Nigeria’s currency appreciated across markets on Friday, with gains recorded in both the parallel and official foreign exchange windows.
New CBN directive permits 100% repatriation of export proceeds by IOCs, replacing earlier restrictions to deepen Nigeria’s FX market.
Check the latest Dollar to Naira exchange rates today, March 23, 2026. Get updates from the official Nigerian Forex Market (₦1,356.74) and parallel market rates (₦1,410–₦1,430),...
Deputy Governor Dr. Muhammad Abdullahi outlines CBN’s efforts to stabilize inflation, strengthen monetary policy, and boost transparency while targeting a 6–9% range.
At present, that measure is falling short. Macro-level indicators may suggest recovery, but the lived reality for the majority of Nigerians is one of rising costs,...
Nigeria has always prided itself as Africa’s largest economy and most populous nation. Currently, its banking sector is confronting a moment of truth that should send...
Persistent hurdles like corruption, board homogeneity, enforcement deficits, and family-owned conflicts necessitate targeted reforms: legislative updates to CAMA 2020, capacity building via IoD/ICAN, and proactive regulatory...
Food inflation in Nigeria jumps to 12.12% in February, driven by rising prices of key staples, according to the National Bureau of Statistics.
The true capital of any banking system is not just money. It is trust. And whether this recapitalisation ultimately succeeds will depend on whether Nigerians see...
CBN directs commercial banks to restrict access to loans, letters of credit, and guarantees for large-ticket borrowers with non-performing facilities.