Browsing Tag
CBN
91 posts
Central Bank of Nigeria asserts that reforms are securing future economic prosperity
The Central Bank of Nigeria reports that recent policy reforms are successfully stabilizing the economy and fostering long-term development through improved financial infrastructure.
NDIC Begins Reimbursing Depositors of 46 Closed Microfinance Banks
The NDIC has officially begun paying depositors of 46 microfinance banks following the recent revocation of their operating licenses by the Central Bank of Nigeria.
August 6, 2026: Naira Exchange Rates Against the US Dollar
The naira held steady at ₦1,362.55 in the official market on August 6, 2026, while the gap with the parallel market rate widened to ₦62.
Naira experiences slight drop against US dollar on August 5, 2026
The Nigerian naira faced a minor official devaluation on Wednesday, halting a two-day rally, while the parallel market saw a slight recovery.
NDIC Begins Reimbursements for Customers of 46 Closed Microfinance Banks
The NDIC has commenced payouts to depositors of 46 microfinance banks following their license revocation by the CBN, utilizing automated payment systems to expedite the process.
Bank bad loan ratios exceed CBN threshold following end of pandemic relief
Non-performing loans in Nigeria's banking sector surged to 9.94 percent in Q1 2026 after the Central Bank of Nigeria ended COVID-19 era regulatory relief measures.
CBN Reports Official and Parallel Market FX Gap Shrinks Below 2 Percent
The Central Bank of Nigeria reports that the margin between official and unofficial exchange rates has dropped to under 2 percent following ongoing financial reforms.
Naira Value Fluctuates Across Official and Informal Markets
The naira saw mixed results on Tuesday, dropping in the parallel market while gaining value in the official Nigerian Foreign Exchange Market.
Nigeria Records 17-Year Peak in Foreign Reserves at $52.5 Billion
Nigeria's foreign reserves have climbed to $52.5 billion, a 17-year high, driven by successful economic reforms and increased investor confidence, according to the Central Bank of Nigeria.
Nigeria Foreign Reserves Hit 17-Year High, Surpassing CBN Yearly Goal
Nigeria's foreign reserves reached a 17-year high of $52.5 billion, exceeding the Central Bank of Nigeria's annual goal due to bolstered investor confidence and successful policy reforms.