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Central Bank of Nigeria

Natasha Urges Kogi Residents to Register for Voter Cards

KEY POINTS Senator Natasha Akpoti-Uduaghan has urged Kogi residents to register for their Permanent...

FCT Police Seize 30 Vehicles Over Tinted Glass Violations

KEY POINTS The FCT Police Command has impounded over 30 vehicles for using tinted...

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...

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.

Latest articles

Natasha Urges Kogi Residents to Register for Voter Cards

KEY POINTS Senator Natasha Akpoti-Uduaghan has urged Kogi residents to register for their Permanent...

FCT Police Seize 30 Vehicles Over Tinted Glass Violations

KEY POINTS The FCT Police Command has impounded over 30 vehicles for using tinted...

Gunmen Raid Ondo Community, Abduct Nine-Year-Old Boy

KEY POINTS Armed men attacked a community in Ondo State and kidnapped a nine-year-old...

NCDC Raises Ebola Alert, Strengthens Preparedness Nationwide

KEY POINTS The NCDC has classified the risk of Ebola entering Nigeria as high...