CBN - Central Bank Of Nigeria
Dollar crashes again: Official, black market exchange rates now equal
For the first time since 2023, the official and unofficial foreign exchange rates are at par, giving credence to the CBN's recent policies to stabilize the market.
CBN retains interest rates at 27.5%, Nigerian banks release savings rates
The Central Bank of Nigeria, Monetary Policy Committee (MPC) has decided to retain the Policy Rate (MPR) which means that banks' lending rate will not change.
Corporate taxes, others push Nigeria’s non-oil revenue to N1.9trn, 53% higher than target
In an interesting development, Nigeria's non-oil revenues have surpassed the growth target set, hitting N1.9 trillion. This means non-oil revenues now account for...
Experts react as CBN tells bank directors to step down over non-performing loans
the directive by CBN requireing bank directors who had non-performing insider-related debts to quit their jobs right once has drawn reaction from experts.
Dollar falls in all markets as naira trades at new Rate, experts task FG to take action
The naira experienced an improved performance against the US dollar in all foreign exchange markets on Wednesday, February 19, 2025 compared to the previous day.
Nigerians rush to First Bank, Access, others to activate accounts as dormant users increase
There are around 19.69 million dormant bank accounts in Nigeria, according to the customer account database maintained by the Nigeria Inter-Bank Settlement System.
Rewane believes naira is undervalued as dollar crashes to new exchange rate in black market
Bismarck Rewane, chief executive officer of Financial Derivatives Company has reechoed the position of the CBN and also other financial experts on naira's value.
LG Autonomy: “Why CBN delayed funds despite Supreme Court order,” Tinubu’s FG explains
The Nigerian government has explained that direct funding to LGAs has not started despite a Supreme Court ruling, due to lack of necessary modalities.
Parallex Bank MD, Olufemi Bakre, gets tenure extension
In recognition of his outstanding performance, the board of Parallex Bank Ltd approves tenure renewal of Dr Olufemi Bakre as MD of the bank for the next five years.
CBN - Central Bank Of Nigeria
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