Nigeria's Central Bank is implementing stricter financial policies to combat inflation, leading to an interbank deficit of N4.1 trillion and impacting local banks.

An analysis piece discusses the performance of Nigeria's Central Bank Governor, Cardoso, noting his approach to criticism and comparing him to former governor Soludo.

The International Monetary Fund (IMF) has endorsed Nigeria's bank recapitalization, a key reform initiated by the Central Bank of Nigeria (CBN), highlighting its role in strengthening capital buffers and enhancing financial stability.

ABS-CBN chairman Piki Lopez held a town hall meeting, urging employees to ignore internal family noise, while cousins rallied for the media company's survival and growth.

The Central Bank of Nigeria has proposed establishing a mediation panel as the first point of resolution for loan-related disputes, aiming to reduce immediate recourse to courts.

Former CBN Deputy Governor Tunde Lemo announced his withdrawal from the Ogun 2027 gubernatorial race and declared support for another candidate.

The Nigerian House of Representatives Ad-Hoc Committee investigating the $460 million Closed Circuit Television (CCTV) surveillance project in the Federal Capital Territory has ordered the Central Bank of Nigeria (CBN) to suspend any further payments to ZTE Corporation.

A recent interest rate reduction by the Central Bank of Nigeria has led to a N380 billion increase in private sector borrowing, signaling a modest expansion in credit availability.

The Central Bank of Nigeria (CBN) has stressed the importance of strong governance and risk discipline for the success of the country's ongoing bank recapitalisation program. Dr. Blaise Ijebor, Director of Risk Management at the CBN, highlighted these factors as critical.

The Central Bank of Nigeria (CBN) implemented updated guidelines for agent banking, regulating Point of Sale (PoS) operators and financial service providers, effective April 1, 2026.

Rappler has published a series by Lala Rimando, "War in the boardroom," which delves into the history and internal workings of the influential Lopez family conglomerate, known for ABS-CBN.

CBN Governor Yemi Cardoso’s economic reforms are stabilizing Nigeria’s economy, rebuilding trust, and attracting global capital for growth.

•Unveil new payments vision as PSPC takes off By Babajide Komolafe The Central Bank of Nigeria (CBN), commercial banks and financial technology (fintech) operators have launched a joint industry…

CBN begins regulation of virtual asset custodians as banks mobilise N4.65 trillion fresh capital  The Guardian Nigeria News

The Philippine Supreme Court has dismissed GMA's ratings complaint against ABS-CBN, ruling that the aired statements by ABS-CBN hosts constituted privileged communications and a fair report regarding a TV ratings survey.

The Centre for the Promotion of Private Enterprise (CPPE) has commended the Central Bank of Nigeria (CBN) for the successful implementation of its bank recapitalisation programme, with 32 banks reportedly meeting the new minimum capital requirements.

The Central Bank of Nigeria (CBN) has significantly reduced its Ways & Means portfolio to N2.84 trillion, down from N26.95 trillion inherited by the current administration, as disclosed by Governor Olayemi Cardoso.

The Central Bank of Nigeria (CBN) has announced that International Oil Companies (IOCs) can now repatriate 100% of their export proceeds, a move aimed at boosting forex liquidity and market stability.

The Central Bank of Nigeria (CBN) is seeking continental collaboration to address cross-border risks and is committed to strengthening corporate governance within Nigeria's financial system.

The Central Bank of Nigeria (CBN) has reiterated its dedication to engaging with academic and research communities as the country moves towards a full Inflation Targeting (IT) monetary policy regime.

NALA Nigeria has announced a major expansion of its financial services following the approval of an International Money Transfer Operator (IMTO) licence by the Central Bank of Nigeria (CBN) The post…

By Elizabeth Adegbesan A Central Bank of Nigeria, CBN, survey has showed that 42.7 percent of respondents perceived interest rates on bank loans to be high in the past three months.

Nigeria's CBN reports Dangote refinery imported $3.74bn crude in 2025, reshaping the country’s oil trade. Concurrently, NNPC is boosting crude oil supply to the refinery to stabilize fuel availability amid global price surges.

Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has said that Nigeria’s recent monetary and financial-sector reforms have strengthened the country’s capacity to withstand external shocks and restored investor confidence. The post Cardoso: Nigeria’s financial reforms boost shock resistance, investor confidence appeared first on Vanguard News.

Signature Bank Limited has surpassed the Central Bank of Nigeria's ₦50 billion recapitalization requirement for regional commercial banks, raising its capital base to ₦52 billion through a rights issue.

The Central Bank of Nigeria (CBN) has implemented stricter rules for Bank Verification Number (BVN) enrollment, limiting it to individuals aged 18 and above and restricting phone number amendments to a one-time change, in an effort to curb fraudulent transactions.

The Central Bank of Nigeria (CBN) has instructed commercial banks to block loan defaulters, particularly large-ticket borrowers, from accessing new credit facilities within the banking system. The post CBN orders banks to deny loan defaulters access to new credit appeared first on Vanguard News.

Nigeria's Central Bank (CBN) has issued a directive immediately barring large borrowers with non-performing loans from accessing additional credit from banks.

By Elizabeth Adegbesan The Federal Government’s spending on debt service payments fell year-on-year (YoY) by 38.5 percent to $405.3 million in January 2026 from N659.7 million in the corresponding period of 2025. Analysis of data contained in the Central Bank of Nigeria’s, CBN, International Payment report showed that the downward trend also reflected in the federal […] The post FG’s spending on domestic debt service falls 38% to $405.3m appeared first on Vanguard News.

Tinubu nominates Lamido Yuguda as CBN deputy governor  The Guardian Nigeria News

Shareholders may forfeit dividends as CBN ‘penalises’ insider abuse  The Guardian Nigeria News

Data from the Central Bank of Nigeria indicates that Nigerians repaid N1.33 trillion in personal loans over the past year, as household borrowing decreased due to high interest rates.

The Central Bank of Nigeria (CBN) confirms 30 banks have met the new minimum capital rules under the ongoing bank recapitalisation exercise ahead of the de Read More: https://punchng.com/30-banks-met-recapitalisation-ahead-of-march-deadline-cbn/

…as currency outside bank drops 3% •Credit to govt, private sector shrinks  By Elizabeth Adegbesan Nigeria’s money supply (M²) fell by 0.8 percent month-on-month (MoM) to N123.4 trillion in January 2025 from N124.4 trillion in December 2025, indicating low liquidity in the banking system despite a decline in interest rate. Central Bank of Nigeria (CBN) Open Market […] The post Nigeria’s money supply drops slightly to N123trn appeared first on Vanguard News.

Nigeria's Central Bank has boosted its gold holdings to $3.5 billion through the purchase of locally sourced gold refined to London Bullion Market Association standards.

The Central Bank of Nigeria (CBN) boosts its gold reserves to $3.5bn by purchasing locally sourced gold, strengthening the country’s foreign reserves. Read More: https://punchng.com/cbn-raises-gold-reserves-to-3-5bn/

Depositors of the defunct Heritage Bank have appealed to Nigerian President Bola Tinubu and Central Bank Governor Olayemi Cardoso for a swift and full reimbursement of their trapped funds.

Nigeria’s Central Bank (CBN) enacts a rate cut to 26.5%, citing easing inflation and FX stability. Learn about the key drivers and fiscal risks involved. Read More: https://punchng.com/cbn-bets-on-easing-inflation-fx-stability-for-rate-cut/

The Court of Appeal sitting in Abuja, Friday, set aside and dismissed a N38,878,451,742.22 judgment earlier entered by a Federal High Court in favour of Mr. Joe Agi, SAN, over alleged consultancy fees arising from the Paris Club Refund. The post Appeal Court quashes N38.8bn judgment against CBN in Paris Club Refund dispute appeared first on Vanguard News.

The Economic and Financial Crimes Commission (EFCC) has tendered key Central Bank of Nigeria (CBN) meeting minutes as evidence in the N76bn fraud trial against former AMCON MD Ahmed Kuru, concerning the controversial Arik Air takeover.

Nigeria's Central Bank (CBN) announced that an executive order on oil revenues is expected to significantly boost the country's foreign reserves, which currently stand at $50.45 billion and provide 9.68 months of import cover.

The CBN governor noted that the development is a result of increased confidence of investors in the Nigerian banking sector The post Nigerian banks raise N4.05 trillion ahead of capitalisation deadline appeared first on Premium Times Nigeria.

CBN Governor Olayemi Cardoso announced this on Tuesday after the meeting of the CBN's Monetary Policy Committee. The post Breaking: CBN eases MPR by 50 basis points to 26.5% appeared first on Vanguard

CBN says digital cross-border payments can unlock growth and inclusion but must be carefully regulated to avoid financial instability and currency risks. The post CBN seeks safer digital cross-border payment systems appeared first on Premium Times Nigeria.

The Central Bank of Nigeria (CBN) has donated an FM-200 fire suppression system to the Kwara Fire Service, aiming to enhance its emergency response capabilities and public safety measures.

The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have signed a Memorandum of Understanding. This agreement aims to strengthen their collaboration in combating SIM-related fraud.

The Central Bank of Nigeria (CBN) is implementing new measures to enhance trust in the country's financial system by tightening oversight on virtual asset operators and digital financial platforms.

The Central Bank of Nigeria (CBN) and Financial Markets Dealers Associations have launched the Nigerian Overnight Financing Rate (NFOR) as a new money market benchmark to promote consistent pricing of money market instruments.

Former CBN Deputy Governor Tunde Lemo has announced his withdrawal from the 2027 Ogun governorship race, publicly endorsing Senator Solomon Adeola (Yayi) as the APC candidate.

ABS-CBN Corp. has confirmed that one of its directors suggested a complete shutdown of the media giant during an internal conflict within the company.

The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, is being lauded for delivering on promises made during his confirmation hearing in September 2023, bringing a positive outlook amidst challenges.

Polaris Bank partners with the Central Bank of Nigeria (CBN) for Global Money Week 2026, launching a financial literacy initiative to equip students with skills in saving and budgeting.

The Central Bank of Nigeria (CBN) has officially denied the authenticity of a widely circulated image depicting a new N5,000 banknote featuring President Tinubu, confirming it as fake.

Fresh details from a forensic audit report allege wide-ranging financial irregularities that led to the Central Bank of Nigeria's regulatory intervention in Union Bank of Nigeria (UBN).

Mr. Lemo, a former Deputy Governor of the Central Bank of Nigeria, has commended President Tinubu for his support of the Ogun airport project, anticipating it will significantly boost the state's economy, particularly in agricultural exports.

Former CBN Deputy Governor Tunde Lemo praises President Tinubu’s reforms and urges continued support, highlighting the new Ogun cargo airport project. Read More:…

Flutterwave, a Nigerian fintech company, has secured a banking license from the Central Bank of Nigeria, with its transaction volume now reaching $40 billion.

An analysis discusses the Central Bank of Nigeria's (CBN) role in financial system regulation, with the Association of Corporate Affairs Managers of Banks (ACAMB) recently commending the banking sector's over 96% compliance in meeting the recapitalization deadline under CBN's oversight.

A university professor has petitioned the Central Bank of Nigeria (CBN) and GTB, alleging that N9.98 million was fraudulently withdrawn from his account without his knowledge or authorization.

For Mr Cardoso, the message to investors was unequivocal: Nigeria is open for business under a new economic order.

Nigerian banks have successfully attracted N4.61 trillion in new capital as part of the Central Bank of Nigeria's recapitalization program, aimed at strengthening the country's financial sector.

The Central Bank of Nigeria (CBN) has been honored with the global 'Central Bank of the Year' award by Central Banking magazine. This recognition acknowledges the CBN's comprehensive policy reforms that have successfully restored macroeconomic stability and boosted investor confidence in Nigeria.

The Central Bank of Nigeria (CBN) has implemented a ban on maize importation, a policy decision with significant implications for the country's agricultural sector and food security.

The Central Bank of Nigeria (CBN) is expanding its anti-money laundering systems through the implementation of automation.

Nigeria’s current account surplus fell by 26 percent year-on-year (YoY) to $14.04 billion in 2025, down from $19.03 billion in 2024, the Central Bank of Nigeria (CBN) has disclosed in its 2025 Balance of Payments (BoP) report. The post Nigeria’s current account surplus drops 26% to $14.04bn in 2025 appeared first on Vanguard News.

By OLUSEGUN RASAQ Banks, mobile money operators, international money transfer operators and other financial institutions in Nigeria are required to deploy automated anti-money laundering, AML, systems under new baseline standards issued by the Central Bank of Nigeria, CBN. The CBN under its Governor, Olayemi Cardoso has strengthened financial crime detection and compliance mechanisms across the sector. […] The post CBN and the imperative of expanding anti-money laundering systems appeared fir...

Nigeria’s money supply dipped in January 2026, with cash outside banks falling by N198bn. Learn about the latest monetary trends from the CBN. Read More: https://punchng.com/cash-outside-banks-falls-by-n198bn-money-supply-dips/

Centres of Excellence established by the Central Bank of Nigeria (CBN) in various higher institutions, including UNILAG, are reportedly abandoned at different stages of completion.

The Central Bank of Nigeria (CBN) directs banks to deny new credit and banking services to large loan defaulters to improve credit discipline. Read More: https://punchng.com/cbn-bars-loan-defaulters-from-accessing-banking-services-new-credit/

Nigeria's ongoing recapitalisation of banks, driven by the Central Bank of Nigeria (CBN), is set to conclude by March 31 and is seen as a crucial step in the federal government's pursuit of a $1 trillion economy.

The Central Bank of Nigeria has extended the AML compliance deadline for banks to 18 months, aiming to strengthen financial system integrity and stability. Read More: https://punchng.com/cbn-extends-anti-money-laundering-compliance-deadline-for-banks/

Leaders from Nigeria's banking and fintech sectors have collectively stated that scale, resilience, and regulatory clarity must develop in tandem for the nation's financial sector to progress effectively.

The Central Bank of Nigeria (CBN) has affirmed Alpha Morgan Bank's capitalization, marking a key milestone for the bank's growth and its commitment to becoming a strong financial institution.

The Nigerian Senate has rejected the creation of a new fintech body, instead granting full oversight for fintech regulation to the Central Bank of Nigeria (CBN).

A Nigerian Senate committee has advocated for legislation to explicitly place fintech operations under the supervision of the Central Bank of Nigeria (CBN).

The directive followed concerns over incomplete documentation as lawmakers seek to ensure full remittance of export proceeds. The post Revenue Leakages: Reps direct Customs, CBN, NPA,, others to submit comprehensive export records appeared first on Premium Times Nigeria.

The Central Bank of Nigeria (CBN) has taken delivery of responsibly sourced gold, refined to London Bullion Market Association (LBMA) Good Delivery standards, for inclusion in its foreign reserves.

By Babajide Komolafe The Governor of  the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso has disclosed that the nation’s Net External Reserves rose 50.5 per cent, year-on-year, to $34.8 billion in 2025 from $23.11 billion in 2024.   In a statement from the apex bank, Cardoso said that the growth in external reserves reflects stronger external […] The post Nigeria’s Net External Reserves rises 50.5% to $34.8bn- Cardoso appeared first on Vanguard News.

Nigeria’s net forex reserves surged to $34.80 billion in December 2025, a significant jump reflecting policy reforms and investor confidence, says the CBN. Read More: https://punchng.com/forex-reserves-hit-34-8bn-in-december-2025-cbn/

The Nigerian Naira held its ground against the US Dollar on Thursday, February 26, 2026, as the market reacted to the Central Bank of Nigeria's (CBN) recent decision to enter a "stabilization phase." The post Dollar to Naira exchange rate today, February 26, 2026 appeared first on Vanguard News.

Thirteen Nigerian banks are facing a March 31 deadline for recapitalisation, with mergers being a likely outcome. Amidst this, Union Bank has reassured customers of its stability following remarks from the CBN Governor.

The Central Bank of Nigeria (CBN) has reduced its Monetary Policy Rate (MPR), the benchmark interest rate, by 50 basis points to 26.5%, as external reserves hit $50.4 billion.

Shettima made the remarks on Tuesday while speaking at the Progressive Governors Forum, Renewed Hope Ambassadors Strategic Summit in Abuja. The post Naira would’ve appreciated to N1,000/$ if not for C

A court has ordered the Central Bank of Nigeria (CBN), its agents, and 20 commercial banks to preserve copyright levy funds and report the amounts credited to MCSN, halting further withdrawals or transfers.

EFCC accused Mr Emefiele of keeping billions of naira in proxy accounts and unlawfully acquiring an estate with 753 housing units in Abuja while he was serving as the CBN governor. The post 753 Housing Saga: I didn’t receive payments directly from Emefiele but through his aide – Witness appeared first on Premium Times Nigeria.

Nigeria's Central Bank has introduced new BVN safeguards aimed at preventing financial fraud, but concerns are being raised regarding their potential benefits and drawbacks for customers.

The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have partnered to address and combat digital fraud signals.

Nigeria's NCC and CBN have signed a Memorandum of Understanding, establishing joint committees to enhance consumer protection in payment systems and manage telecom identity risks.

According to CBN Governor Olayemi Cardoso, Nigeria's recent economic reforms have successfully protected the country from severe hardship caused by global economic shocks.

The Central Bank of Nigeria (CBN) and the Financial Markets Dealers Association (FMDA) have collaborated to introduce a new money market benchmark. This initiative aims to align Nigeria with global best practices and enhance price discovery and transparency in the market.

A family dispute involving the large company ABS-CBN is being shaped by lawyers, headlines, and media framing, making it difficult for the public to distinguish between corporate explanations and family narratives.

Prime Video has unveiled its first local content slate for the Philippines, committing to seven Filipino Prime Original series through partnerships with ABS-CBN and GMA.

Former broadcast giant ABS-CBN has issued an emotional statement, responding to recent 'PR attacks' and emphasizing Kapamilya values amidst an ongoing feud between the Lopez cousins.

The Central Bank of Nigeria (CBN) is increasing its regulatory oversight of the digital finance sector. This move aims to improve stability, protect consumers, and build investor confidence in the rapidly expanding digital financial landscape.

A new CBN survey reveals the top business challenges in Nigeria, with power outages and insecurity leading the list.

Nigeria's Central Bank (CBN) and Polaris Bank have publicly denied rumors of the bank's liquidation, assuring the public that the Nigerian banking system remains safe and secure.

An analysis delves into the legacy of Cardoso at the Central Bank of Nigeria, highlighting his focus on orthodox monetary tightening, FX liberalisation, and governance reforms.

An analysis reviews the Central Bank of Nigeria's (CBN) enabling law, the CBN Act (2007), as it approaches its 20th anniversary next year, noting its mixed scorecard as a product of democratic civilian government.

Fintech company Flutterwave has received a banking license from the Central Bank of Nigeria (CBN), enabling it to expand its financial services beyond payments to businesses across Africa.

The Central Bank of Nigeria (CBN) has announced the conclusion of its banking sector recapitalization program, with 33 deposit money banks raising N4.65 trillion to expand lending and support economic growth.

The Central Bank of Nigeria has mandated all banks and financial institutions, including fintechs, to submit detailed reports on their cybersecurity frameworks within three weeks to enhance oversight and protect the financial system.

The Manufacturers Association of Nigeria Export Group (MANEG) has voiced concerns over the Central Bank of Nigeria's (CBN) policy excluding non-oil exporters from certain export proceeds repatriation.

The Central Bank of Nigeria (CBN) has appealed a Federal High Court judgment that nullified its takeover of Union Bank of Nigeria Plc, arguing the lower court erred in law by holding it acted outside its statutory powers.

The Central Bank of Nigeria (CBN) has announced the removal of the cash pool requirement for export proceeds of International Oil Companies (IOCs), as conveyed in a circular from the Director of Trade and Exchange.

Nigerian banks have raised N4.61 trillion ahead of the March 31 deadline, while the Central Bank of Nigeria (CBN) Governor, Mr. Olayemi Cardoso, continues to emphasize the need for African financial regulators to enhance cooperation in managing cross-border risks and ensuring stability.

Nigeria's Central Bank has instructed International Money Transfer Operators to establish naira settlement accounts, aiming to boost transparency and liquidity in the foreign exchange market.

The Central Bank of Nigeria has reaffirmed its commitment to an inflation-targeting framework, aiming to achieve single-digit inflation and long-term price stability, noting a sharp drop in inflation since 2024 and outlining its course to achieve this goal.

Under the revised ordinance, only patients with specific conditions, such as intractable diseases with no alternative treatment, will be allowed to use them.

By Babajide Komolafe Governor of the Central/ Bank/ of/ Nigeria (CBN), Mr./ Olayemi/ Cardoso, has said that Nigeria’s recent monetary and financial-sector reforms have built a stronger capacity to…

Nigeria’s recapitalised banks are now poised to drive the nation’s push for a $1tn economy, says CBN Governor Olayemi Cardoso. Read More: https://punchng.com/recapitalised-banks-key-to-nigerias-1tn-economy-push-cardoso/

The Nigerian naira continues its upward trend, strengthening to N1,355/$ at the official foreign exchange market, supported by stable conditions and CBN re Read More: https://punchng.com/naira-strengthens-to-n1355-per-dollar/

During Global Money Week 2026, the CBN urges customers to adopt safe banking practices.

Before his appointment to the CBN, Mr Bello had built a long career in development finance and public sector banking. The post Newly-appointed adviser on political economy, Bala Bello, thanks President Tinubu, pledges loyalty appeared first on Premium Times Nigeria.

Data published on the website of the Central Bank of Nigeria (CBN) showed the Naira gained N5.27 during Friday’s trading session. The post Forex: Naira ends week stronger appeared first on Premium Times Nigeria.

Nigeria's Central Bank (CBN) has implemented a new policy restricting the operation of mobile banking applications to a single device per customer, preventing simultaneous use on multiple devices.

By Peter Egwuatu, Assistant Business Editor As at today, 12th March 2026, 30 banks out of the 35 banks operating in the country have met the recapitalisation requirement of the Central Bank of Nigeria, CBN, according to findings by Vanguard. The remaining five banks have 19 more days to meet the recapitalisation deadline which ends […] The post 30 banks meet CBN recapitalisation rules 19 days to deadline appeared first on Vanguard News.

An analysis by Arize Nwobu delves into the role of Nigeria's Central Bank (CBN) and the dynamics of interest rates, highlighting their significance as key macroeconomic variables influencing the health and direction of the economy.

FCMB Group Plc announces a verified N288.96bn capital base, moving closer to the CBN’s N500bn recapitalization target for international banks. Read More: https://punchng.com/fcmb-hits-n288-96bn-capital-base-awaits-cbn-nod/

The Central Bank of Nigeria (CBN) has directed banks to conduct a comprehensive stress test on their credit portfolios beginning from April 1, 2026, as part of measures to ensure the continued stability of the nation’s banking system. The post CBN orders banks to conduct stress test from April appeared first on Vanguard News.

"As of 6 March, the recapitalisation exercise is progressing steadily. 30 banks have met the new minimum capital requirements applicable to their respective licence authorisations." The post 30 banks meet requirements as recapitalisation exercise progresses – CBN appeared first on Premium Times Nigeria.

The Central Bank of Nigeria (CBN) has taken delivery of responsibly sourced gold refined to London Bullion Market Association (LBMA) Good Delivery standards, as its governor advocates reforms to unlock Nigeria’s mineral potential.

Discover how CBN FX reforms have boosted Nigeria’s external reserves to $50.45bn and stabilised the naira, despite ongoing economic vulnerabilities. Read More: https://punchng.com/cbn-fx-reforms-boost-reserves-stabilise-naira/

Nigeria’s House of Reps investigates Customs, CBN, and others over pre-shipment inspection lapses and non-remittance of crude oil proceeds to curb revenue Read More:…

By Elizabeth Adegbesan The Naira yesterday depreciated to N1,376 per dollar in the parallel market from N1,370 per dollar on Monday. Similarly, the naira depreciated for the second time this week to N1,390 per dollar in the Nigerian Foreign Exchange Market, NFEM. Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange […] The post Naira depreciates to N1,376/$ in parallel market appeared first on Vanguard News.

Nigeria’s net foreign reserves surged by 772% to $34.8bn in two years, says CBN Governor Cardoso, citing policy reforms and investor confidence. Read More: https://punchng.com/net-reserves-jump-772-to-34-8bn-in-two-years/

The British Pound opened the first trading week of March 2026 with subtle fluctuations against the Nigerian Naira, reflecting a market that is currently digesting the Central Bank of Nigeria’s (CBN) latest shift toward monetary easing. The post Pound to Naira exchange rate today, March 2, 2026 appeared first on Vanguard News.

By Elizabeth Adegbesan The Naira yesterday depreciated to N1,391 per dollar in the parallel market from N1,350 per dollar on Tuesday. Likewise, the naira depreciated to N1,359.5 per dollar in the Nigerian Foreign Exchange Market, NFEM. Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira rose to […] The post Naira depreciates to N1,391/$ in parallel market appeared first on Vanguard News.

The Economic and Financial Crimes Commission (EFCC) informed a Lagos State Special Offences Court that the Board of Governors of the Central Bank of Nigeria (CBN) had approved the takeover of Arik Air Limited by the Asset Management Corporation of Nigeria (AMCON).

By Elizabeth Adegbesan The naira yesterday depreciated to N1,359 per dollar in the Nigerian Foreign Exchange Market, NFEM.However the Naira remained stable at N1,360 per dollar in the parallel market. Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira rose to N1,359 per dollar from N1,353.5 per […] The post Naira appreciates to N1,359/$ in official market appeared first on Vanguard News.

"Gross external reserves rose significantly to $50.45 billion as of February 16, 2026, the highest in 13 years. This provides an import cover of 9.68 months for goods and services,” Mr Cardoso said. T

The Central Bank of Nigeria (CBN) governor announced that diaspora remittances have reached $600 million monthly, with ongoing reforms targeting an increase to $1 billion in the near term.