CBN Reaffirms Commitment to Price and Monetary Stability - Cardoso The Central Bank of Nigeria has assured Nigerians of its commitment in ensuring that the policies and reforms already introduced would bring about much-needed price and monetary stability in the country. Nigerians have, over a long...

The Central Bank of Nigeria (CBN) has capped daily cash-out transactions for Point of Sale (POS) agents at N1.2 million and N100,000 for individual customers.

Naira Remains Stable Across Markets on Oct 6 The naira held steady against the U.S. dollar on Monday, October 6, maintaining its value in both the parallel market and at the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja told Economic Confidential that the naira...

The Central Bank of Nigeria (CBN) has said the country’s banking system remains strong and resilient despite economic headwinds.

Naira Appreciates in Black Market, Slides at Official Window on Oct 3 The naira strengthened against the US dollar on Friday, October 3, appreciating in the parallel market while recording a modest decline at the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja told Economic...

Who will Rescue our Currency, Naira? By Hadiza Ishyaku Abdulsalam The Central Bank of Nigeria (CBN) recently unveiled a nationwide campaign tagged, “Naira Our Pride: Handle with Care". At first glance, it may seem like another routine awareness drive. But behind it lies a critical...