Naira Weakness Pushes Foreign Currency Taxes to N6.33 Trillion in 2025
Nigeria’s tax receipts denominated in foreign currency rose sharply to N6.33 trillion in 2025, representing a 27.3% increase from N4.97 ...
Tag: CBN
CBN Maintains Restrictions on BDC Access to Official Forex Market Over Compliance Concerns
The Central Bank of Nigeria (CBN) has sustained its tight restrictions on Bureau De Change (BDC) operators’ access to the ...
Naira Drops to Three-Week Low at ₦1,361.5 per Dollar Amid Persistent FX Pressure
The Nigerian naira weakened to its lowest level in three weeks on Friday, as foreign exchange market pressures continued to ...
Nigeria’s External Reserves Drop by $731 Million in Early April
Nigeria’s foreign exchange reserves came under renewed pressure in April 2026, declining by approximately $731 million within the first three ...
Naira Slips to Fresh Low of ₦1,364.24/$ at Official Window
The Nigerian naira continued its recent decline against the US dollar at the official foreign exchange market on Monday, April ...
Naira Depreciates Further Against US Dollar at Official Market
The Nigerian naira weakened against the US dollar at the official foreign exchange window on Friday, April 24, 2026, extending ...
CBN Warns Public of Fraudulent Links Targeting Bank Accounts.
The Central Bank of Nigeria (CBN) has issued a public alert regarding fraudulent messages and malicious links circulating online, designed ...
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 ...
CBN Controversial Law – Is This Protecting Lenders or Shielding the Powerful?
The Central Bank of Nigeria (CBN) has sparked fresh debate in the financial sector with a bold proposal that could ...
CBN Tightens Oversight on Digital Finance as Nigeria’s Fintech Boom Accelerates
As Nigeria’s digital finance sector experiences explosive growth, the Central Bank of Nigeria (CBN) is stepping up its regulatory efforts ...
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CBN Maintains Restrictions on BDC Access to Official Forex Market Over Compliance Concerns
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