Currencies

Naira Slips for Third Straight Session as Reserves Dip Below $50 Billion Mark

March 23, 2026

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Currencies

Cryptocurrency

$26 Billion for unidentified source passed through Binance-Cardoso

by Bolarinwa Mathew

In a recent Monetary Policy Committee (MPC) press conference, Central Bank of Nigeria (CBN) Governor, Yemi S, emphasized the need...

NEC Affirms CBN $3 Billion Loan for Naira Stability

CBN Debunks Claims of Weekly FX Sales to Bureau De Change Operators

The Central Bank of Nigeria (CBN) has issued a statement refuting recent rumors circulating regarding the resumption of weekly sales...

Cryptocurrency

Dollar Retreats as Bitcoin Surges, Yen Gains on Inflation Data

by Bolarinwa Mathew

On Tuesday, the dollar experienced a decline as investors awaited crucial U.S. economic data that would offer insights into the...

Investment Bankers Applaud CBN Reforms Amidst Challenges, Embrace Growth Opportunities

Inflation, FX Liquidity Challenges, Others Top Agenda As MPC Makes Crucial Decisions Tuesday

by Jide Omodele

The Central Bank of Nigeria's (CBN) Monetary Policy Committee (MPC) is set to reveal the outcome of its first meeting...

CBN – FG incurred N930.8bn Fiscal Deficit in January and February 2023.

Banking

CBN Injects Over $300 Million into Banks as Naira Sees Uptick

Amidst concerted efforts to stabilize the naira-dollar exchange rate, the Central Bank of Nigeria (CBN) has injected over $300 million...

CBN Proposes $10,000/year Limit on Foreign School Fees via BDCs

by Jide Omodele

The Central Bank of Nigeria (CBN) is set to implement stringent measures concerning the purchase of foreign currencies through Bureau...

CBN to Release Full List of Licensed Bureau De Change Operators

Banking

BDCs Set Terms for Compliance with CBN Directive

The Association of Bureau De Change of Nigeria (ABCON) has responded to the recent directive issued by the Central Bank...

Banking

CBN’s 293rd MPC Meeting Commences: Addressing Nigeria’s Economic Challenges

Today marks the commencement of the 293rd Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN), with...

Nigerian Stocks Set for Strong 2024 Performance

Business

CBN Removes Over N1 Trillion Excess Cash from Access Bank, Zenith, and Others

In a bid to address the persistent challenges facing the Nigerian economy, the Central Bank of Nigeria (CBN) has taken...

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

CBN Guideline Prompt BDCs to Mull Mergers Amidst Capital Increase