Naira Stables Across Markets on Dec 15 The naira maintained its strength against the U.S. dollar on Monday, December 15, across both the parallel market and the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja told Economic Confidential that the naira traded at ₦1,480/$1 for...

The Central Bank of Nigeria (CBN) is set to raise a total of N825 billion from the domestic debt market in the final round of sovereign issuances for 2025.

The Central Bank of Nigeria (CBN) has directed all acquirers, processors, and Payment Terminal Service Providers (PTSPs) to implement mandatory dual connectivity.

Reps Move to Regulate CBN Operations   The House of Representatives on Thursday took initial legislative steps to strengthen transparency and accountability in the operations of the Central Bank of Nigeria, following the second reading of a bill seeking comprehensive amendments to the Central Bank of...

Nigerian Banks Strengthen Capital Base Amid CBN Regulatory Push   Deposit Money Banks are shoring up their capital base as the Central Bank of Nigeria (CBN) intensifies oversight, reinforcing governance, transparency, and risk management to ensure a resilient, stable financial system. Nigeria’s banking system remains stable and...

CBN Limits Cash Payout at 25% for PTA/BTA The Central Bank of Nigeria (CBN) has introduced a limit of 25 per cent on the amount of cash beneficiaries can receive when accessing their Personal Travel Allowance (PTA) and Business Travel Allowance (BTA) from Bureau De...