CBN - Central Bank Of Nigeria
Private sector loans rose to N76 trillion in 2024, up by 27% from 2023
A new report has shown increased borrowings in 2024. Private sector loans grew by 27%, while loans to the government grew by 54% in the same period.
Again, naira depreciates against US dollar in forex markets
The naira in the official Nigerian Autonomous Foreign Exchange Market and the unofficial forex market depreciated in value against the dollar, pound, and euro.
Big boost for naira as Nigeria’s foreign reserves rise to 4-year high
The Central Bank of Nigeria has revealed that Nigeria's foreign reserves have increased significantly in the last month, affecting the naira's value.
CBN disburses $1.25 billion for petrol import as Dangote partners oil firms to crash price
According to the CBN, it paid out $1.25 billion to oil industry participants between January and September 2024 to import petroleum products and related items.
Naira is rising”: Dollar demand drops as traders quote new FX rates in official markets
Traders and foreign exchange dealers reduced their demands for the dollar in the third quarter of 2024, helping the naira to increase in value against USD.
Nigerians rescued by Opay, PalmPay, other fintechs as traditional bank customers lament poor service
The holiday season has highlighted a significant shift in financial environment, with fintech platforms becoming the preferred choice compared to traditional banks.
Cashback reward: Man shares how PalmPay transformed his banking experience
Customers have testified to the proactive communication by Palmpay's brand which has reinforced confidence in the app and deepened brand loyalty.
New exchange rate: CBN’s new policy helps naira’s value rise by over N100
Launching the Electronic Foreign Exchange Matching System (EFEMS) by the Central Bank of Nigeria has helped the naira in the foreign exchange market.
Man opens OPay account after 15 years with other banks, people send him money after seeing his post
A man was stunned by the response he received after he announced that he had finally opened an OPay account for the first time in almost 15 years.
CBN - Central Bank Of Nigeria
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