Naira Under Pressure Again as Dollar Hits ₦1,382 in Parallel Market
The naira is trading around ₦1,382 to the dollar in Nigeria’s parallel market, although actual buy and sell rates vary ...
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Tag: cbn
“We Are Watching”: CBN Elevates Terrorism Financing to Top Supervisory Priority
The Central Bank of Nigeria has intensified surveillance on banks and other financial institutions over terrorism financing risks, elevating supervision ...
Read moreNaira Hits Five-Month High as Dollar Liquidity Improves
The naira strengthened to ₦1,343.32 per dollar at the official market this week, its best official-market showing in five months, ...
Read moreNigerians Abroad Send $1.29bn Home in First Quarter 2026
Nigerians abroad sent a record $1.29bn through international money transfer operators in the first quarter, highlighting the growing importance of ...
Read moreCBN denies introducing N5,000, N10,000 banknotes
The Central Bank of Nigeria dismissed a report claiming it had introduced N5,000 and N10,000 banknotes to facilitate cash transactions ...
Read moreCBN sacks 200 staff
AB9NGK Nigerian Central Bank, Abuja, Nigeria. Image shot 2007. Exact date unknown. Approximately 200 employees have been sacked by the ...
Read moreCBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels
The Central Bank of Nigeria (CBN) has raised the interest rate by 150 basis points to 26. 25 per cent. ...
Read moreCBN raises interest rate to 24.75%
The Central Bank of Nigeria has raised the monetary policy rate, known as the interest rate, by 200 basis points ...
Read moreForex Crisis: CBN revokes operational licenses of 4,173 BDCs
The Central Bank of Nigeria, CBN, has revoked the licenses of 4,173 Bureaux De Change Operators. According to the apex ...
Read moreForex Crisis: Nigerian govt blocks Binance, OctaFX, Coinbase, others
The Nigerian government has blocked the online platforms of Binance and other crypto firms to avert what it considers continuous ...
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