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Central Bank of Nigeria

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Veteran Broadcaster Temisan Okomi Reportedly Dies at 53

KEY POINTS Reports of Temisan Okomi’s death emerged on social media but remain unconfirmed. ...
News

ADC Warns Tinubu of Possible 2027 Defeat Over Rising Hardship

KEY POINTS ADC warns Tinubu risks losing the 2027 election due to worsening hardship...
Business

CBN Lifts Limits, Raises Weekly Withdrawal Threshold

The Central Bank of Nigeria has overhauled its cash-handling rules, lifting deposit limits and increasing weekly withdrawal thresholds to N500,000 for individuals and N5 million for corporates.
News

CBN Injects $1.25 Billion to Support Fuel Imports

The Central Bank of Nigeria disbursed $1.25 billion to petroleum marketers in the first quarter of 2025 to stabilise fuel import and supply
News

Afe Babalola Warns Nigeria’s Debt Crisis Hurts Investor Confidence

Afe Babalola warns Nigeria’s debt crisis is hurting investor confidence and calls for fiscal discipline, leadership reform, and stronger economic management.
News

Dollar To Naira Rate Steadies Amid Market Pressure

The dollar to naira exchange rate steadied on October 15, 2025, with official and parallel market rates showing minimal movement.
Business

Nigerian Banks’ Deposits with CBN Soar Dramatically High

The CBN's deposits from Nigerian banks grew by over 800% year over year in 2025. This shows that the money market was tighter and there was too much cash.
News

CBN Reports N38.8 Billion Profit, Reversing Heavy 2023 Loss

CBN rebounds from N1.15 trillion loss to report N38.8 billion profit in 2024
Business

Businessman Sentenced, Wristwatch Forfeited For Refusing Naira

Uzondu Chimaobi sentenced to four years in prison for refusing to accept Naira as payment, violating Nigerian law on legal tender.
News

Nigeria Records $6.83 Billion Payments Surplus in 2024

Nigeria records a $6.83 billion payments surplus in 2024, marking the first surplus in three years. Key reforms and trade performance contributed to the success.
News

Kenya’s President Ruto Nominates Interior Minister as New Deputy President

Zenith Bank has named Abiodun Durosinmi as its new CFO, following the Central Bank of Nigeria's approval of the appointment
Business

Nigeria’s Inflation Slows for the First Time in 19 Months

Nigeria’s inflation rate slows after 19 months of increase, offering brief relief but ongoing economic challenges remain.
Business

Nigeria’s Economic Activity Drops for 13th Straight Month in July

Nigeria's economic activity contracts for the 13th month, as rising costs and declining employment continue to hinder growth.
News

Nigeria’s Inflation Climbs to 34.19% in June, Driven by Food Prices

Nigeria's inflation rate rose to 34.19% in June, driven by rising food prices. This significant increase poses serious concerns for the economy and citizens.
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Sports

Veteran Broadcaster Temisan Okomi Reportedly Dies at 53

KEY POINTS Reports of Temisan Okomi’s death emerged on social media but remain unconfirmed. ...
News

ADC Warns Tinubu of Possible 2027 Defeat Over Rising Hardship

KEY POINTS ADC warns Tinubu risks losing the 2027 election due to worsening hardship...
News

Lagos orders filling stations and banks to open toilets to public

Lagos has deployed 1,710 public toilets and is now directing filling stations, banks and eateries to open their restrooms to the public to end open defecation.
News

JAMB releases 2026 UTME results, warns on fraud

JAMB has released 2026 UTME results for 632,788 candidates who sat Thursday's exam, warning against score manipulation as arrests are already underway.