
Naira Gains 8.5% in February as CBN Intensifies Efforts to Stabilise Currency
The Naira gained 8.5% on the parallel market in February 2025, closing at ₦1,490/$ as the CBN’s forex interventions bolstered the currency
The Naira gained 8.5% on the parallel market in February 2025, closing at ₦1,490/$ as the CBN’s forex interventions bolstered the currency
The Central Bank of Nigeria (CBN) increased Open Market Operations (OMO) sales by 1,773% in 2024 to N11.8 trillion, aiming to curb inflation
Fidelity Bank Plc is on track to meet the CBN’s 2025 recapitalization deadline, with its oversubscribed fundraising campaign strengthening investor confidence.
CBN inflation control strategy aims to bring inflation rate down to a single-digit level as CBN Governor reaffirmed the MPC meeting decision
Nigeria’s February 19 Treasury Bills auction attracts N2.41 trillion in subscriptions, indicating an unshaken investor confidence.
CBN has issued a directive requiring banks and financial institutions to publish dormant accounts and unclaimed balances on their websites.
Nigeria’s inflation rate drops to 24.48% in January 2025, down from 34.80% in December 2024, following the rebasing of the Consumer Price Index (CPI)
CBN Governor Olayemi Cardoso emphasizes Nigeria’s commitment to digital financial inclusion, highlighting mobile money services
Nigeria’s Monetary Policy Committee will hold its first 2025 meeting on Feb 19–20, with analysts predicting no changes to the MPR
Central Bank of Nigeria (CBN) reassures the public of Keystone Bank safety following a court order granting the federal government takeover.