Tag: Central bank of Nigeria
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...
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...
