Naira Weakens Despite Reserves Hitting 17‑Year High
Nigeria’s foreign exchange market remained under pressure last week, with the naira depreciating in the official window even as the ...
Tag: CBN
Global Markets React to Falling Oil Prices and Tough Central Bank Policies
Global financial markets experienced mixed performances last week as easing tensions in the Middle East pushed oil prices lower, while ...
Nigeria’s Crude Oil Imports Jump to $1.39bn as Dangote Refinery Expands Operations
Nigeria imported crude oil worth $1.39 billion during the first quarter of 2026, marking a significant increase as local refineries, ...
Fraudsters Steal N134 Billion From Banks and Customers, CBN Reports
Fraudsters siphoned an estimated N134 billion from Nigerian banks and their customers, underscoring the growing threat posed by financial crime ...
Nigeria’s reserves have already reached around $50 billion and are approaching the CBN’s projected $51 billion year-end level
Nigeria’s gross external reserves rose to $50.886 billion as of June 16, 2026, placing the country within striking distance of ...
CBN Gives Banks and Fintechs Six Months to Keep Payment Data in Nigeria
The Central Bank of Nigeria (CBN) has directed all commercial banks and financial technology (fintech) companies operating in the country ...
CBN Orders Banks to Localise Payments Data to Strengthen Oversight
The Central Bank of Nigeria (CBN) has directed banks, payment service providers, and other regulated financial institutions to ensure that ...
CBN Unveils New Benchmark Rate to Strengthen Financial Market Credibility
The Central Bank of Nigeria (CBN) has introduced a new benchmark rate framework designed to enhance transparency, improve price discovery, ...
CBN Launches New Overnight Rate to Boost Transparency and Attract Global Investors
The Central Bank of Nigeria (CBN) has introduced the Nigeria Overnight Financing Rate (NOFR), a new benchmark interest rate designed ...
CBN Proposes New Rules for Financial Holding Companies in Nigeria
The Central Bank of Nigeria (CBN) has issued an exposure draft outlining significant revisions to the regulatory framework governing Financial ...
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