Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, weekend, said the apex bank is committed to ensuring that identified economic challenges in Nigeria are addressed

Nigeria's Payment Surplus Balance Hits $6.83bn - CBN The Central Bank of Nigeria (CBN) has announced a Balance of Payments (BOP) surplus of $6.83 billion for the 2024 financial year. The BOP measures the country’s financial transactions with the rest of the world and how the...

The naira, on Monday, dropped to N1,612 per dollar at the official side of the foreign exchange (FX) market.

The global trade war is threatening naira stability following the depreciation of the currency at the close of last week.

The World Bank has approved a $1.08 billion financing package aimed at strengthening Nigeria’s education system, tackling malnutrition, and boosting economic resilience.

FX Inflow Rises by 20.62% as CBN's Share Declines   The Nigerian economy recorded a rise in foreign exchange inflow during the fourth quarter of 2024, according to the latest Central Bank of Nigeria (CBN) Economic Report. The report revealed that total foreign exchange inflow rose by...