CBN, Angolan Counterpart Ink Deal to Boost Regional Financial Stability   The Central Bank of Nigeria (CBN) and the Bank of Angola have signed a Memorandum of Understanding (MoU) to deepening cooperation and strengthening regional financial stability through knowledge exchange, capacity development, and regulatory coordination. The agreement...

Reps to Summon CBN, Others Over Automotive Finance Scheme   The House of Representatives Committee on Industry has pledged to work towards improving access to affordable vehicle financing for Nigerians as part of efforts to strengthen the country’s automotive sector. To this end, the committee has pledged...

Naira Gains in Black Market, Slides at Official Window on Oct 15 The naira appreciated against the U.S. dollar on Wednesday, October 15, in the parallel market but slipped slightly at the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja told Economic Confidential that the...

Reps to Question CBN, Banks over Arbitrary Charges The House of Representatives on Tuesday resolved to probe what it described as the “arbitrary, excessive, and unexplained” charges drawn from customers’ accounts by money deposit banks operating in the country. The resolution of the House was a...

Banks’ deposit with the Central Bank of Nigeria, CBN, grew by 568.7 percent, YoY, to N146.13 trillion in the first nine months of the year (9m’25).

Naira Holds Firm in Black Market, Slides at Official Window on Oct 13 The naira maintained stability against the U.S. dollar on Monday, October 13, in the parallel market but weakened slightly at the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja told Economic Confidential...