CBN - Central Bank Of Nigeria
Naira gains against dollar as CBN reports highest remittance inflows in 5 years
The naira rebounded against the US dollar in the official foreign exchange market on Thursday, April 10, 2025, closing at N1,634.500 from N1,644 per dollar.
CBN breaks new record under Cardoso with dollar inflows as naira trades at new rates
The Central Bank of Nigeria has broken a new remittance inflows as dollar inflows into Nigeria hit a five-year high at $20.98 billion in 2024 under Cardoso.
Dollar soars in official forex window as naira trades at new rates in all markets
The US dollar soared against the naira on Wednesday, April 9, 2025, despite CBN's injection of $197.71 million into the foreign exchange market to boost liquidity.
Opay: The only fintech awarded at the Leadership Awards
Nigeria's leading financial institution, OPay has been honored with the prestigious Fintech Company of the Year 2024 award by Leadership Newspapers.
“We have commenced”, NDIC announces plans to reimburse Heritage Bank depositors
Heritage Bank’s operating license was revoked in June 2024, and the Nigeria Deposit Insurance Corporation took over its assets to liquidate and settle depositors.
Opay, Palmpay, Moniepoint, other mobile money operators process $1.68 trillion in one year
GSMA's State of the Industry Report on Mobile Money has revealed that mobile money operators processed about 108 billion transactions valued at $1.68trn.
Corps members should be paid with e-Naira – Blockchain expert proposes
3 years after launch, the e-naira is yet to live up to the many expectations listed by the CBN. A Blockchain expert suggested ways to increase adoption.
Shareholders lament loss of profits as 10 banks declare N20.8 trillion mandatory deposit with CBN
The Cash Reserve Ratio of 50% mandates Deposit Money Banks to keep 50% of their deposits idle with the CBN, without getting any interest paid on it.
Naira crashes against US dollar, traders quote new exchange rate
The naira suffered another major loss against the US dollar, British pound, and the euro in both the official and unofficial foreign exchange markets.
CBN - Central Bank Of Nigeria
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