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.
Category : Search result: CBN forex policy
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.
Inflation Falls to 16.05% Amid Food Price Drop
Nigeria's inflation rate declines to 16.05% in October 2025 as food prices drop and naira strengthens. Farmers lament crashing prices while government nears 15% target.
Naira falls against dollar despite rising FX reserves
Naira depreciates to N1,442.43/$1 in official market as foreign exchange demand increases ahead of festive season. Nigeria's FX reserves climb to $43.5 billion - the highest level in six years.
Moghalu: Emefiele was political poodle, not banker
Ex-CBN deputy governor Kingsley Moghalu describes Godwin Emefiele's tenure as disastrously incompetent. Read the explosive analysis of Nigeria's economic challenges.
SERAP to CBN: Account for Missing N3tr or Face Lawsuit
SERAP demands CBN Governor explain missing N3 trillion public funds documented in Auditor-General's 2022 report. Legal action threatened if no response within 7 days.
CBN Sells $50m to Banks as Naira Falls Amid Dollar Demand
Central Bank intervenes with $50 million FX sale to Access, Zenith, UBA amid naira volatility. Naira falls to N1,472/$ in parallel market despite reserves growth. Read latest analysis.
Moghalu: Emefiele was disastrous CBN governor
Former CBN deputy governor Kingsley Moghalu condemns Godwin Emefiele's tenure, calling it disastrous and politically compromised. Read the full analysis of Nigeria's economic decline.
CBN Rate Hikes Boost Fixed Income Demand in Nigeria
CBN's aggressive 875bps interest rate hikes in 2024 dramatically increased demand for fixed income instruments while crowding out private sector borrowing. Discover key market impacts.
Naira gains as external reserves reach $43.4 billion
Nigeria's naira recovers against USD, trading at N1441 after external reserves surge to $43.4bn. Market sentiment improves as blocked funds decline. Read latest FX updates.
Smart Nigerian Forex Traders Avoid Cash Settlements
Discover why Nigerian forex traders are protecting positions with risk management instead of cash settlements. Learn strategies for sustainable trading success in Nigeria's volatile market.
New Bank Lending Rates Released by CBN for 2025
Central Bank of Nigeria publishes updated lending rates for Access Bank, UBA, Zenith Bank and others. See the new prime and maximum rates affecting loans.
NASS Officials Jailed for N4.8m Job Fraud
ICPC secures conviction of two National Assembly staff for a N4.8m job scam involving fake CBN and FIRS employment. Justice served as convicts refund money. Beware of fake job offers!
Naira falls to 10-day low against US dollar
Naira reverses gains, crashing to N1,443.08 against USD in official market. Third straight day of losses as mid-month demand pressures mount. Read full analysis.
Naira Gains as Pound Sterling Falls Below N2,000 Mark
Nigerian naira strengthens significantly against British pound, dropping below N2,000 in both official and parallel markets. CBN reforms drive currency stability as forex reserves hit $43.34 billion.
Islamic Banks in Nigeria Increase to Five with New Entry
Summit Bank Limited begins operations as Nigeria's fifth Islamic bank, expanding Sharia-compliant financial services accessible to all Nigerians regardless of religion.
GTBank Raises Naira Card Dollar Limit to $6,000
GTBank has increased international spending limits on naira cards from $1,000 to $6,000 per quarter. The move reflects improved forex liquidity and market stability. Learn how this affects Nigerian cardholders.
Naira Exchange Rate Stable Amid FX Reserve Growth
Nigerian naira shows minimal movement across forex markets as external reserves reach $43.34 billion. Expert analysis reveals stability outlook amid fluctuating dollar supply.
Standard Chartered Nigeria Closing Branches from 2026
Standard Chartered Bank Nigeria announces branch closures starting January 2026 as part of digital transformation strategy. Bank confirms meeting CBN's N200bn capital requirement early.
Order Flow Analysis: Boost Forex Entry Timing in Nigeria
Discover how Nigerian forex traders are using order flow analysis to pinpoint perfect entry points and maximize profits in volatile markets. Learn practical strategies for better trading decisions.
First Bank Holdings Posts N450.9B Profit
First Bank of Nigeria Holdings Plc announces staggering N450.9 billion profit as it strategically positions itself for Central Bank of Nigeria's banking sector recapitalisation requirements.
Lagos Launches Climate Policy to Drive Green Investment
Governor Babajide Sanwo-Olu unveils Lagos Climate Action Plan, positioning Nigeria's economic hub as prime destination for sustainable investments while tackling climate threats head-on.
VPS Forex Trading: Nigeria's 2025 Game Changer
Discover how Virtual Private Servers are revolutionizing Forex trading in Nigeria - boosting speed, security, and profits for traders across Lagos, Abuja, and beyond.
Naira Falls Again: Loses Ground Against US Dollar
The Nigerian naira has reversed its recent gains, depreciating significantly against the US dollar across both official and parallel markets. This latest development raises concerns about currency stability and economic recovery efforts.
CBN's Critical Rate Decision: Hold or Hike Amid Economic Pressures?
Nigeria's Monetary Policy Committee faces tough choices as inflation soars and economic growth slows. Experts analyze potential outcomes ahead of crucial rate decision.
Standard Chartered Meets CBN ₦200bn Recapitalisation
Standard Chartered Bank Nigeria has successfully met the Central Bank of Nigeria's ₦200 billion recapitalisation requirement, positioning itself as a leader in the new banking landscape.
Sowore Defies Court, Arrest Warrant Issued in Abuja
Nigerian activist Omoyele Sowore sparks legal firestorm after failing to appear in Abuja court, prompting judge to issue arrest warrant in ongoing CBN protest case.
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