UBA to complete CBN’s N500 billion capital requirement in Q3 2025 amid business expansion plans – Tony Elumelu
The Chairman of the Board of Directors, United Bank for Africa Plc (UBA), Tony Elumelu, on Friday assured stakeholders that ...
Tag: CBN
Exchange rate ends week on strong note, closes at N1,589/$1 in official market
The naira ended the trading week on a strong footing, appreciating to N1,589/$1 at the official Nigerian Foreign Exchange Market ...
Debtors incur N8.4 trillion in interests payments to Nigerian banks in 2024
Nigerian banks had a blockbuster year in 2024, leveraging a high-interest rate environment to significantly boost their earnings from customer ...
CBN and the Naira: The Reason Behind FX Interventions – Dr. Biodun Adedipe Breaks It Down on Talknomics
In the second episode of Talknomics with Ugodre, leading economist Dr. Biodun Adedipe provides critical insight into the Central Bank ...
Nigeria records $15.2 billion net FX inflow in Q1 2025 as reforms deepen market liquidity
Nigeria recorded a net foreign exchange (FX) inflow of $15.20 billion in the first quarter of 2025
Currency in circulation drops to N5 trillion in March 2025 — CBN
Nigeria’s currency in circulation declined to N5 trillion in March 2025, according to the latest data from the Central Bank ...
Credit to private sector hits N76.27 trillion in March 2025 – CBN says
Credit to Nigeria’s private sector stood at N76.27 trillion in March 2025, reflecting a marginal increase of 0.03% from the ...
Money supply rises to N114.2 trillion in March amid soaring inflation
Nigeria’s broad money supply (M3) rose to N114.22 trillion in March 2025, up by 24% year-on-year from N92.19 trillion in ...
Cash remains king in Nigeria as currency outside banks hits N4.6 trillion in March 2025
The total value of currency outside Nigeria’s banking system rose to N4.6 trillion in March 2025, accounting for 91.9% of ...
Nigeria’s net foreign exchange inflow drops to $4.79 billion in January 2025 – CBN report
Nigeria’s economy witnessed a decline in net foreign exchange inflow in January 2025, attributed to reduced contributions through the Central ...
