Dollar demand falls 35% to $3.42bn in Nigeria as lower FX outflows and stronger net inflows help the naira gain ground in April
NDIC begins payouts to depositors of 46 failed microfinance banks following CBN licence revocations, while pursuing loan recoveries and asset sales to settle uninsured deposits
CBN orders BDCs to return unused forex within 24 hours under new rules aimed at improving foreign exchange market oversight
The CBN has extended PoS geo-fencing enforcement to August 1, 2026, and widened the permitted terminal radius
CBN retained the interest rate at 26.5% amid inflation risks, exchange rate concerns and rising pressure on businesses and SMEs
CBN financial literacy education drive urges Nigerian students to learn money management skills during Global Money Week 2026 in Abuja
Nigeria bank recapitalisation IMF endorsement as the Fund praises CBN reforms, saying stronger banks will support stability and growth
NDIC winding down failed microfinance banks as it begins final phase of closing 89 defunct MFBs and PMBs across Nigeria
Nigerian Banks Recapitalisation Growth Drive gains momentum as banks deploy N4.65 trillion capital to support lending and economic expansion
Nigeria black market dollar rate rises to ₦1,408 per dollar as naira weakens, reflecting ongoing pressure in the parallel forex market
