Tag: Central bank of Nigeria
Dollar to Naira Hits N1,366 as Nigeria Battles Currency Pressures
On May 8, 2026, the Nigerian naira traded at about N1,366 per dollar in the official market, while parallel market rates ranged between N1,395...
Fresh Setback in Emefiele Corruption Case Over Missing Testimony
The corruption trial of former Central Bank of Nigeria Governor Godwin Emefiele has once again been delayed after prosecutors failed to produce a key...
Naira Appreciates in Parallel Market, Weakens in Official Trading
LAGOS, Nigeria (FN), The naira showed mixed fortunes on Monday, appreciating slightly in the parallel market but weakening in official trading. Dealers said the...
Nigerians Slam Govt Over 549m Dollars Loss to Medical Tourism
ABUJA, Nigeria (FN), Nigerians are criticizing the federal government over mounting financial losses to medical tourism, with new figures showing the country spent more...
Banks’ Bad Loans Spike After CBN Withdraws Forbearance
LAGOS (Jan. 2026) — Nigeria’s banking sector is facing renewed pressure as bad loans surged following the Central Bank of Nigeria’s (CBN) withdrawal of...
Nigeria’s Banking Sector Enters New Era of Strength as CBN Accelerates...
The Central Bank of Nigeria has reaffirmed that the country’s banking sector remains strong and resilient, even as it undergoes one of the most...
