CBN
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BUSINESS AND ECONOMY
CBN Governor Says Inflation Easing, Naira Confidence Growing as MPC Retains Key Rates
CBN Governor Olayemi Cardoso says inflation is easing and confidence in the Naira rising. He…
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BUSINESS AND ECONOMY
Naira Slides to ₦1,555/$ Ahead of CBN Crucial MPC Meeting
The naira fell to ₦1,555/$ on the parallel market ahead of CBN’s July 21 MPC…
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BUSINESS AND ECONOMY
Naira Strengthens to ₦1,550/$ on Parallel Market Amid Dollar Supply Surge, Lower Demand
The naira gained on the black market but dipped slightly at the official exchange window.…
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BUSINESS AND ECONOMY
BVN Remains Free for Nigerians at Home, $50 Charge Only Applies to Diaspora Enrolment
CBN confirms BVN remains free for Nigerians at home, counters false reports of new charges.…
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BUSINESS AND ECONOMY
Five Banks Hit CBN Target Ahead of Deadline
Five Nigerian banks have reached the CBN’s new capital targets ahead of the 2026 deadline.…
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BUSINESS AND ECONOMY
Naira Strengthens to ₦1,526.15 per Dollar as IMF Commends CBN Forex Reforms
Naira gains ₦3.42 to trade at ₦1,526.15 per dollar as forex reforms boost confidence. IMF…
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BUSINESS AND ECONOMY
Naira Drops to ₦1,585/$ in Parallel Market as Exchange Rate Gap Widens to ₦58
Naira struggles as forex gap widens amid high dollar demand, low inflows, and speculation. Parallel…
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BUSINESS AND ECONOMY
Nigeria Records $3.73 Billion Current Account Surplus in Q1 2025
Nigeria recorded a $3.73 billion current account surplus in Q1 2025, boosted by exports. Non-oil…
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NIGERIA NEWS
Reps Committee Gives CBN 14-Day Ultimatum to Remit N3.64tn to Federal Government
House of Reps has ordered CBN to remit N3.64 trillion in surplus within 14 days.…
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BUSINESS AND ECONOMY
Open Banking Set to Reshape Nigeria’s Financial Landscape by August 2025
Nigeria moves to launch open banking by August 2025, giving customers more control. The Central…
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BUSINESS AND ECONOMY
Naira Strengthens Officially but Slides on Parallel Market
Official gains but street pain as naira rises in banks but drops on the streets.…
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BUSINESS AND ECONOMY
Bank Customers Petition CBN Over Excess Charges
Bank Customers Association flags unauthorized deductions linked to new USSD billing model. At AI conference,…
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BUSINESS AND ECONOMY
CBN Injects $41 Million into FX Market as Naira Holds Steady at ₦1,551 Per Dollar
Currency trades at ₦1,551 per dollar after apex bank steps in amid reserve concerns. Rising…
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BUSINESS AND ECONOMY
Zenith Bank to Exit CBN Regulatory Forbearance by June 30, Targets Dividend Resumption
Zenith Bank set to end CBN forbearance, plans dividend comeback by mid-2025. Lender meets capital…
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BUSINESS AND ECONOMY
CBN Dividend Ban Shakes Banking Sector, Sparks Recapitalization Concerns
CBN’s new rule stops banks from paying dividends or investing abroad, shaking investors. Top banks…
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BUSINESS AND ECONOMY
CBN Injects $580 Million into FX Market Amid Naira Pressure, Rising Investor Confidence
The CBN injected $580 million into Nigeria’s FX market in May to stabilize the naira…
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BUSINESS AND ECONOMY
CBN Denies Extending Recapitalization Deadline for BDC Operators
The Central Bank of Nigeria says the BDC recapitalization deadline has not changed. It confirmed…
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BUSINESS AND ECONOMY
Naira Strengthens as Dollar Falls in Official and Black Markets; CBN Unveils Eight New Exchange Rates
The naira continued its upward streak for the seventh straight day, gaining against major currencies…
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BUSINESS AND ECONOMY
Naira Holds Strong Below ₦1,600 Amid Holidays, Global Dollar Volatility
Nigeria’s naira holds steady below the ₦1,600 mark, supported by low trading activity and renewed…
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BUSINESS AND ECONOMY
Naira Strengthens to ₦1,615/$ in Parallel Market, Gains ₦15 in Official Window
The naira bounced back on Wednesday, gaining strength both in the parallel and official markets…
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BUSINESS AND ECONOMY
CBN June 3 Deadline Stands Firm as ABCON Urges Dialogue Over BDC Recapitalization
The Central Bank’s June 3 recapitalization deadline for BDCs has passed, leaving the sector in…
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BUSINESS AND ECONOMY
CBN, Presidency Unveil National Framework to Rebuild Trust in Banking Sector
The Central Bank of Nigeria and the Office of the Vice President have unveiled a…
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BUSINESS AND ECONOMY
CBN Publishes New Forex Rates as Naira Weakens for Third Consecutive Day
The naira has weakened for the third straight session, falling to ₦1,606 per dollar at…
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