Tag: Central bank of Nigeria
Nigeria’s Domestic Borrowing Rises to N24.7 Trillion
ABUJA, Nigeria — Nigeria’s federal government raised N24.7 trillion from the domestic market in the first eight months of 2026, almost twice the amount...
Tinubu Approves New Pension Structure for Nigerian Armed Forces
ABUJA, Nigeria — President Bola Tinubu has approved a revised pension structure for members of the Nigerian Armed Forces, covering personnel across the Army,...
Naira Opens New Week Near N1,337 to Dollar as Nigeria’s Foreign...
LAGOS, Nigeria — Nigeria’s naira is entering the new trading week near N1,337 to the U.S. dollar after strengthening in the official foreign exchange...
Cash Outside Nigerian Banks Falls to Seven-Month Low, CBN Data Shows
The amount of cash held outside Nigeria's banking system has fallen to a seven-month low, according to the latest data from the Central Bank...
CBN Keeps Interest Rate at 26.5%. What It Means for Nigerians
For many Nigerians, the Central Bank of Nigeria's latest interest rate decision will be felt far beyond bank boardrooms. It could determine whether a...
BREAKING: CBN Retains MPR Interest Rate at 26.5%
The Central Bank of Nigeria has retained its benchmark Monetary Policy Rate at 26.5 percent, maintaining its tight monetary policy stance as it...
PFIPC scandal raises questions over CBN approval of domiciliary accounts for...
Nigeria's financial authorities are facing renewed scrutiny after allegations emerged that the Central Bank of Nigeria opened domiciliary accounts for the Police Force Insurance...
Fraudsters Steal N134bn From Nigerian Banks, Customers – CBN
Nigeria’s banking sector and its customers lost more than ₦134 billion to fraud between 2020 and 2025, according to figures released by the Central...
Naira Strengthens to N1,372.31 Against Dollar
The naira continued its upward momentum against the dollar at the official foreign exchange market on Thursday, reflecting cautious optimism in Nigeria’s financial sector.
Data...
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...
