Browsing Tag
CBN
67 posts
President Tinubu Issues Executive Order for Virtual Asset Oversight and Forms Regulatory Council
President Bola Ahmed Tinubu has introduced the Virtual Assets Coordination Executive Order 2026 and established a new regulatory council led by the CBN to curb digital fraud.
CBN Issues 24-Hour Liquidation Mandate for Unused FX Held by BDCs
The Central Bank of Nigeria has directed Bureau De Change operators to return all unused foreign exchange to the Nigerian Foreign Exchange market within 24 hours or face regulatory sanctions.
Nigerian Naira Exchange Rate Analysis: July 17, 2026
The Nigerian naira remained stable against the dollar on July 17, 2026, as the official exchange market shows minor fluctuations while analysts await the upcoming Central Bank policy meeting.
Central Bank of Nigeria Mandates BDCs to Return Unused FX to NFEM
The Central Bank of Nigeria has ordered BDCs to return unutilized foreign exchange to the NFEM market within 24 hours of the expiration of the utilization period to improve retail liquidity.
Naira Exchange Performance Against Dollar: July 16, 2026
The naira held steady at ₦1,384 per dollar in the official market on July 16, 2026, while the parallel market saw rates fluctuate between ₦1,408 and ₦1,420.
Naira Exchange Rates: July 15, 2026 Update
The naira showed mixed results on July 15, 2026, with a slight dip in the official market and an improvement in the parallel market.
House Committee Seeks Answers on Unpaid Government Agency Revenues
The House Public Accounts Committee is investigating the OAGF over missing agency funds and unremitted operating surpluses from major organizations like the CBN and NNPCL.
Nigeria records economic recovery while consumer confidence remains low, CBN reports
The CBN reports that Nigeria's economy exited contraction in June due to agricultural growth, though household sentiment remains cautious as citizens prioritize essentials over major investments.
Nigerian Banks Reduce Sectoral Lending by N5.4 Trillion
Deposit money banks in Nigeria cut lending to eight major sectors by N5.45 trillion in 2025, largely due to the Central Bank of Nigeria ending its regulatory forbearance policy.
US Dollar to Nigerian Naira Exchange Rates for July 10, 2026
On July 10, 2026, the Nigerian naira held steady against the dollar at ₦1,375.94 in the official market, while parallel market rates fluctuated between ₦1,410 and ₦1,425.