Business Nigeria’s foreign exchange reserves hits $41bn Oluwadamilare Emmanuel Aug 21, 2025 Nigeria’s foreign exchange (FX) reserves rose to $41 billion on August 19 – the highest in four years. The current record marks…
Business ‘One of strongest currencies in world,’ CBN warns against… Oluwadamilare Emmanuel Aug 13, 2025 The Central Bank of Nigeria (CBN) has urged the public to protect the dignity of the naira. Hakama Sidi-Ali, acting director of…
Business Eight banks have met recapitalisation requirements, others in race to meet… Oluwadamilare Emmanuel Jul 23, 2025 The Central Bank of Nigeria (CBN) has confirmed that only eight banks have fully met their recapitalisation requirements. CBN…
Business CBN keeps interest at 27.5% for third time in 2025 Toyibat Ajose Jul 22, 2025 The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 27.5 per cent, along with all other policy…
Business CBN ends COVID-19 forbearance measures, directs banks to provide capital… Oluwadamilare Emmanuel Jul 9, 2025 The Central Bank of Nigeria (CBN) has issued a coordinated set of transitional measures to guide banks out of the regulatory…
Business Why Nigeria’s instant payment system is among world’s most advanced –… Oluwadamilare Emmanuel Jun 27, 2025 The Central Bank of Nigeria (CBN) has said the country’s instant payment infrastructure is one of the most advanced globally.…
Business Naira settles below ₦1,600 Alagbe Shenayon Jun 26, 2025 The naira traded below ₦1,600 in the parallel market on Wednesday, buoyed by forex interventions from the Central Bank of Nigeria…
Business BDC recapitalisation: CBN reacts to reports of extending deadline for… Oluwadamilare Emmanuel Jun 13, 2025 The Central Bank of Nigeria (CBN) has debunked reports of extending the deadline for the recapitalisation of bureau de change…
News CBN refutes report on BDC recapitalisation deadline Alagbe Shenayon Jun 12, 2025 The Central Bank of Nigeria (CBN) has refuted a circulating report claiming that the deadline for the recapitalisation of Bureau…
Business Recapitalisation: BDC operators seek extension as deadline approaches Oluwadamilare Emmanuel Jun 3, 2025 Bureau De Change (BDC) operators have appealed to the Central Bank of Nigeria (CBN) to extend the recapitalisation deadline and…