Nigerian Crude Oil Approaches $120 per Barrel as Middle East Tensions Escalate
Nigerian crude oil prices have climbed sharply, edging closer to the $120 per barrel mark as the conflict in the ...
Tag: CBN
CBN’s 50% CRR Policy Costs Nigerian Banks N2.5 Trillion in Annual Earnings – Report
Nigerian banks are losing approximately N2.5 trillion in potential earnings every year due to the Central Bank of Nigeria’s high ...
CBN Unveils Revised Foreign Exchange Manual, Set to Take Effect June 1
The Central Bank of Nigeria (CBN) has officially launched the fourth edition of its Foreign Exchange Manual, introducing updated guidelines ...
Equities Market Hits Fresh All-Time High as Bulls Maintain Dominance
The Nigerian equities market continued its impressive run on Wednesday, setting a new record high as strong buying interest in ...
CBN Cautions Non-Interest Banks Against Governance and Compliance Weaknesses
The Central Bank of Nigeria (CBN) has issued a strong warning to non-interest financial institutions to strengthen their governance and ...
Naira Strengthens Sharply, Breaches N1,400 Mark as Forex Inflows Surge
The Nigerian naira has delivered one of its strongest performances in recent months, breaking below the key psychological level of ...
Nigeria’s FX Market Turnover Hits $10 Billion in April as Naira Strengthens
Nigeria’s foreign exchange market recorded improved liquidity in April 2026, with total turnover reaching $10 billion, according to data from ...
Naira Strengthens Further Against US Dollar, Approaches N1,350 Level
The Nigerian naira continued its recent recovery against the US dollar in the official foreign exchange market on Wednesday, driven ...
NGX Market Capitalisation Drops N1.35 Trillion as Profit-Taking Triggers 0.86% Decline
The Nigerian Exchange (NGX) came under significant selling pressure on Tuesday, May 6, 2026, as investors booked profits on major ...
Naira Weakens as CBN Slashes FX Intervention by 83% in April
The Nigerian naira came under mild pressure at the official foreign exchange market on Tuesday, closing at N1,366.56 per US ...
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Nigerian Crude Oil Approaches $120 per Barrel as Middle East Tensions Escalate
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