CBN

Nigeria’s Non-Oil Exports Surge 30.39% to US$2.66 billion in Q1 2025

Nigeria’s Non-Oil Exports Surge 30.39% to US$2.66 billion in Q1 2025

Nigeria’s non-oil exports surged 30.39% to US$2.66 billion in Q1 2025, signaling a push towards a more diversified economy away… Read More

2 weeks ago

Naira Holds at N1,549, as Oil Prices Rise, Dollar Hits Lowest Since 2022

The naira maintained its stability, closing at N1,549.2616 per U.S. dollar, nearly unchanged from its prior rate of N1,549.0368, according… Read More

3 weeks ago

Nigerian Bank Stocks Plunge as CBN’s Forbearance Phases Out, Halts Dividends to Bolster Reserves

Nigerian bank stocks plummeted on June 16, 2025, following a Central Bank of Nigeria (CBN) directive barring certain banks from… Read More

4 weeks ago

CBN Pumps $428m into Forex Market to Defend Naira in less than 2 weeks

In a decisive bid to bolster the Nigerian naira, the Central Bank of Nigeria (CBN) pumped $428 million into the… Read More

4 weeks ago

Naira Strengthens to N1539.72/$1 In the Official Market Amid Robust FX Supply

The naira has surged to N1539.7248 per US dollar on the Central Bank of Nigeria's official foreign exchange platform. This… Read More

1 month ago

CBN Denies BDC Recapitalisation Deadline Extension, Stands Firm on June 2025

The Central Bank of Nigeria (CBN) has categorically dismissed reports claiming an extension of the Bureau De Change (BDC) recapitalisation… Read More

1 month ago

How Fintechs Operate in Nigeria

In 2019, Nigerian tech start-ups attracted a staggering US$747 million in venture capital, a 585.3% surge from 2016. How are… Read More

1 month ago

Naira Gains at Official Markets, But BDC Challenges and Reserves Dip Pose Risks

The naira appreciated to N1,565/$1 in the official market on Wednesday, marking a 0.8% gain from Tuesday’s rate of N1,579/$1,… Read More

1 month ago

Nigerian Stocks Open Flat as Traders Await MPC Outcome, Naira Strengthens

Despite strong market breadth and a surge in trading activity, the Nigerian Exchange (NGX) began the week largely flat, as… Read More

2 months ago

Naira Extends Gains Against Dollar, Closes at N1,596.70

The Nigerian Naira extended its gains against the U.S. Dollar on Wednesday, appreciating by 0.21% to close at N1,596.70 per… Read More

2 months ago

CBN Launches Non-Resident BVN (NRBVN) For Nigerians in Diaspora

The Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS), has launched the Non-Resident BVN… Read More

2 months ago

CBN Injects $197m as Naira Hits Record Low; Ekekwe Urges Exchange Rate Peg at ₦1,200/$

The Central Bank of Nigeria (CBN) on Friday intervened in the foreign exchange market, injecting $197.71 million to stem the… Read More

3 months ago