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Central Bank of Nigeria

JUSUN Suspends Five-Month Strike in Benue

JUSUN Benue Union put an end to its five-month strike following favorable government actions that caused an immediate work resumption for all workers.

Protesters Demand Probe Into Ex-NNPCL Boss Kyari’s Tenure

Protesters stormed the AGF’s office demanding an investigation into Mele Kyari’s tenure at NNPCL, focusing on alleged corruption and a $2 billion debt.

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

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.

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.

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.

Nigeria’s Weekly Billion-Dollar Crypto Transactions Face Regulatory Scrutiny

Nigeria's booming cryptocurrency market, with transactions worth billions of dollars weekly, is facing increased regulatory scrutiny as authorities aim to balance innovation with financial stability and consumer protection, addressing concerns over money laundering and fraud.

Banks’ Weekly Borrowing from CBN Soars to ₦5.38 Trillion Amid Liquidity Crunch

Nigerian banks' weekly borrowing from the CBN has surged to ₦5.38 trillion, reflecting increased liquidity demand and economic challenges.

Naira Falls as External Reserves Dip Despite FX Reforms

The naira continues to fall amid declining external reserves, despite FX reforms by the Central Bank of Nigeria, raising concerns about the country's economic stability.

Major Shakeup at CBN: Over 90 Senior Staff Dismissed

The Central Bank of Nigeria has dismissed seven directors and over 90 senior management staff as part of a major restructuring to enhance operational efficiency and governance.

Nigerian Senator Urges Caution in Amending CBN Act

Senator Sani Musa calls for careful consideration in amending the CBN Act, emphasizing the need to preserve the Central Bank's autonomy for economic stability.

Nigeria Enhances Oil Investment Appeal with FX Regulation Relaxation

LAGOS - Nigeria, Africa's largest oil producer, has unveiled new measures aimed at attracting...

Central Bank Enforces 0.5% Cybersecurity Levy on Electronic Transfers

Lagos, Nigeria (BusinessDay) – In a bid to bolster cybersecurity measures and protect electronic...

Emefiele to Face Trial for Alleged $2.14 Billion Forex Abuse in Lagos on Monday

The Governor of the Central Bank of Nigeria, Godwin Emefiele, is set to appear...

Latest articles

JUSUN Suspends Five-Month Strike in Benue

JUSUN Benue Union put an end to its five-month strike following favorable government actions that caused an immediate work resumption for all workers.

Protesters Demand Probe Into Ex-NNPCL Boss Kyari’s Tenure

Protesters stormed the AGF’s office demanding an investigation into Mele Kyari’s tenure at NNPCL, focusing on alleged corruption and a $2 billion debt.

Lagos to Introduce Special Vehicle Plates for Persons with Disabilities

Lagos introduces special number plates for persons with disabilities to improve vehicle identification and inclusivity

Benue Government Calls Recent Attacks Terrorism, Not Farmer-Herder Clashes

KEY POINTS Benue State Government attributes recent violent attacks in the Ukum and Logo...