Cash Outside Banks Falls by N486 Billion to Seven-Month Low
Currency held outside Nigeria’s banking system dropped to its lowest level in seven months in June 2026, signalling a gradual ...
Tag: CBN
Nigeria’s FX Market Hits Record $4.4 Billion Weekly Turnover
Nigeria’s foreign exchange market recorded its highest weekly turnover of 2026, with total transactions in the FX Spot and Derivatives ...
Banks’ Maximum Lending Rate Eases to 33.16% in June
Nigeria’s average maximum lending rate declined to 33.16% in June 2026, down from 34.78% in May, offering a slight reduction ...
Naira Strengthens as FX Turnover Hits Record $1.5 Billion in a Single Day
The Nigerian naira posted gains against the US dollar on Tuesday, July 21, 2026, as the foreign exchange market recorded ...
CBN Keeps Benchmark Rate at 26.5% as MPC Maintains Tight Monetary Policy
The Central Bank of Nigeria (CBN) has decided to retain the Monetary Policy Rate (MPR) at 26.5%, maintaining its tight ...
Foreign Reserves Cross $52 Billion, Highest Level in 17 Years
Nigeria’s external reserves have reached $52.02 billion, marking the highest level recorded in more than 17 years and surpassing the ...
Nigeria’s $40 Billion Blockchain Ambition Lags as Focus Shifts to Crypto Regulation
Nigeria’s national blockchain policy, launched three years ago with the potential to generate up to $40 billion in economic value, ...
Naira Strengthens to N1,375/$ in Official Market Amid Improved Trading Conditions
The naira appreciated against the US dollar on Tuesday, July 21, 2026, closing at N1,375.3083 per dollar in the official ...
Dollar Shortage Widens Spread Between Official and Parallel FX Rates
Nigeria’s foreign exchange market is facing renewed pressure as the gap between the official and parallel market rates has widened ...
FG to Issue N729 Billion Bond to Settle Legacy Debts Owed to Power Generators
The Federal Government is set to raise approximately N729 billion through a second sovereign bond issuance to clear verified legacy ...
