Banking

FG Targets N800 Billion in February Bond Auction, Doubling Last Year’s Offer Amid High Borrowing Costs

by Victoria Attah

February 17, 2026

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Banking

CBN Lifts Forex Ban on Importation of Milk and Dairy Products

CBN Orders BDCs to Sell Dollar at N1,269/$ as Naira Maintains Steady Appreciation

March 26, 2024

The Central Bank of Nigeria (CBN) has instructed Bureau de Change (BDC) operators to sell the dollar at a rate...

Naira Surges Against US Dollar, Falls Below N1,000 Mark

Naira Strengthens to N1,400 on Parallel Market, N1,408 on Official Window

March 26, 2024

On Tuesday, the naira experienced a further appreciation in value at the parallel segment of the foreign exchange (FX) market....

CBN Supplies $29.5 Million at FX Auction as Naira Depreciates at I&E Window.

CBN Executes FX Sale to BDCs at Rate of N1,251 per Dollar

March 26, 2024

The Central Bank of Nigeria (CBN) has announced the commencement of the second tranche of sales of foreign exchange (FX)...

Dangote Bounces Back, Gains N313.2 Billion in 24 Hours Following Stock Losses

Naira’s Surge Elevates Aliko Dangote’s Wealth to $15.3 Billion

March 25, 2024

Aliko Dangote, Africa's wealthiest individual and the president of Dangote Group, has experienced a remarkable surge in his fortune amid...

EFCC Launches Task Force to Combat Naira Mutilation and Dollarization

Ex-banker faces trial for alleged N2.7 billion fraud, EFCC arraigns

by Akpan Edidong

March 25, 2024

In a significant development in the Nigerian legal landscape, the trial of Christopher Jackson Edeh, accused of involvement in a...

Asian Currencies Retreat as Chinese Data Points to Slower Growth

OPS Takes Legal Action Against Banks Over Rejected Forex Applications Worth $7bn

March 25, 2024

Some businesses operating under the umbrella of the Organised Private Sector of Nigeria (OPSN) are contemplating legal action against commercial...

U.S. Steps In on Emefiele Trial, Alleges Human Rights Violations

CBN Reports N193 Billion Missing from N10.3 Trillion Intervention Funds Under Emefiele

The Central Bank of Nigeria (CBN) has uncovered significant discrepancies in the management of intervention funds totaling N10.3 trillion during...

CBN Clears Forex Debt, Triggers New Exchange Rate Expectations

The Central Bank of Nigeria (CBN) has announced the successful clearance of all outstanding forex forward contracts, a move that...

CBN Lifts Forex Ban on Importation of Milk and Dairy Products

by Victoria Attah

In a significant policy shift, the Central Bank of Nigeria (CBN) has lifted the restriction on accessing foreign exchange for...

Key Pitfalls to Avoid in Forex Trading: Tips for Success

Banks Introduce Stricter Requirements for Forex Buyers, Demand Three-Year Tax Clearance