Naira strengthens to N1,345/$ as FX market stability improves despite reserve dip
The Nigerian naira extended its recent gains on Tuesday, appreciating to N1,345 per dollar at the official foreign exchange ...
Saturday, June 13, 2026
Tag: Central Bank of Nigeria
CBN caps new mobile banking transactions at N20,000 to curb fraud
The Central Bank of Nigeria (CBN) has introduced new security rules for digital banking platforms, including a N20,000 transaction cap ...
Nigeria builds gold reserves with local supply chain as CBN holdings hit $3.5bn
The Central Bank of Nigeria (CBN) is increasingly turning to domestically sourced gold to strengthen the country’s external buffers, expanding ...
Citing economic benefits, Buhari backs CBN’s naira redesign plan
BY CHUKS OLUIGBO The raging opposition to the Central Bank of Nigeria’s plan to redesign and replace N200, ...
CBN moves to provide sweeping oversight of foreign banks
By Onome Amuge Foreign banks and other financial institutions seeking to establish an approved representative office in Nigeria will be ...
CBN licences Premium Trust Bank raising number of banks in Nigeria
CHARLES ABUEDE The number of banks operating in Nigeria has again risen with commencement of operation by Premium Trust Bank ...
CBN taps Angbazo, GE’s Nigeria chief, as pioneer CEO of InfraCorp
BY Phillip Isakpa In what would be interpreted globally as a big steal, the Central Bank of Nigeria, the prime ...
BDCs wage operational war against forex speculators, black market dealers distorting the naira to global currency exchange rates
· Association says no speculator or street hawker will be allowed to perpetuate illegal exchange rate practices Charles Abuede Following ...
Covid-19 pressure holds Nigeria remittance inflows by jugular
Remittances remain significantly below 10-year historical average of $5.3bn Experts anticipate CBN sustains policy stance in 2021 to attract portfolio ...
CBN to resume dollar sale to BDCs on international flight restart
BY: Moses olajuwon Obajemu The Central Bank of Nigeria (CBN) will resume the sale of foreign exchange (dollar) to bureau ...
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