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...

‎CBN Fair: A Timely Financial Inclusion Strategy for Northern Nigeria, by Zekeri Idakwo Laruba ‎ ‎ ‎When the Central Bank of Nigeria (CBN) opened its Fair in Kano on September 16, 2025, it was more than just another stop on the Bank’s outreach calendar. It was a...

CBN's 27% Rate Cut Will Squeeze Banks' Margins - Moody's   Global ratings agency Moody’s Investors Service has warned that Nigeria’s banking sector faces fresh profitability risks after the Central Bank of Nigeria (CBN) cut its benchmark Monetary Policy Rate to 27% from 27.5%. The CBN said...