Nigeria’s FX Reserves Hit Seven-Year High at $46.7bn, Says CBN
Nigeria’s foreign-exchange reserves have risen to their highest level in seven years, reflecting renewed confidence in the economy, improved oil ...
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Tag: #CBN
CBN Credits FX Stability to Increased Inflows, Market Controls, and Orthodox Policy
The Central Bank of Nigeria (CBN) has attributed recent foreign exchange (FX) stability to rising FX inflows, tighter market controls, ...
Read moreCBN Reports Decline in Banks’ Capital Adequacy Ratio to 12% After Withdrawal of Regulatory Forbearance
The Central Bank of Nigeria (CBN) has reported a decline in the Capital Adequacy Ratio (CAR) of the banking industry ...
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Naira Records Strongest Gain of 2025, Appreciates to ₦1,421.73/$ in October
The naira recorded its strongest appreciation of 2025 at the close of October, strengthening to ₦1,421.73 per dollar at the ...
Read moreNaira 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 ...
Read moreBanks 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 ...
Read moreCBN 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 ...
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Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.