CBN Consolidates Financial Market Reform Gains
CBN Governor Yemi Cardoso outlines progress in Nigeria's financial reforms as naira stabilizes, inflation drops to 16.05%, and reserves hit $46.7 billion. Learn how these gains impact Nigeria's economy.
Category : Search result: CBN foreign card transactions
CBN sells $36.60m to banks amid naira depreciation
Central Bank of Nigeria intervenes in forex market with $36.60 million sale to authorized dealers including Access, UBA, Zenith banks to stabilize naira. Experts analyze impact on currency stability.
Nigeria attracts $20.98bn foreign capital in 10 months
Nigeria recorded $20.98bn foreign capital inflows Jan-Oct 2025, a 70% surge. CBN Governor Cardoso credits FX reforms for market stability and renewed investor confidence.
Nigeria's Economy Stabilizes as Inflation Halves to 16.05%
CBN Governor Cardoso reveals Nigeria's economic turnaround: inflation dropped from 34.6% to 16.05%, forex reserves hit $46.7B, and growth reached 4.23%. Discover how reforms are driving sustainable growth.
Nigeria launches ECOWAS Biometric Card against crimes
Nigeria introduces ECOWAS National Biometric Identity Card to fight cross-border crimes, irregular migration. New card replaces passports for regional travel within West Africa.
Nigeria's Money Supply Reaches N119 Trillion
Nigeria's broad money supply increased to N119.04 trillion in October 2025, driven by rising domestic assets despite falling foreign reserves. Learn what this means for the economy.
Naira crashes to N1,443.91/$ as festive demand surges
Naira depreciates across all market segments as year-end FX demand intensifies. Expert analysis reveals why the pressure may continue through December despite rising external reserves.
US Re-examines Green Cards from 19 Nations After Attack
Trump administration orders full review of green cards from 19 'countries of concern' following deadly Washington DC shooting by Afghan national. Details on affected nations and policy changes.
Nigeria Exempt from US Green Card Review of 19 Nations
Nigeria exempt as US orders full reexamination of green cards from 19 countries of concern following DC shooting. Trump administration intensifies immigration crackdown.
FIFA Legal Battle Over Ronaldo Red Card
FIFA risks major legal challenge after Cristiano Ronaldo's controversial red card in World Cup match. Get the latest updates on potential lawsuit.
Nigeria FX Market Reaches $500m Daily Turnover
CBN Governor Cardoso reveals Nigeria's FX market now records $500m daily turnover without central bank intervention, marking a new era of transparency and stability.
Ronaldo cleared for World Cup after FIFA ruling
Cristiano Ronaldo will play in Portugal's 2026 World Cup opener after FIFA suspended most of his ban. The 40-year-old received his first-ever red card for Portugal against Ireland. Read the full story.
Naira Exchange Rate: CBN Sets N1,453/$ Amid $250M Injection
Naira strengthens against US dollar in official market, closing at N1,453.84/$1 after CBN's $250 million intervention. Get latest forex updates and market analysis.
Nigerians spend $1.39bn on foreign education in 6 months
CBN data reveals Nigerians spent $1.39 billion on overseas education in H1 2025, a 20% increase from 2024. This nearly equals Nigeria's entire 2025 education budget. Read analysis.
Naira loses N14.29 to dollar as trading week ends low
The Nigerian naira weakened significantly against the US dollar, closing at N1,456.72 despite rising foreign exchange reserves hitting a 7-year high. Get the latest market analysis and exchange rates.
Simplified Digital Tax Payment Guide for Nigerian Businesses
Learn how Nigerian businesses can now pay taxes easily through the fully digital TaxPro Max system. This guide explains the secure process, approved payment channels, and benefits for national development.
ATM scammer beaten by angry mob in South Africa
A suspected ATM card scammer was brutally beaten by shoppers in Tongaat after targeting bank customers. His accomplices fled the scene. Read full details.
Top 4 Best Platforms to Sell Gift Cards in Nigeria
Discover the top 4 reliable platforms to sell your gift cards in Nigeria for high rates and instant payments. Avoid scams and trade with confidence today!
CBN Issues Naira Handling Warning for Christmas Season
Central Bank of Nigeria urges citizens to stop spraying, mutilating naira notes during festive period. CBN describes currency as vital national symbol requiring proper handling.
CBN Injects $50m to Stabilize Naira Amid Dollar Demand
The Central Bank of Nigeria has intervened with $50 million forex injection to stabilize the naira as currency volatility continues. Learn how this affects Nigeria's economy.
CBN Seeks Better Fiscal-Monetary Policy Alignment
CBN executives and economic experts emphasize urgent need for coordinated monetary and fiscal policies to achieve Nigeria's economic stability. Learn about the new framework.
Fake Microfinance Bank Exposed by CBN in Nigeria
CBN warns Nigerians against Zuldal Microfinance Bank operating illegally in Lagos, Abuja, Kaduna, and Kano. Verify licensed MFBs before transactions.
CBN Warns Against Illegal Zuldal Microfinance Bank
Central Bank of Nigeria exposes Zuldal Microfinance Bank operating illegally in Lagos, Abuja, Kano, and Kaduna. Verify financial institutions on CBN website before banking.
Naira falls to N1,454/$ despite $46.7bn FX reserves
Naira declines against US dollar despite Nigeria's foreign reserves reaching $46.7bn, a seven-year high. CBN Governor confirms economic improvements amid inflation slowdown. Read more.
EFCC Arrests Archbishop for Naira Abuse
EFCC arrests Archbishop Angel Oyeghe for naira mutilation after viral video showed money sprayed on cow during church event. Suspect faces charges under CBN Act.
Pay for Apple Music in Nigeria: 3 Methods
Learn how to subscribe to Apple Music in Nigeria using virtual dollar cards, Apple Gift Cards, or MTN airtime. Bypass international payment restrictions today!
CBN: Abuse of Naira is a Punishable Offence
The Central Bank of Nigeria has warned citizens against the abuse of the Naira, stating that spraying, hawking, or mutilating the currency is a punishable offence. Respect our national symbol.
House Probes ₦1.12tn Anchor Borrowers Fund Diversion
Nigerian House of Representatives investigates alleged diversion of ₦1.12tn agricultural funds. Lawmakers demand accountability for food security programs. Read the full investigation details.
Naira falls 0.39% against dollar, CBN to intervene
Naira depreciates to N1,448.03/$1 in official market as traders quote new rates. CBN expected to resume strong intervention to prevent further decline. Full analysis inside.
Nigeria's FX inflows fall to $672m despite naira strength
Nigeria's foreign exchange inflows dropped to $672.30 million despite naira strengthening in both official and parallel markets. Foreign portfolio investors remain key dollar suppliers as analysts warn of speculative risks.
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