Browsing Tag
CBN
67 posts
Nigeria Foreign Exchange Reserves Reach $52 Billion, CBN Governor Reports
Central Bank Governor Yemi Cardoso announced that Nigeria's foreign exchange reserves have hit $52.52 billion, even as the MPC keeps interest rates at 26.5 percent.
Nigerian Naira Strengthens Against Dollar Following CBN Rate Decision on July 21, 2026
The Naira gained value in the official market on July 21, 2026, while the CBN opted to keep the interest rate unchanged at 26.50 percent.
Central Bank of Nigeria keeps interest rate at 26.50 percent
For the second straight meeting, the Central Bank of Nigeria has held the Monetary Policy Rate at 26.50 percent to help stabilize the economy and manage inflation.
Naira Exchange Rates Against the Dollar for July 21, 2026
The Nigerian naira held steady against the US dollar on July 21, 2026, as the market awaited updates from the Central Bank of Nigeria regarding monetary policy and liquidity.
Naira Gains Value Against Dollar Ahead of Critical CBN Policy Meeting
The naira strengthened slightly in official trading on Monday as the market prepares for the Central Bank of Nigeria's latest interest rate decision.
Central Bank of Nigeria Addresses Dormant Accounts Linked to PFIPC Controversy
The Central Bank of Nigeria confirmed that two bank accounts linked to the PFIPC never saw any activity after the council failed to provide the required signatory information.
CBN states government accounts require OAGF mandate amid PFIPC probe
A CBN Director told a House panel that the bank only opens government accounts via OAGF mandate, while the Head of Service denied responsibility for the council's establishment.
OHCSF and CBN Disavow Links to Presidential Foreign Investment Promotion Council
Government officials from the OHCSF and CBN testified before a House committee, confirming they have no involvement with the controversial Presidential Foreign Investment Promotion Council and that its bank accounts remain unused.
Debate emerges over CBN ending direct funding for manufacturers
Industry experts are debating the impact of the Central Bank of Nigeria's withdrawal from direct manufacturing funding, with some calling for alternative support and others backing the move to refocus the bank's mandate.
President Tinubu Issues Directive to Oversee Cryptocurrency and Virtual Assets
President Bola Tinubu has implemented a new executive order to coordinate the regulation of virtual assets in Nigeria, led by the CBN, SEC, and NRS to combat fraud and improve oversight.