Naira Records Strongest Gain of 2025, Appreciates to ₦1,421.73/$ in October
The naira recorded its strongest appreciation of 2025 at the close of October, strengthening to ₦1,421.73 per dollar at the ...
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Tag: #CBN
Naira Records Strongest Daily Gain at Official FX Market
The Naira recorded its strongest appreciation against the United States dollar this week at the official foreign exchange market. Latest ...
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CBN Releases $1.26bn for Fuel Imports Despite Dangote Refinery Output
The Central Bank of Nigeria (CBN) has disbursed a total of $1.259 billion to oil sector players for the importation ...
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Banks Channel Surplus Funds to CBN as Liquidity Pressures Deepen in Interbank Market
Liquidity pressures intensified in Nigeria’s interbank market last week as commercial banks continued to channel surplus funds to the Central ...
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Nigeria’s Prime Lending Rate Rises to 18.88% in August Despite MPR Reduction
The average prime lending rate in Nigeria’s banking sector rose to 18.88 per cent in August 2025, up from 18.54 ...
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Cardoso: CBN Developing New Framework for Bilateral Trade in National Currencies
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has disclosed that Nigeria is developing a new framework ...
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CBN Monitors Banks’ Recapitalisation Compliance Ahead of Deadline
The Central Bank of Nigeria (CBN) has said it is closely monitoring banks to ensure strict compliance with the recapitalisation ...
Read moreCBN Governor Links $42.35bn Reserves to Clearing of Forex Backlog
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has credited Nigeria’s external reserves growth to $42.35 billion ...
Read moreCBN Confirms 14 Banks Have Met New Capital Requirements
The Central Bank of Nigeria (CBN) has confirmed that 14 commercial banks have successfully met the new regulatory capital requirements ...
Read moreNECA Backs CBN’s MPR Cut to 27%, Says Policy Could Spur Growth
The Director-General of the Nigeria Employers’ Consultative Association (NECA), Adewale-Smatt Oyerinde, has applauded the Central Bank of Nigeria’s (CBN) decision ...
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