Tag: CBN
Osun Govt seeks withdrawal of suit on withheld LG funds
Adetunbi said that the suit, which sought to safeguard the withheld local government funds, had been defeated as the allocation…
CBN, AGF bid to stop suit on withheld Osun LG funds fail
The judge dismissed the motion filed by the state government calling for the return of the case to the Osogbo…
Nigeria’s trade surplus climbed to 6% – Cardoso
Cardoso, who also led the Nigerian delegation to the annual meeting of the IMF/World Bank Group in Washington, reiterated the…
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.