Tag: Central Bank of Nigeria

Nigeria’s external reserves have climbed to their highest point in six years, surpassing the $42 billion mark for the first time since September 2019. According to data released by the ...

The Central Bank of Nigeria (CBN) has reiterated its determination to drive productivity, enhance financial inclusion, and uphold monetary and price stability as part of efforts to strengthen the country’s ...

Nigeria’s vehicle import market has witnessed a dramatic surge in the first half of 2025, with the number of cars entering the country nearly doubling compared to the same period ...

The naira continued its upward trajectory on Wednesday, closing at N1,500.91 to the United States dollar at the official Nigerian Foreign Exchange Market. This marked a significant development as the ...

President Bola Tinubu has instructed Nigeria’s financial and capital market regulators to intensify surveillance on the growing use of stablecoins and other digital currencies, warning that the shift away from ...

Have you checked Nigeria’s current exchange rates lately? If you have, you're probably feeling the sting of the nation's currency crisis. It's like watching a car crash in slow motion – ...

Nollywood actress cum wife of Nigerian billionaire, Regina Daniels, has claimed she was unaware of the Naira scarcity during the Naira Redesign Policy by the Central Bank of Nigeria. It can ...

Bola Tinubu, the President of Nigeria has discussed that, his decision to eliminate the well-liked gasoline subsidy, though would add to the burden on the populace, it would free up ...

There’s a saying that “money makes the world go round.” Well, in Nigeria, Africa’s biggest economy, its world has been robbed of its ability to go round; citizens’ dreams and ...

In a televised address on Thursday, February 16, 2023, President Muhammadu Buhari said the old 200 naira ($0.43; £0.36) notes would remain legal tender for another 60 days. The announcement ...