The Court of Appeal has reserved judgment on former Kaduna State governor Mallam Nasir Ahmad El-Rufai’s appeal challenging the denial of his bail.
The Nigerian currency strengthened against the dollar to N1,330.87 at NAFEM as forex turnover surged 334.8% and external reserves approached $55 billion.
Naira weakens slightly against dollar in official and parallel markets amid mixed performance, rising FX turnover, and expectations of improved CBN market reforms.
CBN will deploy artificial intelligence under PSV 2028 to enhance fraud detection, strengthen cybersecurity, and modernise Nigeria’s expanding digital payments.
Private sector credit rose to N700.31trn in 2025 as banks increased lending to oil, finance and agriculture while manufacturing recorded a sharp decline.
Bismark Rewane says naira remains undervalued by 13% despite FX reforms, with PPP analysis showing currency still below its estimated fair value.
Discover the top government-approved investment apps in Nigeria, simplifying wealth enhancement through smart investments and innovative fintech solutions.
CBN introduces stricter forex rules imposing penalties on banks for undocumented transactions to improve compliance, transparency in foreign exchange market.
Despite the rapid expansion of fintech companies, traditional banks continue to dominate deposit mobilisation and remain the primary custodians of customer funds.
The CBN's new Forex Manual outlines key updates, enhancing transparency and compliance in Nigeria’s forex market. Discover the seven major changes for 2026.
The Central Bank of Nigeria said foreign exchange remittances will not cover nursery, primary, secondary, foundation, or A-level education programmes abroad.
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