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CBN

CBN Further Raises Benchmark Interest Rate To 27.25%
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CBN Allows Use of Expired Drug Licences

Nigeria’s central bank has approved a temporary measure allowing importers to use expired drug regulatory licences to process import documentation, in a move aimed at preventing disruption to trade. The Central Bank of Nigeria (CBN) said licences issued by the National Agency
January 28, 2026
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CBN Revokes Licences of Aso Savings, Union Homes

The Central Bank of Nigeria (CBN) has revoked the operating licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc, two primary mortgage banks in Nigeria. The revocation, announced on Tuesday, December 16, 2025, through a statement
December 16, 2025
Naira Appreciates At Official Market As Dollar Supply Rises On Friday
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Dollar Rate Drops To N1,485/$ In Parallel Market

In the parallel market on Monday, the foreign exchange rate of the United States dollar (USD) decreased to N1,485 per $1, as the naira continues its rebound against the foreign currency. The naira appreciated against the American greenback by 0.33 percent, with
December 15, 2025
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