NDIC Accelerates Payouts for Failed Banks: BVN Link Now Key to 72-Hour Access
The Nigeria Deposit Insurance Corporation (NDIC) has significantly sped up the process of reimbursing depositors when a bank fails, promising...
CBN Reopens Official FX Window to Licensed BDCs with $150,000 Weekly Purchase Cap
The Central Bank of Nigeria (CBN) has granted licensed Bureau De Change (BDC) operators renewed access to the Nigerian Foreign...
CBN Governor Cardoso Warns Excess Liquidity and 2027 Elections Threaten Nigeria’s Hard-Won Stability
The Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has issued a stark warning that the combination of persistent excess...
Naira Opens February at N1,354.9/$ in Official Market , Strongest Level Since May 2024
The Nigerian naira kicked off February 2026 with a robust performance in the official foreign exchange market, closing Monday at...
CBN Fully Deploys S4 Platform as Exclusive Gateway for Government Securities Auctions
The Central Bank of Nigeria (CBN) has confirmed the complete operational rollout of its Scripless Securities Settlement System (S4) as...
Larger Disparities Boom Between Black Market and Official Rates
The gap between Nigeria’s official and parallel (black market) exchange rates has widened to over 6%, reviving fears of renewed...
Naira Surges to N1,358.91/$ in Official Market, Strongest Level in Nearly Two Years
The Nigerian naira delivered its strongest official-market performance in nearly two years on Tuesday, closing at N1,358.91 per US dollar...
Government Securities Now 11% of Nigerian Banks’ Assets as Credit Growth Lags
Nigerian banks’ exposure to government securities has risen sharply in recent years, now accounting for approximately 11% of their total...
Naira Closes January at N1,386.55/$ in Official Market, Strongest Level in Nearly Two Years
The Nigerian naira ended January 2026 on a firm footing, closing the official foreign exchange market at N1,386.55 per US...
Naira Opens February Stronger at N1,384.5/$ in Official Market
The Nigerian naira kicked off February 2026 on a firm note, appreciating to N1,384.5 per US dollar in the official...
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