Browsing Tag
CBN
91 posts
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.
Ikeja Court Admits Godwin Emefiele’s Statements as Evidence in $4.5bn Fraud Case
A court in Ikeja has cleared the way for the trial of former CBN Governor Godwin Emefiele by admitting his contested statements as evidence in a multi-billion dollar fraud case.
Central Bank Confirms N100 Note Status as Valid Currency
The Central Bank of Nigeria has confirmed that the standard N100 note remains valid tender following reports of businesses rejecting the currency.
Candid Oil Services Appointed as Official Pre-shipment Inspector for Nigerian Oil Exports
The Central Bank of Nigeria has appointed Candid Oil Services Limited as the pre-shipment inspection agent for oil exports, designating Taurus Oil and Gas Depot as its primary terminal.
Naira Gains Value Against Dollar Across Markets
The naira recorded gains in both the official and parallel markets as the exchange rate gap narrowed significantly.
Special Investigator Demands Trial for Buhari and Mustapha Over $6.23 Million CBN Scandal
Special Investigator Jim Obazee has called for the trial of former President Buhari and ex-SGF Boss Mustapha alongside Godwin Emefiele, alleging their involvement in a $6.23 million Central Bank of Nigeria fraud case.
Depositors face partial recovery as CBN shuts 46 microfinance banks
Bank Customers’ Association of Nigeria President Dr. Uju Ogunbunka warns that the revocation of 46 microfinance bank licenses will cause widespread financial hardship, incomplete deposit recovery, and a potential decline in national financial inclusion.