The Central Bank of Nigeria (CBN) has pegged the Customs exchange rate for cargo clearance at N1,601 to the dollar, due to ...

Nigerian banks experienced a record-breaking year, primarily driven by the Central Bank of Nigeria’s aggressive interest rate ...

The Central Bank of Nigeria (CBN) has raised a total of N804.85bn at its Open Market Operations auction conducted on Monday, ...

The naira continue to face pressure amid drop in oil prices leaving the Central Bank of Nigeria with more headache in finding ...

Nigeria's CBN rate hikes trigger a massive 524% surge in foreign investment, but FDI dips amid economic uncertainties and ...

Nigeria’s manufacturing investments plunged 35 percent in 2024, as high interest rate crush appetite for capita-intensive ...

The Nigerian central bank had a 13.9 trillion naira ($9 billion) loss on the settlement of overdue derivatives contracts in ...

Its earnings report, out on Friday, showed interest income at N180.5 billion, more than half the figure it reported a year ...

The benchmark rate is the standard interest rate set by central banks ... It added: “Greater formalisation of FX activity ...

The exchange rate between the naira and the US dollar depreciated to N1,596/$1 at the official Nigerian Foreign Exchange Market ...