Naira Strengthens to N1,329.80 per Dollar Officially and N1,390 on Parallel Market
The naira gained against the dollar in both official and parallel foreign exchange markets on Monday, opening the week on ...
Tag: CBN
Cash Outside Banks Rises to N4.87 Trillion in August After Three-Month Decline
Cash held outside Nigeria’s banking system increased to N4.87 trillion in August 2026, reversing three consecutive months of decline, according ...
Foreign Reserves Climb $12.76 Billion in a Year, Gain $708 Million in September
Nigeria’s gross foreign exchange reserves rose by $12.76 billion year-on-year to $54.61 billion as of 14 September 2026, reinforcing the ...
Naira Weakens to N1,329.15 per Dollar as Demand Rises
The naira slipped to N1,329.15 per dollar in the official foreign exchange market as renewed demand for international payments weighed ...
CBN Warns Banks and Fintechs That One Weak Link Can Destabilise the Entire System
The Central Bank of Nigeria has urged banks, fintechs and other financial institutions to treat cybersecurity and third-party technology risks ...
N4.66 Trillion Liquidity Surplus Eases Funding Pressure on Banks
Nigeria’s money market faced less funding pressure last week after excess liquidity in the banking system rose to N4.66 trillion, ...
External Reserves Climb Above $54 Billion, Highest Level in 18 Years
Nigeria’s external reserves crossed the $54 billion mark on 3 August 2026, reaching their highest level in 18 years. Central ...
Naira Strengthens to N1,315 per Dollar at Official Market
The naira rose to N1,315 against the US dollar on Thursday in the official foreign exchange market. Data from the ...
Eurobond Yields Reach 8.2% as Investors Price in Long-Term Sovereign Risk
Nigeria’s dollar-denominated Eurobonds are trading at yields of up to 8.2 per cent, underscoring the premium international investors continue to ...
SEC Proposes N3 Billion Minimum Capital for Forex Brokers, N5 Billion for Trading Platforms
The Securities and Exchange Commission has proposed a new regulatory framework for online forex trading and Contracts for Difference, setting ...
