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Central Bank of Nigeria

Domestic investors power Bank recapitalisation with 72.5% of N4.65tn

By: Amarachi Okonkwo  The Central Bank of Nigeria (CBN) has announced that domestic investors contributed the majority of…

ByByAnyanwu Theresa Apr 2, 2026

CBN Grants Oil Firms Full Access to Export Forex Earnings

The Central Bank of Nigeria has approved unrestricted access to export proceeds for international oil companies (IOCs), allowing…

ByByAnyanwu Theresa Mar 27, 2026

Naira Weakens Slightly as External Reserves Decline

The Nigerian currency recorded a marginal depreciation, closing at N1,383.5 per dollar, as pressure on external reserves continues…

ByByAnyanwu Theresa Mar 25, 2026

CBN Mandates IMTOs to Open Naira Accounts to Strengthen FX Transparency

The Central Bank of Nigeria has directed all International Money Transfer Operators (IMTOs) to open and maintain naira…

ByByAnyanwu Theresa Mar 25, 2026
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CBN Targets 6–9% Inflation, Warns of External Risks

The Central Bank of Nigeria (CBN) has set a medium-term inflation target of 6 to 9 per cent…

ByByAnyanwu Theresa Mar 23, 2026

CBN Confirms FX Market Stability as Volatility Falls Below 0.5%-Cardoso

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has announced that foreign exchange (FX) market…

ByByAnyanwu Theresa May 21, 2025