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CBN
The Nigerian naira maintained stability at the official exchange window on Wednesday, closing at N1,602/$1, the same rate recorded on Tuesday.
The Central Bank of Nigeria (CBN) raised a total of N804.85 billion at its Open Market Operations (OMO) auction held on Monday, April 29, 2025, as investors continue to show a strong appetite for high-yield securities amid persistent excess liquidity in the financial system and elevated inflation expectations.
The Central Bank of Nigeria (CBN) has directed all banks operating in the country to adopt the Pan-African Payment and Settlement System (PAPSS) and commence originating transactions under the new framework, as part of efforts to deepen intra-African trade and improve cross-border payment efficiency.
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has described inflation as the most significant threat to the economic welfare of Nigerians, pledging the CBN’s commitment to reducing inflation to single digits over the medium term.
The Central Bank of Nigeria (CBN) raised a total of N1.008 trillion at its Open Market Operations (OMO) auction held on Friday, April 25, 2025, following overwhelming investor demand that led to a 102% oversubscription.
The Chairman of the Board of Directors, United Bank for Africa Plc (UBA), Tony Elumelu, on Friday assured stakeholders that the bank will meet the Central Bank of Nigeria's (CBN) N500 billion minimum capital requirement for international commercial banks by Q3 2025, ahead of the deadline.
The naira ended the trading week on a strong footing, appreciating to N1,589/$1 at the official Nigerian Foreign Exchange Market (NFEM) on Friday, April 25, 2025.
Nigerian banks had a blockbuster year in 2024, leveraging a high-interest rate environment to significantly boost their earnings...
In the second episode of Talknomics with Ugodre, leading economist Dr. Biodun Adedipe provides critical insight into the...
Nigeria recorded a net foreign exchange (FX) inflow of $15.20 billion in the first quarter of 2025
Nigeria’s currency in circulation declined to N5 trillion in March 2025, according to the latest data from the Central Bank of Nigeria (CBN), reflecting a continued drop for the third consecutive month in 2025.
Credit to Nigeria’s private sector stood at N76.27 trillion in March 2025, reflecting a marginal increase of 0.03% from the N76.25 trillion recorded in February 2025.