Central Bank of Nigeria
CBN Says Bank Recapitalisation Key To $1 Trillion Economy Target
The Central Bank of Nigeria (CBN) has said that ongoing banking sector reforms, particularly the recapitalisation exercise, are critical to achieving the country’s...
CBN Builds Economic Buffers To Protect Nigeria From Oil Price Shock
The Central Bank of Nigeria (CBN) has unveiled a series of policy measures to shield the nation’s economy from the ongoing global oil...
External Reserves Hit Six-Year High on Forex Inflows
Nigeria’s gross external reserves have surged to $42 billion, marking their highest level in six years and boosting hopes of improved economic stability....
Tinubu’s Economic Agenda Boosts Naira as Chinese Traders Accept Local Currency
The Special Adviser on Information and Strategy to President Bola Ahmed Tinubu, Mr. Bayo Onanuga, has expressed optimism over the resilience of the...
CBN Clarifies Voluntary Nature of 2024 Early Exit Package Amid Northern Staff Concerns
The Central Bank of Nigeria (CBN) has reaffirmed that its 2024 Early Exit Package (EEP) for staff was implemented purely on a voluntary...
Naira Experiences Slight Appreciation Against Dollar, Closing Trading Week at N1,534.72
In a positive turn of events for Nigeria’s currency market, the Naira finished the week with a modest gain against the U.S. dollar....
Naira Faces Pressure Despite Strategic CBN Intervention
The Nigerian naira closed out the last trading week on a weakened footing at the official foreign exchange market, experiencing a subtle depreciation...
Naira Depreciates to N1,585 per Dollar in Parallel Market Amid Mixed Exchange Rate Movements
The Nigerian naira weakened further in the parallel market on Tuesday, trading at N1,585 per US dollar, a decline from N1,570 per dollar...
LCCI Cautions Nigeria on Inflation Despite Recent Easing
The Lagos Chamber of Commerce and Industry (LCCI) has urged Nigeria to maintain focus on addressing the underlying causes of inflation, even as...