CBN: Nigeria’s Foreign Reserves Hit $41 Billion, Highest in 44 Months
Nigeria’s foreign exchange reserves surged to $41 billion on August 19, 2025, their highest level in 44 months, according to ...
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Tag: #CBN
CBN Reaffirms Commitment to Economic Growth and Consumer Protection
The Central Bank of Nigeria (CBN) has reiterated its commitment to sustaining initiatives that boost the economy and safeguard consumers ...
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CBN, NDIC Pledge Stronger Collaboration to Safeguard Nigeria’s Financial System
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has congratulated the newly appointed Managing Director/Chief Executive ...
Read moreCBN Holds Benchmark Interest Rate at 27.5% to Sustain Disinflation Momentum
The Central Bank of Nigeria (CBN) has decided to maintain all key monetary policy parameters, including the Monetary Policy Rate ...
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CBN Injects $4.1bn into FX Market in H1 2025 to Defend Naira
The Central Bank of Nigeria (CBN) injected a total of $4.1 billion into the foreign exchange (FX) market in the ...
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Nigeria Records $6.83 Billion Balance of Payment Surplus in 2024, Signaling Economic Revival
Nigeria Achieves $6.83 Billion Balance of Payment Surplus in 2024, Indicating Economic Recovery Nigeria has recorded a balance of payments ...
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Domestic Economy: CBN Facilitates 17.2% Increase in International Payments, Despite Decline in Foreign Exchange Inflows
According to the Central Bank of Nigeria (CBN), international payments facilitated by the apex bank grew by 17.2% year-on-year to ...
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Central Bank of Nigeria (CBN) Reports N18.04 Trillion Borrowed by Banks in October 2024 Amid Liquidity Crisis
Financial data released by the Central Bank of Nigeria (CBN) reveals that deposit money banks and merchant banks in the ...
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Naira gains 5bps to NGN1,600.00/USD amid demand-supply imbalance challenges
Last week, the naira appreciated marginally by 5 basis points to NGN1,600.00/USD at the Nigerian Autonomous Foreign Exchange Market (NAFEM), ...
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CBN Launches Re-Validation of $2.4bn Foreign Exchange Claims Amidst Manufacturer Concerns
The Central Bank of Nigeria (CBN) has initiated a re-validation exercise aimed at addressing the complaints of manufacturers and importers ...
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