Browsing Tag
CBN
91 posts
Senate moves to force NNPCL, CBN, and other agencies to account for missing revenue
The Senate is taking legislative action to force various government agencies, including the NNPCL and CBN, to explain failures in remitting revenue to the Consolidated Revenue Fund.
CBN Governor Links Low Circulation of N100 and N200 Notes to Digital Shift
Governor Olayemi Cardoso asserts that N100 and N200 notes are still legal tender, attributing their reduced visibility to the expansion of digital payments and the effects of inflation on purchasing power.
Atiku Abubakar Demands Tinubu’s Resignation Over PFIPC Account Scandal
Atiku Abubakar has called on President Tinubu to apologize and resign, citing a massive credibility crisis following contradictory statements from the CBN and OAGF regarding the PFIPC scandal.
Central Bank of Nigeria keeps interest rate at 26.5% amid geopolitical concerns
The CBN has held its benchmark interest rate at 26.5% citing global risks linked to Middle East tensions, while reporting that external reserves have grown to $52.5 billion.
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.