11 articles tagged with “CBN”
Nigeria's Central Bank Governor, Olayemi Cardoso, projects diaspora remittances to reach $1 billion monthly by end-2026, citing FX market reforms that have restored stability and boosted confidence.
The Central Bank of Nigeria has deployed a digital monitoring system to track all retail foreign exchange transactions conducted by Bureau De Change operators, aiming to enhance transparency and oversight in the FX market.
Economists are split on the Central Bank of Nigeria's upcoming interest rate decision as conflicting inflation data shows headline inflation easing while food prices rise.
The Nigerian naira weakened to N1,420 per US dollar in the parallel market on Monday, down from N1,406 last weekend, according to Vanguard News.
The Central Bank of Nigeria has reiterated that existing ₦100 banknotes remain legal tender, warning that refusing them violates the CBN Act and undermines confidence in the national currency.
The Central Bank of Nigeria has reaffirmed the legal tender status of the standard N100 banknote, warning that refusal to accept it violates the CBN Act and undermines confidence in the national currency.
The Central Bank of Nigeria has reaffirmed that the standard N100 banknote remains legal tender, following reports of public rejection.
The Nigerian naira depreciated to N1,410 per dollar in the parallel market on Monday, driven by rising demand for the U.S. dollar, according to Business Day. The currency further weakened to N1,405 the following day, Vanguard News reported.
The Nigerian naira strengthened to N1,395 per US dollar in the parallel market on July 3, 2026, up from N1,403 the previous day, according to Vanguard News.
The Central Bank of Nigeria has revoked the operating licenses of 46 microfinance banks, prompting renewed calls for a comprehensive update to the sector’s regulatory framework.
The Nigeria Deposit Insurance Corporation has begun paying depositors and taking control of assets following the Central Bank of Nigeria's revocation of licenses for 46 microfinance banks.