The Monetary Policy Committee of the Central Bank of Nigeria has retained the benchmark interest rate at 27 per cent, extending its pause on monetary tightening.

Naira Holds Firm Against Dollar Across Market on Nov 24 The naira retained its strength against the U.S. dollar on Monday, November 24, across both the parallel market and the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja told Economic Confidential that the naira traded...

Naira Holds Steady at N1,450 Officially, Trades at N1,374 on Parallel Market  The naira traded around ₦1,450 to the US dollar in Nigeria’s official Nigerian Foreign Exchange Market (NFEM) on Friday, November 21, 2025, while the Lagos parallel (black) market quoted the dollar between about...

CBN Cautions Against Mutilating Naira Notes During Festivities   The Central Bank of Nigeria (CBN) has called for caution in handling Naira notes, describing it as Nigeria’s essential national symbol. The apex bank stated this yesterday in Awka, during a fair organized in Awka, under the theme:...

Monetary, Fiscal Coordination Key to Economic Recovery - CBN   The Central Bank of Nigeria’s (CBN) top executive and other experts have stressed the urgent need for stronger alignment between monetary and fiscal policies, saying policy contradictions remain a major cause of Nigeria’s macroeconomic instability. Speaking on...

Auditor-General Slams CBN Over Recycled Banknotes Worth N29.7bn   The Office of the Auditor-General of the Federation has accused the Central Bank of Nigeria (CBN) under the leadership of the former Governor, Godwin Emefiele, of re-circulating dirty and unfit banknotes valued at N29.77bn in violation of...