CBN - Central Bank Of Nigeria
Nigerians rush to open accounts as bank announces 100% free charges for transactions
Nigerians will no longer pay for electronic transactions done on the Sterling Bank platform, the first in Nigeria, and others have been challenged to do the same.
Dealers slash cooking gas prices, announce new cost in Lagos, other regions
According to a Legit.ng market survey, a kilogram of gas currently costs N1,300 at retail establishments, a notable decrease from the previous cost of N1,500.
Naira missing as report shows top 10 strongest currencies in Africa in 2025
A recent report by Forbes Currency Converter has shown the top 10 strongest African currencies as of March 2025. However, the naira did not make the list.
Exchange rate windows drift further apart as naira hits N1,600/$, CBN sells $197.71m to dealers
The naira fell to a five-month low on Friday, April 4, 2025, trading at N1,600 per dollar in the official window, leading to CBN's intervention in the FX market
CBN urgently releases $197 milion into forex market as US tariff causes tension
The Central Bank of Nigeria made a $197.71 million investment in the foreign exchange market on Friday in order to preserve enough liquidity and stabilize trading.
JP Morgan predicts new naira exchange rate against dollar in 2025
A US top investment banker, JP Morgan, has predicted that the Nigerian currency will exchange for N1,450 per dollar due to changes in NNPC and CBN's FX reserve.
After getting $1.13 billion, Nigeria seeks new $10.50m World Bank loan
The Nigerian government is seeking a new World Bank facility of $10.50 million for the Central Bank of Nigeria (CBN) to help boost the payment and remittance system.
Naira experiences biggest fall in 2025 in official window, remains Stable in black market
The Nigerian naira depreciated sharply in the official foreign exchange market, trading at N1,569 per dollar from N1,534, the biggest fall in 30 days.
More competition for UBA, Zenith, Access, others as American giant firm set to operate in Nigeria
JP Morgan which has been doing business in Nigeria since the 1980s plans to apply for a commercial banking license from the CBN in the coming months.
CBN - Central Bank Of Nigeria
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