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Central Bank of Nigeria

Troops Kill Five Top Terror Commanders in July Raids

Nigerian troops killed five terrorist leaders, rescued 134 hostages, and foiled oil thefts in sweeping nationwide raids during July 2025.

Nigeria Immigration Cautions Against U.S. Visa Violations

NIS urges full compliance with U.S. visa terms amid rising concerns from U.S. officials about misuse and illegal stay

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...

Naira Hits Record Low on Official Exchange, Nears N1,500/$ Mark

The naira plunges to a new all-time low on the official market, raising concerns over potential economic impacts and market stability.

FG Seizes Control of 3 Major Banks Amid Regulatory Failures

Nigerian government seizes control of Union, Polaris, and Keystone Banks amidst regulatory and corporate governance crises.

Supreme Court Extends Validity of Old and New Naira Notes

Nigeria's Supreme Court has ruled in favor of the indefinite legal tender status of both old and new naira notes, impacting the nation's economy.

Nigeria’s Economic Woes Deepen Amid Inflation, FX Shortages

Amid soaring inflation rates and a dwindling foreign exchange (FX) reservoir, Nigeria's economic health...

CBN Initiates New Measures to Stabilize Nigeria’s Forex Market

Nigeria's Central Bank (CBN) has unveiled fresh strategies aimed at bolstering the Naira, which...

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Troops Kill Five Top Terror Commanders in July Raids

Nigerian troops killed five terrorist leaders, rescued 134 hostages, and foiled oil thefts in sweeping nationwide raids during July 2025.

Nigeria Immigration Cautions Against U.S. Visa Violations

NIS urges full compliance with U.S. visa terms amid rising concerns from U.S. officials about misuse and illegal stay

2027 Election: Can Nigeria’s Opposition Coalition Dethrone Tinubu’s APC?

As 2027 elections approach, Nigeria’s opposition coalition faces the uphill task of unseating APC’s Bola Tinubu amid internal crises, defections, and a fast-closing window to forge a united front.

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.