some Fed officials, including Governor Stephen Miran, had pushed for a deeper 50 basis point cut. His upcoming speech could…
No more cash stress! CBN unveils new mode of payments in Nigeria
The initiative was officially launched on Tuesday during the inaugural meeting of the PSV 2028 Project Committee in Lagos.
CBN moves to revive eNaira, expand digital financial access
The eNaira was launched in October 2021 to help more people join the financial system, but its usage has remained…
Currency watch: Naira dips by 19 kobo against dollar as week ends
The Naira traded at 1,533.74 to the dollar, showing a small decline compared to the previous day’s rate of 1,533.55.
CBN data shows naira appreciates slightly, external reserves climb
Nigerian naira began the new trading week on a positive note, recording a slight appreciation against the United States dollar…
House of Reps give Cardoso 14 days or face arrest
The House of Representatives Joint Committees on Public Accounts and Public Assets have issued an ultimatum to Central Bank Governor…
CBN Data: Nigeria’s foreign reserves rise by $200m in 30 days to hit $37.94bn
Momentum picked up significantly on July 11, when reserves climbed to $37.43 billion. The sharpest increase came on July 14,…
CBN retains tight policy, keeps interest rate at 27.50%
In addition to retaining the MPR, the MPC voted to keep the Cash Reserve Ratio (CRR) unchanged at 50% for…
New CBN’s BDC policy threat to northern economy, national security – Arewa Forum
According to him, Nigeria’s new policy could wipe out Northern participation in the BDC space, a sector that has long…
No hidden charges for NRBVN, CBN clarifies
In a statement by Acting Director of the Corporate Communications Department, Mrs Hakama Sidi-Ali, the apex bank affirmed that no…
CBN data shows Naira recovery as depreciation streak ends
Central Bank has reiterated its commitment to stabilizing the foreign exchange market through various interventions, including tightening monetary policy, managing
‘Stop plot by CBN, AGF to pay our LG funds to private accounts,’ Osun govt urges Tinubu
Osun Commissioner for Local Government and Chieftaincy Affairs, Dosu Babatunde said this in a statement on Wednesday.
SERAP sues CBN over missing billions for 774 LGAs
This legal move comes in the wake of the Supreme Court’s July 2024 judgment, which declared that state governors have…
CBN keeps Interest Rate unchanged at 27.50%
The Liquidity Ratio (LR) remains unchanged at 30%, while the asymmetric corridor is maintained at +500/-100 basis points around the…
Could Nigerian banks be in danger? CBN breaks silence on explosive claims
The apex bank reaffirmed its commitment to continuous oversight of financial institutions through rigorous frameworks designed to detect early warning…
CBN unveils BVN platform for diaspora Nigerians
The initiative, tagged Non-Resident Bank Verification Number (NRBVN) platform was described as a milestone in Nigeria’s financial inclusion journey and…
Expose the billions! SERAP pressures CBN to reveal LG Fund transfers or face redress
The group also cited former President Muhammadu Buhari’s shocking 2022 revelation that some local government chairmen were coerced into signing…
Naira depreciates against dollar at official market
The Naira had remained relatively static for three trading days, from Monday, April 28, to Wednesday, April 30, when it…