The Central Bank of Nigeria (CBN) has lowered its benchmark interest rate for the first time in more than three years, cutting the Monetary Policy Rate (MPR) from 27.5% to
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By Bashir Bello The Central Bank of Nigeria (CBN) has restated its commitment to deepening financial inclusion and driving productivity as part of its broader strategy to strengthen the nation’s
Nigeria’s industrial sector recorded a slowdown in August 2025, slipping into contraction after months of marginal growth, according to the Central Bank of Nigeria’s latest Purchasing Managers’ Index (PMI). The
Following the naira’s depreciation, the Central Bank of Nigeria has raised the exchange rate for calculating import duty at Nigeria’s ports to N1,457.014 per dollar. The Customs Forex duty rate
A former member of the House of Representatives, Aliyu Gebi, has shared insights on the recent directive from the Central Bank of Nigeria requiring banks to start deducting cybersecurity levy
CBN Building The Central Bank of Nigeria has released a comprehensive list of licensed Deposit Money Banks operating within the country. The list, which was made public on the CBN’s
The Senate has resolved to debit the accounts of commercial banks that guaranteed loans to beneficiaries of the Anchor Borrowers Programme of the Central Bank of Nigeria. The Senate vowed
The naira depreciated yesterday to N1,205 per dollar in the parallel market from N1,185 per dollar last Friday. However, the naira appreciated to N864.29 per dollar in the Nigerian Foreign Exchange
Barely one year after his sack as the Managing Director of the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), Aliyu Abdulhameed, has been arrested, Daily Trust reports. NIRSAL,
The naira sustained its slide against the United States dollar yesterday, as it weakened to an all-time low on the parallel market where it sold at N1100/$1 for weaker than
