Nigeria's central bank is set to automate foreign currency trades from December, ditching a nearly decade-old ...

Nigeria’s central bank surprised the market on Tuesday by raising its benchmark lending rate by 50 basis points to 27.25%.

The Central Bank of Nigeria (CBN) has evolved over the years with the appointment of key men and a woman to pilot the affairs ...

Governor cites persistent inflationary pressures Analysts had expected rate to remain unchanged Hike decision was unanimous, says bank governor ABUJA, Sept 24 (Reuters) - Nigeria's central bank ...

Data from the Central Bank of Nigeria (CBN) has shown that the currency in circulation has reached an all-time high of N4.1trillion as of August 2024. The report also revealed that currency ...

The poor performance of the Nigerian currency against the United States dollar has overshadowed Nigeria’s 64th Independence ...

The Central Bank of Nigeria, led by Governor Olayemi Cardoso, has increased its benchmark lending rate to 27.25% from 26.75% as announced on Tuesday.

The Central Bank of Nigeria has announced the sale of $20,000 to Bureau De Change operators. This was disclosed by the apex bank in a statement signed by the Acting Director of Trade and Exchange ...

Nigeria's central bank unexpectedly raised its benchmark lending rate by 50 basis points to 27.25% in an effort to control persistent inflation. This marks the fifth rate hike this year. Despite a ...

FACT 1: The dominant factor that determines the real pump price of petrol in Nigeria is the naira to dollar exchange rate. The contribution of the international price of crude oil is minimal and ...

The World Bank has given the green light to a $500 million loan to support the Sustainable Power and Irrigation for Nigeria ...

according to the International payments data of the Central Bank of Nigeria (CBN). The total letter of credit payments made via official channels for seven months of 2024 was $391.91 million ...