Naira Falls at Official Market, Ends Two-Day Rally Against US Dollar
The Nigerian naira recorded its first loss against the US dollar at the official foreign exchange market this week,...
CBN
Senate Slams CBN, NUPRC, NDDC Over NEITI Probe Snub as FG Tightens Contract Spending Rules
Nigeria’s Senate has expressed outrage after key government agencies failed to appear before the Senate Public Accounts Committee investigating...
Banks Park N83.95tn with CBN as Borrowing Drops 82% Amid Tight Monetary Policy
Nigerian banks significantly increased the amount of money deposited with the Central Bank of Nigeria (CBN) in July 2026,...
Fake Agency Scandal: Detained ‘DG’ Blames FG Ministries, Demands Hearing Before Reps Panel
The controversy surrounding the alleged Presidential Foreign Investment Promotion Council took a fresh twist on Sunday as its self-acclaimed...
CBN: Nigeria’s Consumer Credit Falls 20% to ₦3.78tn, First Decline in Six Years
Nigeria’s consumer credit contracted for the first time in six years, dropping by 19.89 per cent to ₦3.78 trillion...
Naira Holds Steady Against Dollar as Official Rate Stays at ₦1,364.54, Black Market Trades at ₦1,425
The Nigerian naira remained largely stable against the United States dollar on Wednesday, July 29, 2026, as trading opened...
Naira Records Mixed Performance as Official Rate Slips to ₦1,382/$ While Black Market Strengthens
Nigeria’s currency posted a mixed outing on Wednesday as the naira exchange rate weakened slightly at the official market...
Ex-Zenith Bank Employee Tells Court He Processed Billions in Cash Deposits for Emefiele
Fresh testimony has emerged in the ongoing trial of former Central Bank of Nigeria (CBN) Governor Godwin Emefiele, with...
CBN Revokes Licences of 46 Microfinance Banks, Raising Fears Among Customers and Small Businesses
The revocation of the operating licences of 46 microfinance banks by the Central Bank of Nigeria (CBN) has sparked...
CBN Orders Banks to Freeze Accounts Linked to Six Terrorism Financing Suspects, Four BDC Firms
The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to immediately freeze accounts, assets and...
Zenith Bank Pays ₦410.69bn Dividend, Ovia Retires as Bello Takes Over Board Chairmanship
Zenith Bank has announced a landmark ₦410.69 billion dividend payout to shareholders following its 35th Annual General Meeting (AGM),...
Banks accused of double stamp duty charges as new tax laws spark outrage in Nigeria
Nigerians are raising fresh concerns over what they describe as double stamp duty deductions by commercial banks, barely days...
Nigeria to Seize Unregistered POS Terminals From January as CAC Places Fintechs Under Watch
A sweeping nationwide crackdown on unregistered Point-of-Sale (POS) operators will begin on 1 January 2026, the Corporate Affairs Commission...
Top News Across Nigeria Today: Visa Bans, Defence Shake-Up, New Cash Limits and Senate Demands Dominate Headlines
Major policy decisions, security concerns and economic updates shaped Nigeria’s news cycle on Thursday as the United States imposed...
CBN Revises Cash Policies: Removes Deposit Cap, Sets New Withdrawal Limits for Individuals and Corporates
The Central Bank of Nigeria (CBN) has overhauled its cash management policies, removing the cumulative deposit cap and introducing...
Dollar to Naira Exchange Rate Today, October 7, 2025: Naira Strengthens as FX Liquidity Improves
The naira showed renewed strength on Tuesday, October 7, 2025, trading in the mid-₦1,400 range across both official and...