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Banks to Deposit Excess Dollars in CBN Lagos, Abuja Offices

CBN sets new deposit guidelines for banks to manage excess foreign currencies, aiming to stabilize the naira.
News

Resilient Nigerians Defy Tough Times with Stunning Creativity

Despite facing economic challenges, Nigerians are displaying resilience and creativity, transforming adversity into opportunity across various sectors like arts, tech, and agriculture.
Business

CBN Sells Over N1 Trillion OMO Bills, Attracts Foreign Investors

The Central Bank of Nigeria (CBN) has announced the successful completion of a sale...
Business

CBN Clears $400 Million FX Backlog in One Week

The Central Bank of Nigeria (CBN) has cleared an additional $400 million of foreign...
News

Former CBN Governor Emefiele Vindicated by Economic Crisis

The economic woes that have plagued Nigeria since 2023 have proven the competence and...
Business

Naira Gains Strength as Foreign Reserves Grow**

The Nigerian currency, the naira, has appreciated against the US dollar in the parallel...
News

CBN Bans Cash Payout for Travel Allowances

The Central Bank of Nigeria (CBN) has announced a new policy that prohibits authorized...
News

Nigeria’s Naira Plummets to All-Time Low Against Dollar

Nigeria’s currency, the naira, has fallen to a record low of 1,534.39 per dollar...
News

Senate Grills Top Brass, Economic Team

The Senate has summoned the service chiefs and the economic team to appear before...
News

Naira Plummets to Record Low, Senate Summons CBN Governor

The Nigerian currency, the naira, has hit a new low against the US dollar...
News

EFCC Probes $347bn Forex Allocation to Firms in 10 Years

The Economic and Financial Crimes Commission (EFCC) is investigating how at least $347bn was...
News

CBN Releases $61.64 Million to Settle FX Backlog for Foreign Airlines

CBN takes action by disbursing $61.64 million to foreign airlines, aiming to resolve the FX backlog and boost the Naira's value.
Business

CBN to Crack Down on Fintech Fraud With New Guidelines

The Central Bank of Nigeria (CBN) is planning to introduce corporate governance guidelines for...
News

Naira Surges as Nigeria’s Central Bank Unifies Exchange Rates

Nigeria's naira soared by more than 27 percent against the US dollar on Monday,...
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Business

Banks to Deposit Excess Dollars in CBN Lagos, Abuja Offices

CBN sets new deposit guidelines for banks to manage excess foreign currencies, aiming to stabilize the naira.
News

Resilient Nigerians Defy Tough Times with Stunning Creativity

Despite facing economic challenges, Nigerians are displaying resilience and creativity, transforming adversity into opportunity across various sectors like arts, tech, and agriculture.
News

Tenure of FCT Area Council Chairmen, Councillors Set to Expire in June 2026

The tenure of chairmen and councillors in the FCT area councils is set to expire in June 2026, clarified by INEC under the new Electoral Act 2022.
Business

NNPC’s Crude Supply Challenges Affect Dangote Refinery Project

NNPC faces scrutiny over failing to fulfill crude supply commitments to Dangote Refinery, sparking tensions with IOCs.

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