Appeal Court reverses N579bn Stamp Duty payment to Kasmal Services in CBN’s favor
The Court of Appeal sitting in Abuja on Wednesday reversed the Federal High Court judgment that had ordered the Central ...
Tag: Central Bank of Nigeria
News and analysis about Central Bank of Nigeria
Naira depreciates to N1,555/$1 ahead of 301st MPC meeting
The Naira continued its downward trend this week and currently trades at N1,555/$1 on the parallel market on Wednesday, according to ...
Analysts predict naira won’t drop beyond N1,600 in H2 2025, cite reasons
Analysts at Optimum Global have projected that the naira will trade between N1,500 and N1,600 in the second half of ...
Naira strengthens to N1,550/$ in parallel market; here’s why it’s gaining
The exchange rate closed the week with a mixed performance, as the naira recorded a slight depreciation in the official ...
Financial fraud in Nigeria surges by 45%, 70% of losses linked to digital platforms – CBN
The Central Bank of Nigeria (CBN) has raised the alarm over a significant rise in financial fraud cases in the ...
CBN deadline: Nigerian banks race to file capital restoration plans by July 14
Nigerian commercial banks are scrambling to meet the Central Bank of Nigeria’s (CBN) July 14 deadline for submission of Capital ...
10 African Central Banks exploring digital currencies in 2025
Currently, African countries are actively researching, piloting, or rolling out Central Bank Digital Currencies (CBDCs), a testament to the continent’s ...
IMF commendation sparks strong gains for Naira across parallel, official markets
The naira appreciated to N1,565 per dollar on Thursday at the parallel market, up from N1,580 per dollar on Wednesday, ...
IMF backs CBN’s tight monetary policy to curb inflation
The International Monetary Fund (IMF) has backed the Central Bank of Nigeria’s (CBN) sustained tight monetary policy stance, describing it ...
Nigeria’s money supply records second drop in 2025, falls to N119 trillion
Nigeria’s broad money supply declined for the second time this year, falling slightly to N119.01 trillion in May 2025, according ...
