Tag
CENTRAL BANK OF NIGERIA
News and analysis about Central Bank of Nigeria
In May 2025, the naira appreciated against the US dollar in the official market, closing at N1,585.50/$1 on Friday, 30 May, up from N1,606.00/$1 on 2 May.
Currency held outside Nigeria’s banking system declined for the second time in 2025, falling to N4.57 trillion in April from N4.60 trillion in March, according to new data from the Central Bank of Nigeria (CBN).
Access Bank Plc has reaffirmed its commitment to enhancing financial inclusion for Nigerians in the diaspora, following the successful launch of the Non-Resident Bank Verification Number (NRBVN) platform by the Central Bank of Nigeria (CBN) and the Nigeria Inter-Bank Settlement System (NIBSS).
The naira began the week on a weaker footing, depreciating to N1,583/$1 on Monday at the official market.
Wema Bank has announced plans to raise N50 billion through a private placement, as part of its strategy to meet the N200 billion minimum capital requirement set by the Central Bank of Nigeria (CBN) for banks with national authorization.
The Manufacturers Association of Nigeria (MAN) has raised alarm over what it describes as the unjust treatment of its members by certain commercial banks in connection with unmet foreign exchange (Forex) forward obligations.
Chairman of First Holdco Plc, Femi Otedola, has credited President Bola Tinubu’s economic reforms and the Central Bank of Nigeria’s policy credibility under Governor Yemi Cardoso as the key reasons behind his N320 billion personal investment in First Bank.
The Central Bank of Nigeria (CBN) has voted to retain the Monetary Policy Rate (MPR) at 27.5%, following its latest Monetary Policy Committee (MPC) meeting.
The naira ended the week on a stronger note, appreciating slightly against the U.S. dollar to close at N1,599.01/$1 in the official foreign exchange market on Friday, according to data from the Central Bank of Nigeria (CBN).
The Central Bank of Nigeria (CBN) has announced that the 300th meeting of the Monetary Policy Committee (MPC) will take place on Monday, May 19, and Tuesday, May 20, 2025, at its headquarters in Abuja.
Zenith Bank shareholders have expressed frustration over the high penalties imposed on commercial banks by regulatory authorities, particularly the Central Bank of Nigeria (CBN).
The Federal High Court in Abuja on Friday rejected an interim restraining motion filed by eNaira Payment Solutions Limited against the Central Bank of Nigeria’s (CBN) use of the "eNaira" trademark.