The naira traded mixed on Monday, holding steady at the official foreign exchange window while slipping…
Tag: CBN
Court Rules Against CBN, AGF in Osun State LGA Funds Case
A Federal High Court in Abuja on Friday, October 17, 2025, dismissed preliminary objections filed by…
FCCPC Backs CBN’s 48-Hour Refund Policy for Failed ATM Transactions
The Federal Competition and Consumer Protection Commission (FCCPC) has expressed strong support for the Central Bank…
CBN, Accountant-General Deny Diverting Osun LG Funds to Sacked APC Officials
Cynthia Ezegwu The Central Bank of Nigeria (CBN) and the Office of the Accountant General of…
World Bank Praises Nigeria’s Grassroots Economy as CBN Rate Cut Targets Growth
The World Bank has commended Nigeria’s grassroots economic initiative, calling it a key strategy for strengthening…
CBN Warns Naira Abuse Driving Up Cost of Printing
The Central Bank of Nigeria (CBN) has raised fresh concerns that the abuse and mishandling of…
CBN Cuts Interest Rate by 50 Basis Points to 27%
The Central Bank of Nigeria (CBN) has reduced its benchmark interest rate by 50 basis points,…
CBN Orders Geo-Tagging of All PoS Terminals to Curb Fraud
The Central Bank of Nigeria has ordered that all Point of Sale (PoS) terminals across the…
Nigeria’s External Reserves Climb to $41 Billion, Highest in 44 Months — Presidency Credits Prudent Management
Nigeria’s external reserves have risen to $41 billion, the highest level in nearly four years, according…
Naira Falls to ₦1,560 in Black Market, Gains in Official Trading
The naira on Friday slipped further in the parallel market, trading at ₦1,560 per dollar compared…