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CBN

Naira Records Mixed Fortunes In Official, Black Markets

The value of the naira appreciated marginally by 0.05 percent following a N0.75 kobo decrease in the foreign exchange (FX) rate of the United States dollar (USD) in the Nigerian foreign exchange market (NFEM), on Wednesday, January 14. In an NFEM data

January 14, 2026

Business·News

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

Business·Top Stories

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

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today

Business·Top Stories

Gap Between Official Window, Parallel Market Dollar Rates Drops To N34

The gap between the exchange rates for the United States dollar (USD) in the official window and the parallel market reduced from N49.75 kobo on Thursday, December 11, to N34.47 kobo on Friday, December 12. According to the Naira Rate data, the

December 12, 2025

ATM Withdrawal Fee: Crisis In Making For Small Businesses?

Business·Top Stories

CBN Raises ATM, POS Cash Withdrawal Limit, Issues 10 Directives To Banks

The Central Bank of Nigeria (CBN) has increased the cash withdrawal limit on automated teller machines (ATMs) and point of sale (POS) devices to N500,000 weekly for individuals and N5 million for corporates. In a statement on December 2, CBN also said

December 3, 2025

FX Market: Naira Opens Week With Decline

Business

Naira Appreciates Against Dollar To N1,474.9/$ In Parallel Market

The dollar rate dropped by N5.1 kobo or 0.34 percent on Wednesday, November 26, after the naira appreciated against the United States currency in the parallel market. The dollar exchanged at N1,474.9/$ in the black market, compared to the N1,480 the greenback

November 26, 2025

CBN Further Raises Benchmark Interest Rate To 27.25%

Business·Markets

CBN Holds Interest Rate At 27% — Fourth Time In 2025

The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has retained the monetary policy rate (MPR), the benchmark for interest rate, at N27 percent. Key Decisions: At the end of the 303rd MPC meeting held on November 24th &

November 25, 2025

Africa·Business·Finance & Economy·News·Top Stories

CBN, Bank of Angola Sign MoU to Strengthen Bilateral Financial Cooperation

The Central Bank of Nigeria (CBN) and the Bank of Angola have signed a Memorandum of Understanding (MoU) aimed at deepening bilateral cooperation and technical exchange between the two financial institutions. The agreement, signed on Thursday, October 16, 2025, seeks to promote

October 17, 2025

News

CBN’s Geo-Tagging Directive: A Threat to Nigeria’s Financial Inclusion?

Dr. Marcel Mbamalu The Central Bank of Nigeria’s recent directive to geo-tag all Point of Sale (POS) machines to a 10-meter accuracy has sparked concerns about the impact on financial inclusion, particularly in rural areas and informal communities. While the move aims

September 3, 2025

Business·News

Nigeria’s Tier-2 Banks Brace for CBN Recapitalisation Shake-Up

Nigeria’s mid-sized banks – Wema Bank, Sterling Bank, First City Monument Bank (FCMB), Stanbic IBTC Bank, and Fidelity Bank – are under mounting pressure to scale up operations as the Central Bank of Nigeria’s (CBN) 2026 recapitalisation deadline looms. A new report

September 2, 2025

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CBN

Naira Records Mixed Fortunes In Official, Black Markets

CBN Revokes Licences of Aso Savings, Union Homes

Dollar Rate Drops To N1,485/$ In Parallel Market

Gap Between Official Window, Parallel Market Dollar Rates Drops To N34

CBN Raises ATM, POS Cash Withdrawal Limit, Issues 10 Directives To Banks

Naira Appreciates Against Dollar To N1,474.9/$ In Parallel Market

CBN Holds Interest Rate At 27% — Fourth Time In 2025

CBN, Bank of Angola Sign MoU to Strengthen Bilateral Financial Cooperation

CBN’s Geo-Tagging Directive: A Threat to Nigeria’s Financial Inclusion?

Nigeria’s Tier-2 Banks Brace for CBN Recapitalisation Shake-Up

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