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Central Bank of Nigeria

President Tinubu Inaugurates Committee for Upcoming National Census

KEY POINTS President Bola Tinubu inaugurated a high-level committee to oversee Nigeria's upcoming population...

Dangote Refinery Reduces Petrol Ex-Depot Price to ₦835 Per Litre

KEY POINTS Dangote Refinery has reduced the ex-depot price of petrol to ₦835 per...

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

President Tinubu Inaugurates Committee for Upcoming National Census

KEY POINTS President Bola Tinubu inaugurated a high-level committee to oversee Nigeria's upcoming population...

Dangote Refinery Reduces Petrol Ex-Depot Price to ₦835 Per Litre

KEY POINTS Dangote Refinery has reduced the ex-depot price of petrol to ₦835 per...

Reps Order Remita to Refund N182 billion Over TSA Discrepancies

The House of Representatives has ordered Remita to refund N182.77bn to the Federal Government following a forensic audit uncovering discrepancies in the TSA.

Nigeria Needs More Actuaries to Strengthen Financial Sector

Nigeria faces a shortage of qualified actuaries. The FRC is addressing this gap by supporting educational initiatives to train 2,000 professionals.