Category : Search result: CBN FX rates


ECB holds rates steady at 2% as inflation cools

The European Central Bank keeps its key deposit rate at 2% for the fourth consecutive meeting. Analysts scrutinise Lagarde's comments for clues on future monetary policy amid uncertain inflation outlook. Read more.

US Jobless Rate Climbs to 4.6%, Highest in Four Years

US unemployment rose to 4.6% in November, its highest level since 2021, as the economy lost 105,000 jobs in October. Read the full analysis of the cooling labour market and its global implications.

Asian Markets Retreat on US Jobs Data, Tech Worries

Asian markets extended losses Tuesday ahead of key US jobs data, with tech sector jitters and Fed rate cut uncertainty weighing on investor sentiment. Key indexes in Tokyo, Hong Kong, and Shanghai all fell over 1%. Read the full analysis.

US Reviews Newborn Hepatitis B Vaccine Policy

A US vaccine advisory panel, now led by skeptics, is reviewing the decades-old practice of giving hepatitis B shots to newborns. Experts warn this could cause preventable deaths and lower immunization rates. Read the full analysis.

CBN Sets New Cash Withdrawal Limits Effective 2026

The Central Bank of Nigeria has announced revised cash withdrawal rules, setting new weekly limits for individuals and corporates to start in January 2026. Learn the new limits and fees.

16 Banks Meet CBN Capital Rules Ahead of 2026 Deadline

CBN Governor Yemi Cardoso confirms 16 banks have met new capital thresholds. With the March 2026 deadline approaching, the recapitalisation drive aims to strengthen lenders for Nigeria's $1 trillion economy goal.

Naira Strengthens as Dollar Inflows Surge Over 64%

The Nigerian Naira receives a significant boost as dollar inflows into the FX market jump by 64.24% to $841.10 million, improving liquidity and strengthening the official rate. Read the full analysis.

Best Gift Card Rates in Nigeria 2026

Discover the 2026 gift card rates in Nigeria. Find out which cards like Razer Gold, Steam, and Apple iTunes pay the most and why platforms like GiftCardsToNaira are preferred for fast cash conversion.

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.

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.

CBN Won't Fund Fiscal Deficits, Says Cardoso

CBN Governor Olayemi Cardoso declares an end to fiscal deficit financing, commits to single-digit inflation. Nigeria's economy shows resilience amid reforms. Read more.

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.

CBN Orders Banks To Withdraw Misleading Adverts

The Central Bank of Nigeria has ordered all banks to withdraw misleading advertisements. New rules require pre-approval notifications and compliance attestations to protect consumers.

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