World Bank: Naira Shows Greater Resilience Than Many African Currencies
The naira ranked among the more resilient African currencies in the second quarter of 2026, even as geopolitical tensions and ...
Tag: CBN
Naira Extends Gains Against Pound, Settles at N1,767
The naira continued its recent appreciation against the British pound, closing at N1,767 per pound on the official market on ...
Naira Weakens to N1,331.69 at Official Window as Parallel Market Eases
The naira lost ground against the US dollar on Monday, 5 October 2026, trading at N1,331.6875 per dollar on the ...
CBN Returns N10.89 Trillion via OMO Maturities in September but Withdraws N6.62 Trillion Net
The Central Bank of Nigeria repaid approximately N10.89 trillion to the banking system in September 2026 through the maturity of ...
Nigeria Surpasses Financial Inclusion Target, Yet Tens of Millions Remain Financially Fragile
Nigeria’s formal financial inclusion rate climbed to 73 per cent in 2026, exceeding the 70 per cent goal set under ...
Banks Hold Off on Lowering Loan Rates Nearly a Week After CBN’s 350-Point Cut
Nigerian banks have yet to reduce lending rates almost a week after the Central Bank of Nigeria lowered the Monetary ...
NFEM Turnover Drops 17.7% to $2.25 Billion as CBN Lowers Benchmark Rate to 23%
Turnover on the Nigerian Foreign Exchange Market declined 17.7 per cent week-on-week to $2.25 billion in the week ended 25 ...
CBN Prepares for N8.57 Trillion Liquidity Influx as OMO and Bond Maturities Hit Banks
Nigeria’s banking system is set for a sharp rise in liquidity this week, with net cash levels potentially climbing to ...
FG and CBN Sign Six-Point Agreement to Curb Inflation and Stabilise Fuel Prices
The Federal Ministry of Finance and the Central Bank of Nigeria have formalised a Memorandum of Understanding that sets out ...
Banking System Liquidity Falls N3.86 Trillion as CBN Open Market Operation Drains Cash
Nigeria’s banking system liquidity dropped by N3.86 trillion on Thursday after the Central Bank of Nigeria carried out a fresh ...
