Browsing Tag
CBN
67 posts
Naira Maintains Stability Against Dollar on August 3, 2026
The Nigerian naira remained stable against the dollar on August 3, 2026, with the official rate at ₦1,368 and the parallel market selling rate at ₦1,425.
Emir Sanusi Credits CBN Reforms for Economic Growth Outpacing Population
Emir Muhammadu Sanusi II claims Nigeria's economy is finally outpacing population growth due to the Central Bank's successful stabilization efforts.
ATM Transaction Values Surge by 208% to Reach N89 Trillion
Data from the Central Bank of Nigeria shows that ATM transaction values reached N89.12 trillion in 2025, a 208 percent increase driven by infrastructure growth and changing consumer preferences.
ATM Transaction Values Surge by 208 Percent to N89 Trillion
ATM transactions saw a massive 208 percent jump to N89 trillion in 2025, driven by improved infrastructure and digital adoption, according to the Central Bank of Nigeria.
Nigeria’s Oil Export Revenue Drops to $31.54 Billion in 2025
A new CBN report shows that Nigeria's crude oil export earnings dropped by over 14 percent in 2025 due to global market supply issues, with Europe remaining the largest buyer.
US Dollar to Nigerian Naira Exchange Update: July 30, 2026
On July 30, 2026, the US Dollar traded at approximately 1,358.63 Naira in the official market, while the parallel market rate settled near 1,400.00 Naira, reflecting ongoing stability in Nigeria's forex sector.
CBN Mandates N19 Billion in Customer Refunds as Banking Complaints Grow by 11 Percent
Bank customer complaints rose by 11 percent in 2025, leading the Central Bank of Nigeria to order N19.12 billion in refunds and issue N1.69 billion in penalties to financial institutions.
Nigerian Naira exchange rates against the US Dollar: July 29, 2026
The Nigerian Naira maintained steady trading levels against the US Dollar on July 29, 2026, supported by Central Bank of Nigeria liquidity initiatives.
GFA Technologies Co-founder views CBN data localisation mandate as a driver for digital infrastructure investment
GFA Technologies Group believes the CBN's directive to localise financial data will significantly boost investment in Nigeria's digital infrastructure and data centres by 2027.
Nigerian Naira Experiences Slight Decline Against US Dollar on July 27, 2026
The Nigerian naira weakened slightly against the US dollar in the official market on Monday, while black market rates remained stable at N1,410.