CBN Injects $150m to Defend Naira as FX Pressure Mounts
The Central Bank of Nigeria (CBN) began the week by injecting $150 million into the foreign exchange market to support ...
Tag: CBN
Nigeria Emerges Africa’s Web3 Powerhouse with $130M in Startup Funding and Regulatory Shifts
Nigeria has cemented its place as Africa’s most active web3 market, with over 80 startups raising a combined $130 million ...
Nigerian Large Companies Default More on Bank Loans in Q1 2025, SMEs Fare Better – CBN
The Central Bank of Nigeria (CBN) has raised concerns over growing credit risks at the top end of the lending ...
CBN Moves to Shield FX Market from US tarrifs Impact, Sells $197m to Banks
In a statement on Saturday, signed by Omolara Duke, CBN’s director of financial markets, the regulator the sale was made ...
Manufacturers are Optimistic as Sector Shows Signs of Recovery After Challenging Period
Manufacturers in Ogun State are expressing optimism about the future of the sector following a challenging period marked by unsold ...
CBN Denies Report on Introduction of New N5,000 and N10,000 Banknotes
The Central Bank of Nigeria (CBN) has officially debunked a circulating report that claimed the bank is set to introduce ...
Nigeria’s Top Banks Face Heavy Forex Losses as CBN Closes Arbitrage Loopholes
Nigeria’s top-tier banks are no longer reaping massive foreign exchange gains as the Central Bank of Nigeria (CBN) has tightened ...
Nigerian Banks Turn to Costly Short-Term Debt as Liquidity Pressures Mount
Nigerian banks are increasingly relying on expensive short-term commercial papers (CPs) to manage liquidity shortages as the Central Bank of ...
Address Low Credit-to-GDP Ratio, Ex-CBN official Tasks Banks
Former Deputy Governor of the Central Bank of Nigeria, Dr. Sarah Alade, has called on Nigerian banks to address the ...
Finance Minister, CBN Governor Align Policies to Strengthen Nigeria’s Economy
Nigeria’s fiscal and monetary authorities have intensified efforts to harmonize their policies amid growing calls for better coordination to address ...
