IMTO Inflows Skyrocket by 63.7% in Nine Months Following CBN Reforms
The Central Bank of Nigeria’s (CBN) latest data has revealed a remarkable 63.7% surge in inflows from international money transfer ...
Tag: Central Bank of Nigeria
Nigeria’s Money Supply Surges 51% to ₦108.96 Trillion Amid Rising Debts
Nigeria's Broad Money Supply (M2) surged by 51% year-on-year (YoY) to reach ₦108.96 trillion in November 2024, driven by increasing ...
Naira Starts 2025 on a Weak Note, Trades at N1,541.36/$
The Nigerian naira began 2025 with a slight depreciation, closing at N1,541.36/$ on the first trading day of the year. ...
Naira Strengthens to N1540/$ Further as EFEMS Enhances Transparency
The Nigerian naira appreciated against the dollar for the third consecutive day on the Enhanced Foreign Exchange Market System (EFEMS), ...
Naira Strengthens to N1,670 as CBN’s New Forex Platform Boosts Supply
The Nigerian naira experienced a significant appreciation in the parallel market, closing at N1,670/$1 on Wednesday, December 4, 2024. This ...
CBN Mandates Banks to Obtain Approval Before Altering Core Banking Systems
Nigeria’s Central Bank (CBN) has issued a new directive requiring commercial banks to secure regulatory approval before making changes to ...
Currency Outside Banks Sees Massive Surge as N1.6 Trillion Leaves Bank Vaults
Recent statistics from the Central Bank of Nigeria (CBN) reveal a striking increase in the amount of currency circulating outside ...
Nigeria’s Money Supply Reaches N108.9 Trillion, Up 68% Year-On-Year
In a significant economic development, Nigeria's money supply (M3) soared to N108.95 trillion in September 2024, marking a 62.8% increase ...
Banking Stocks Surge to N7.91 Trillion as Recapitalization Efforts Progress
The Nigerian banking sector has seen a significant boost in market capitalization, reaching N7.91 trillion at the end of trading ...
CBN Governor Reports Sharp Decline in Market Volatility Due to FX Reforms
Central Bank of Nigeria (CBN) Governor Yemi Cardoso has highlighted a notable decline in market volatility, which he attributes to ...
Popular Story
States and FCT Collect N2.64 Trillion in PAYE as Payroll Taxes Surge
Kakao Pay Cuts IPO to $1.3 Billion As Valuation Concerns Grow
PayPal to acquire buy now pay later firm Paidy in $2.7B deal
OPay Estimates 57.4% Share of Nigeria’s Digital Loan Disbursements in 2025
Jeff Bezos Climbs to World’s Second-Richest as Fortune Surges $122 Billion
