HomeTagsCentral Bank of Nigeria

Central Bank of Nigeria

Nigerians to Pay Nearly N1 Trillion More for Petrol as 15% Import Tariff Takes Effect

Nigeria’s new 15% fuel import tariff will add nearly N1 trillion yearly to petrol costs for consumers nationwide.

Abuja Farmers Count Losses as Food Prices Fall, Consumers Celebrate Relief

Farmers in Abuja lament huge losses from falling food prices, while residents celebrate cheaper staples after years of high costs.

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...

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...

Latest articles

Nigerians to Pay Nearly N1 Trillion More for Petrol as 15% Import Tariff Takes Effect

Nigeria’s new 15% fuel import tariff will add nearly N1 trillion yearly to petrol costs for consumers nationwide.

Abuja Farmers Count Losses as Food Prices Fall, Consumers Celebrate Relief

Farmers in Abuja lament huge losses from falling food prices, while residents celebrate cheaper staples after years of high costs.

Six Soldiers Killed as Bandits Attack Lawmaker’s Convoy in Niger

Gunmen ambushed lawmaker Jafaru Mohammed Ali’s convoy in Niger, killing six soldiers, while the lawmaker escaped without injury.

Lekki Zone MD: Nigeria Remains Investor-Friendly

Lekki Free Zone MD Val Attah insists Nigeria remains viable investment destination, backed by reforms and strong investor confidence.