CBN - Central Bank Of Nigeria
At $23.11bn, CBN reports highest net FX reserves in 3 years as naira trades at new rates
The Central Bank of Nigeria (CBN) has reported a growth in Nigeria's net foreign exchange reserves, which hit $23,11 billion in 2024, marking an improvement.
Navigating the NIBSS BVN validation portal: a step-by-step guide to validating
Are you wondering how to navigate the NIBSS BVN validation portal? Read on for a step-by-step guide to validating and updating your Bank Verification Number (BVN).
Windfall Tax: Zenith Bank, GT, UBA, 6 others pay N205 billion as other banks drag feet
The windfall tax means that banks have to remit 70% of profits made from FX transactions in the 2023, 2024 and 2025 financial year. Zenith bank is in the lead.
Naira recovers against US dollar in official, unofficial markets
The value of the naira has appreciated against the United States Dollar in the official and unofficial foreign exchange markets as CBN gives support.
Naira appreciates against dollar in official, black markets after 4-day decline
The Naira strengthened slightly in the official market on Friday, March 28, 2025, trading at ₦1,536.82 per dollar in the CBN's official market...
Ecobank delivers big as profit skyrockets to N735.9 billion in latest report
Ecobank recorded a profit after tax of N735.9 billion for the fiscal year 2024, a 179% increase over the N263.5 billion reported for the previous year.
PalmPay unveils new debit card, partners Verve, marks evolution into full-service digital banking
One of Nigeria's fintech platforms, PalmPay, has unveiled its debit card amid fireworks for its millions of customers and a Premium Debit Card for high-end users.
Naira gets new ranking in list of weakest currencies in Africa
The Nigerian currency, naira, has been ranked among the worst-performing currencies in Sub-Saharan Africa, according to latest data from Forbes for March.
CBN releases new exchange rates as naira falls again in official window, appreciates in black market
The Nigerian currency, the naira, depreciated again in the Nigerian Foreign Exchange Market (NFEM) and gained in the parallel segment of the FX market.
CBN - Central Bank Of Nigeria
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