Nigeria spent nearly $1 billion servicing foreign loans in the first two months of 2026, according to the Central Bank of Nigeria’s February Economic Report
Naira Rises to N1,400 per Dollar in Parallel Market
The Naira yesterday appreciated to N1,400 per dollar in the parallel market from N1,405 per dollar on Tuesday.
But the naira was stable at N1,379 per dollar in the Nigerian Foreign Exchange Market (NFEM), as data from...
N100 Banknotes Still Very Valid, Says CBN
The Central Bank of Nigeria (CBN) has ordered members of the public, businesses, and commercial banks to immediately cease the rejection of the standard N100 banknote, declaring that the currency remains a valid medium of exchange across the...
The Central Bank of Nigeria (CBN) has reaffirmed that both the standard ₦100 banknote and the commemorative ₦100 banknote remain legal tender and must be accepted for all transactions nationwide.
United Bank for Africa (UBA) Plc has announced that Tony O. Elumelu will retire as Group Chairman on August 21, 2026, after completing the 12-year tenure limit for non-executive directors set by the Central Bank of Nigeria (CBN).
The Central Bank of Nigeria (CBN) has announced plans to issue ₦2 trillion in Treasury Bills (T-bills) in July 2026, its largest monthly issuance this year.
