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CBN
The World Bank has disbursed $751.88 million to Nigeria from a recently approved $1.5 billion loan.
Banks' robust capitalization fuels Nigeria's economic growth, bolstering financial stability and expanding investment opportunities across sectors
Godwin Emefiele seeks leave to access his international passport to enable him to travel to the United Kingdom for a follow-up medical check-up.
The naira fell for a fifth day against the greenback despite the CBN's assistance, hitting its lowest level since March amid high demand for U.S. dollars and heightened geopolitical uncertainty.
The ECOWAS Bank for Investment and Development says it is issuing sustainable bonds worth N187.96 billion (FCFA 70 billion) aimed at boosting the economy of West African countries.
Nigerian banks have generated approximately N30 trillion in new loans and support for the private sector over one year period, demonstrating their pivotal role in the country's economic renewal efforts.
The Nigerian official foreign exchange (FX) market witnessed a significant increase in turnover, rising by 40% this week.
The Central Bank of Nigeria (CBN) has taken a significant step to stabilize the foreign exchange market by selling $122.67 million to 46 authorized dealers.
The exchange rate for the Nigeria Customs Service (NCS) duties collection has risen from N1,520/$ to the current figure of N1,558 to the USD.
The governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has said the country is currently shouldering the excesses of N27 trillion ways and means as well as N10 trillion intervention programmes which has led to the recent inflation.
Naira fell below N2,000 against the British pound as UK economic data exceeded expectations, impacting currency markets significantly.
The Corporate Affairs Commission (CAC) has asked the 4,173 Bureau De Change companies whose licences were recently revoked by the Central Bank of Nigeria (CBN) to change their names within three months.