Naira Softens at N1,351 Against Dollar as Parallel Market Premium Widens
The Nigerian naira recorded a modest depreciation against the United States dollar in early trading on Thursday, April 23, 2026,...
Naira Opens New Trading Week with Slight Depreciation in Official Market
The Nigerian naira opened the new trading week on Monday, April 20, 2026, with a modest adjustment in the official...
Naira Hits Strongest Level Since Mid-February as Global Dollar Weakens
The Nigerian naira extended its recent rally on Wednesday, closing at N1,341.99 per US dollar in the official foreign exchange...
World Bank Approves $500 Million Loan to Boost Nigeria’s Agricultural Productivity and Food Security
The World Bank has approved a $500 million International Development Association (IDA) credit to support Nigeria’s agriculture sector through a...
US Cuts Nigerian Crude Imports by Nearly 50% in January 2026
The United States sharply reduced its imports of Nigerian crude oil in January 2026, with volumes dropping by 47.16% month-on-month,...
CBN Blacklists Chronic Loan Defaulters, Bars Them from Banking Services
The Central Bank of Nigeria (CBN) has imposed strict restrictions on banking services for “chronic defaulters” and large-ticket obligors with...
32 Banks Meet CBN Recapitalisation Targets Ahead of Deadline – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has announced that 32 banks have already satisfied the...
Federal High Court Nullifies CBN’s Dissolution of Union Bank Board, Orders Immediate Reinstatement
A Federal High Court in Lagos has nullified the Central Bank of Nigeria’s (CBN) decision to dissolve the board and...
CBN Lowers Yields on Two Tenors at March 25 Treasury Bills Auction Amid Liquidity Glut
The Central Bank of Nigeria (CBN) reduced interest rates on two key maturities at its Treasury Bills auction held on...
NGX Market Cap Drops Below N129 Trillion as Profit-Taking Weighs on Banking Stocks
The Nigerian Exchange Limited (NGX) reversed its recent upward momentum on Wednesday, March 25, 2026, as sustained profit-taking in major...
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