Naira Steadies Below N1,450 to Dollar as Policies Strengthen Currency
The naira continued its recent recovery on Wednesday, trading at around N1,445 to the dollar at the parallel market, slightly ...
Tag: CBN
Nigerian Commercial Banks’ Deposits with CBN Soar to a Record N64.55 Trillion in October
In October 2025, banks in Nigeria placed a staggering N64.55 trillion in deposits with the Central Bank of Nigeria (CBN) ...
High Yields Fail To Attract OMO Bidders
The Central Bank of Nigeria’s (CBN) latest Open Market Operations (OMO) auction was met with conspicuously poor demand, underscoring a ...
Naira Strengthens to ₦1,427.5/$1 Amid Rising Reserves and Renewed Market Confidence
The Nigerian currency, the naira, closed trading on Friday, October 31, 2025 at ₦1,427.5 to the US dollar, marking a ...
Dangote Urges Nigerians to Sell Dollars as Naira Slides Below N1, 450 in Renewed Market Volatility
Nigeria’s naira recently fell through a crucial threshold, dipping below ₦1,450 per U.S. dollar in the official market. At the ...
Nigeria Approves $2.3 Billion Loan to Fund Budget and Pay Debt
The Nigerian House of Representatives has officially approved President Bola Tinubu's plan to raise over $2.3 billion from foreign sources. ...
Nigeria’s Inflation to Drop to 14% in 2026, Says MAN, Predicts 23% Interest Rate and Stronger Naira
The Manufacturers Association of Nigeria (MAN) predicts that Nigeria’s headline inflation will slow to 14 percent in 2026, helped by ...
Reps Propose Unified Regulator For Nigeria’s Fintech
In a significant move to streamline the governance of its booming digital finance sector, the Nigerian House of Representatives has ...
BDC Operators on the Brink as CBN Dollar Drought Deepens Strain on Street Economy
Nigeria’s Bureau De Change operators say they are barely surviving after the Central Bank of Nigeria (CBN) halted dollar allocations ...
Governors Back CBN’s Hard-Line Economic Reforms
The elected governors from Nigeria’s thirty-six states recently convened in Abuja, where they pledged their unequivocal support for the ongoing, ...
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