The Central Bank of Nigeria (CBN) has approved a cash-based Basic Travel Allowance (BTA) for Nigerians performing the 2025 Hajj.

The Central Bank of Nigeria (CBN) has taken decisive steps to cushion the impact on the country’s foreign exchange (FX) market, amid growing concerns over naira depreciation and macroeconomic instability.

Cardoso’s Shock Therapy: Why Nigeria Needs These Reforms, by Rahma Olamide Oladosu   By any measure, Nigeria’s financial system has been walking a tightrope for years. A mix of weak oversight, economic volatility, and historical lapses in governance has created an environment ripe for instability. But under...

‎CBN and the Task of Repositioning Nigeria's Global Economic Standing ‎By Zekeri Idakwo Laruba ‎In a powerful testament to Nigeria’s commitment to economic revival, institutional reform, and international collaboration, the Central Bank of Nigeria (CBN), in partnership with J.P. Morgan and the Nigerian Exchange Group (NGX),...

Naira Declines to N1,602.63/$ in Black Market After trading at the Nigerian Foreign Exchange Market (NFEM) on Tuesday, the naira depreciated slightly by 0.2 percent as the dollar was quoted at N1,602.63 compared to N1,599.93 seen on Thursday last week before the Easter holiday, data...

Currency in Circulation Drops to N5tn in 2025 - Report The total amount of naira in circulation decreased to N5tn as of March 2025, marking a decline from N5.04tn recorded in February 2025. This represents a further reduction from N5.24tn in January 2025, according to the...