CBN Debunks Claim of Introducing N5,000, N10,000 Banknotes The Central Bank of Nigeria (CBN) has dismissed claims that it has introduced new N5,000 and N10,000 notes, labeling the reports as false. In a statement posted on X on Wednesday, the apex bank debunked the rumors, stating:...

Net FX Reserves Hit $23.11bn in 2024, Says CBN Nigeria’s net foreign exchange reserves rose significantly to $23.11bn at the end of 2024, marking the highest level in over three years, according to the Central Bank of Nigeria. In a press statement on Tuesday, the apex...

The Central Bank of Nigeria (CBN) has disclosed that Nigerians secured personal loans amounting to N470bn from banks in the last three months of 2024.

The Nigerian electricity sector slowed in the fourth quarter of 2024 (Q4 2024), with the electricity production index declining by 1.64% year-on-year (y-o-y).

While financial institution like the Central of Nigeria (CBN) working tooth and nail to restore the value of the local currency for economic prosperity, some individuals, call them economic saboteurs, are engaged commoditisation of same, a practice which projects blatant disregard for our nation’s legal tender, weakens its value and also erodes respect for our national identity.

Currency in Circulation Declines to N5.03trn - CBN   Currency in circulation dropped for the first time in one year, according to the updated money and credit data from the Central Bank of Nigeria (CBN). The currency in circulation, representing the banknotes and coins that have been...