CBN
Nigeria’s Net Domestic Assets Rise to N94.7 Trillion Amid Economic Pressures
Nigeria’s Net Domestic Assets increased significantly by 21.2 percent year on year to N94.742 trillion in February 2026, up from N78.177 trillion recorded...
Pound Strengthens Against Naira as New Trading Week Opens with Gains
The British Pound Sterling began the trading week on a strong note against the Nigerian Naira, highlighting ongoing fluctuations in global currency markets...
CBN Removes Cash Pool Rule for Oil Companies to Boost Forex Market
The Central Bank of Nigeria has officially removed the cash pool requirement previously imposed on export proceeds of International Oil Companies, marking a...
CBN Wins Central Bank of the Year Award for firm Nigerian Economy
The Central Bank of Nigeria has been named Central Bank of the Year by Central Banking magazine, recognising sweeping reforms that restored macroeconomic...
Nigeria Balance of Payments Falls Sharply Amid Oil Revenue Decline in 2025
Nigeria external sector came under pressure in 2025 as the country Balance of Payments surplus dropped significantly reflecting deep structural challenges in trade...
High Loan Rates Worry Nigerians Despite Economic Optimism CBN Survey Reveals
A new survey by the Central Bank of Nigeria has revealed that a significant number of Nigerians perceive borrowing costs as too high,...
Naira Appreciates Against Dollar Across Official And Parallel Markets
The Nigerian currency recorded gains on Tuesday as the naira appreciated in both the parallel market and the official foreign exchange window, signaling...
Court Fines EFCC N500000 Over Delays in Emefiele Trial
Justice Hamza Muazu of an Abuja High Court has imposed a N500000 fine on the Economic and Financial Crimes Commission over repeated delays...
CBN Directs Banks to Block Loan Defaulters from Accessing New Credit
The Central Bank of Nigeria CBN has directed commercial banks to block loan defaulters, particularly large-ticket borrowers, from accessing new credit facilities. The...
CBN Confirms 30 Banks Meet Revised Minimum Capital Requirements
The Central Bank of Nigeria has announced that 30 banks have successfully met the revised minimum capital requirements under its ongoing recapitalisation programme....
