Nigeria’s export potential hindered by poor product quality – CBN
The Central Bank of Nigeria has identified poor product quality, substandard packaging, and weak branding as key challenges hindering the country’s ability…
CBN
CBN reaffirms support for SMEs driving economic growth
The Central Bank of Nigeria has reaffirmed its commitment to supporting the growth of Small and Medium Enterprises, recognizing the sector as…
Personal remittance inflow hits $20.93bn in 2024
The Central Bank of Nigeria has announced that personal remittance inflows increased to $20.93 billion in 2024, reflecting an 8.9% year-on-year growth.…
CBN injects $197.7m into FX market to ensure liquidity
The Central Bank of Nigeria injected $197.71 million into the foreign exchange market on April 4, 2025, as part of its ongoing…
FX Inflow surges to $27.81bn in Q4 2024 – CBN
The Nigerian economy experienced an increase in foreign exchange inflows in the fourth quarter of 2024, as stated in the latest Economic…
Oil firm sues CBN N4.1bn over alleged fraudulent receivership
Zumax Nigeria Limited has filed a N4.1 billion lawsuit against the Central Bank of Nigeria in the Federal High Court in Lagos,…
Money supply drops to ₦110.3tn in February
Money supply dropped to ₦110.3 trillion in February, marking a three-month low. This decrease followed the Central Bank of Nigeria’s efforts to…
65.5% of Nigerians favor lower lending rates – CBN Survey
A recent Household Expectations Survey conducted by the Central Bank of Nigeria in February 2025 has revealed that 65.5% of Nigerians support…
CBN uncovers N2.3m illicit naira dealings
The Central Bank of Nigeria has raised concerns about the rising incidence of illicit transactions involving banknotes, warning that this trend threatens…
Reps order CBN to halt new ATM charges policy
The House of Representatives directed the Central Bank of Nigeria to immediately suspend the implementation of increased ATM transaction charges and the…
CBN raises N2.72trn in T-Bills amid tight monetary policy
The Central Bank of Nigeria has disclosed that the federal government raised N2.72 trillion through Nigerian Treasury Bills in the first two…
CBN opposes EFCC’s bid to seize ₦2.7bn collateral property
The Central Bank of Nigeria has requested the Federal High Court in Abuja to dismiss a forfeiture case initiated by the Economic…