Central Bank of Nigeria
Naira Breaks N1,400/$1 Barrier on Official Market After Over a Year
Nigeria’s naira has traded below the N1,400 to the dollar mark on the official foreign exchange market for the first time in over...
CBN Allows Temporary Use of Expired NAFDAC Licences for Imports
The Central Bank of Nigeria (CBN) has approved a temporary window allowing importers to use expired National Agency for Food and Drug Administration...
Naira Strengthens Against Dollar, Maintains Positive Momentum in Official Market
The Nigerian Naira maintained its positive momentum against the U.S. Dollar during mid-week trading on Wednesday, January 28, 2026, continuing a trend of...
CBN Resolves 9,771 Bank Customer Complaints in H1 2025 Amid Surge in Reports
The Central Bank of Nigeria (CBN) has resolved 9,771 out of 10,704 bank customer complaints received in the first half of 2025 (H1’25),...
CBN Sets New Minimum Standards for ATM Deployment and Operations
The Central Bank of Nigeria (CBN) has introduced new minimum standards for the deployment, operations, maintenance, and security of Automated Teller Machines (ATMs)...
Nigeria’s PAPSS Transactions Drop 53% as Cross-Border Payments Decline in H1 2025
Nigeria’s participation in the Pan-African Payment and Settlement System (PAPSS) witnessed a sharp slowdown in the first half of 2025, with the value...
AMCON Cash Recoveries Rise Nearly 28% to N66.12bn in H1 2025
The Asset Management Corporation of Nigeria (AMCON) recorded a significant improvement in its recovery performance in the first half of 2025, as cash...
Akwa Ibom Governor Flags Off Ibom CNG Mass Transit Terminal in Uyo
Akwa Ibom State Governor Umo Eno has officially flagged off the construction of the Ibom CNG Mass Transit Terminal at Ikot Ekpe Offot,...
Digital Payments Surge 276% in Nigeria, But Cash Remains Critical – CBN
Digital payment transactions in Nigeria have surged by 276 per cent in volume over the past five years, highlighting rapid adoption of electronic...
Jigawa State Approves N1 Billion Recapitalisation for State-Owned Savings and Loans Firm
The Jigawa State Executive Council has approved a N1 billion recapitalisation of Jigawa Savings and Loans Limited to strengthen its financial position and...
