Browsing Tag
CBN
91 posts
Central Bank of Nigeria lifts decade-long ban on local investor OMO participation
The Central Bank of Nigeria has ended its seven-year ban on local participation in Open Market Operations, granting individuals and corporations access to the market while simultaneously lifting various discount window restrictions.
Central Bank of Nigeria Modifies Rules for Discount Window and OMO Participation
The Central Bank of Nigeria has eased certain restrictions on Discount Window access while maintaining specific limits on OMO auction participation.
August 11, 2026: Official and Parallel Market Naira Exchange Rates
On August 11, 2026, the naira traded at ₦1,368 in the official market while the parallel market rate reached ₦1,405, reflecting a stable spread of roughly ₦37.
CBN Data Reveals Rise in Nigerian Home Loan Borrowing
New Central Bank of Nigeria data shows Nigerians are borrowing more for home purchases, accompanied by a decline in loan default rates across various sectors.
Nigeria records two months of economic growth despite industrial sector slowdown
Nigeria's economic activity grew for a second month in July 2026, driven by gains in agriculture and services, despite a slight contraction in the industrial sector.
August 10, 2026: Official and Parallel Market Naira Exchange Rates
The naira remained steady against the dollar on August 10, 2026, with the official rate at ₦1,362.55 and the parallel market rate around ₦1,425.
Six Major Nigerian Banks Distribute N1.27 Trillion in Dividends
Despite strong profits, only six Nigerian banks issued dividends in 2025, as the Central Bank of Nigeria enforced strict regulatory standards that prevented five other profitable lenders from making payouts.
Atiku Abubakar Criticizes Tinubu Over Deteriorating Household Purchasing Power
Atiku Abubakar has criticized the Tinubu administration, arguing that new CBN data proves citizens are being priced out of basic assets and a decent standard of living due to harsh economic policies.
Naira Gains Value Against Dollar in Both Parallel and Official Markets
The naira strengthened in both the parallel and official exchange markets on Friday, as trading volume saw a significant spike.
Naira Exchange Rate Performance: August 7, 2026
The naira held steady against the dollar on August 7, 2026, with the official rate at ₦1,368.22 and the parallel rate at ₦1,405, showing narrowing disparities due to ongoing reforms.