CBN Removes Cash Deposit Limits, Raises Withdrawal Cap
Nigeria's Central Bank has abolished cash deposit limits and raised weekly withdrawal thresholds to N500k for individuals. New policy takes effect January 2026.
Category : Search result: CBN foreign exchange
Christmas Cash Demand Hits New Highs in Nigeria
Nigerians are scrambling for physical cash ahead of Christmas, driven by fears of ATM downtimes. The CBN tightens oversight as over N4.4 trillion remains outside banks. Read the full analysis.
IXPN Links Digital Economy to Local Internet Traffic
IXPN's MD, Muhammed Rudman, says localising internet traffic is vital for Nigeria's digital economy, boosting speed, security, and saving millions. Learn why this is a national imperative.
Nigeria's $2.25bn Eurobond Oversubscribed, Signals Investor Confidence
Nigeria raises $2.25bn via a heavily oversubscribed Eurobond, attracting over $13bn in orders. Analysts credit recent fiscal reforms and FX liberalisation for renewed global investor confidence in Africa's largest economy.
Naira Strengthens as Dollar Inflows Surge Over 64%
The Nigerian Naira receives a significant boost as dollar inflows into the FX market jump by 64.24% to $841.10 million, improving liquidity and strengthening the official rate. Read the full analysis.
Naira Weakens Against Dollar in Official, Black Markets
The Nigerian naira depreciated against the US dollar on Monday, December 1, dropping to N1,448.44/$1. Despite rising foreign reserves, currency pressure persists. Full details inside.
SEC Nigeria's Reforms Fuel Historic Market Growth
The Securities and Exchange Commission (SEC) Nigeria is transforming the capital market with new laws, investor protection, and tech. Market cap hit N91.3 trillion in November 2025. Discover the blueprint for economic prosperity.
Mother tricks daughter, swaps $20 gift for N460
A Nigerian mother's viral TikTok video shows her exchanging her daughter's $20 gift for just N460. The story sparks online debate about parenting and financial literacy. Read the full story and reactions.
Naira Begins December Strongly Against US Dollar
The Nigerian Naira rebounds against the USD, closing at N1,446.74. CBN interventions and $20.98bn foreign inflows boost confidence. Experts predict stability ahead. Read more.
Best Gift Card Rates in Nigeria 2026
Discover the 2026 gift card rates in Nigeria. Find out which cards like Razer Gold, Steam, and Apple iTunes pay the most and why platforms like GiftCardsToNaira are preferred for fast cash conversion.
CBN Consolidates Financial Market Reform Gains
CBN Governor Yemi Cardoso outlines progress in Nigeria's financial reforms as naira stabilizes, inflation drops to 16.05%, and reserves hit $46.7 billion. Learn how these gains impact Nigeria's economy.
CBN sells $36.60m to banks amid naira depreciation
Central Bank of Nigeria intervenes in forex market with $36.60 million sale to authorized dealers including Access, UBA, Zenith banks to stabilize naira. Experts analyze impact on currency stability.
Dangote Refinery Saves Nigeria N10bn Yearly
Dangote Refinery is saving Nigeria over N10 billion annually in foreign exchange by replacing fuel imports with locally refined products. Discover how this impacts Nigeria's economy.
Nigeria attracts $20.98bn foreign capital in 10 months
Nigeria recorded $20.98bn foreign capital inflows Jan-Oct 2025, a 70% surge. CBN Governor Cardoso credits FX reforms for market stability and renewed investor confidence.
Nigeria's Economy Stabilizes as Inflation Halves to 16.05%
CBN Governor Cardoso reveals Nigeria's economic turnaround: inflation dropped from 34.6% to 16.05%, forex reserves hit $46.7B, and growth reached 4.23%. Discover how reforms are driving sustainable growth.
Nigeria's Money Supply Reaches N119 Trillion
Nigeria's broad money supply increased to N119.04 trillion in October 2025, driven by rising domestic assets despite falling foreign reserves. Learn what this means for the economy.
Naira crashes to N1,443.91/$ as festive demand surges
Naira depreciates across all market segments as year-end FX demand intensifies. Expert analysis reveals why the pressure may continue through December despite rising external reserves.
Court dismisses Binance executive's detention claims
Federal High Court dismisses Tigran Gambaryan's suit against EFCC over detention. Court refuses to interfere with money laundering investigation. Full details inside.
16 Banks Meet CBN Recapitalisation Target
CBN reveals 16 banks have successfully met recapitalisation requirements as Governor Cardoso updates on monetary policy, forex gains, and economic progress.
IEI Appoints Dr Joyce Odiachi as Acting MD
International Energy Insurance Plc announces a major leadership transition. Dr Joyce Odiachi steps in as Acting MD following Olasupo Sogelola's resignation. Discover the company's next growth phase.
Nigeria FX Market Reaches $500m Daily Turnover
CBN Governor Cardoso reveals Nigeria's FX market now records $500m daily turnover without central bank intervention, marking a new era of transparency and stability.
Kebbi Rescue: Man Questions Students' Calm Demeanor
A Nigerian man observes the unusual calm of the recently rescued Kebbi students, questioning the official 'tactical rescue' narrative and suggesting a ransom payment.
Nigerian Export Certificates Accepted in 140 Nations
Nigeria achieves international accreditation milestone as NINAS recognition enables export certificates acceptance in 140+ countries, saving millions in forex and boosting MSMEs.
Naira Strengthens to N1,441/$ Amid CBN Policy Hold
Naira appreciates to N1,441/$ following CBN's decision to maintain MPR at 27%. Analysis of monetary policy impacts on currency stability and inflation control. Read more.
China-Nigeria Cultural Exchange Strengthens Ties
China and Nigeria enhance cultural cooperation through radio programs, educational exchanges, and creative industries. Discover how mutual learning builds stronger bilateral relations.
Naira Exchange Rate: CBN Sets N1,453/$ Amid $250M Injection
Naira strengthens against US dollar in official market, closing at N1,453.84/$1 after CBN's $250 million intervention. Get latest forex updates and market analysis.
Sell Bitcoin to Naira Instantly with Monica Cash
Convert Bitcoin to Naira instantly with Monica Cash. Get the best BTC to NGN rates, enjoy 0% fees, and secure transactions. Over 500,000 Nigerians trust us. Learn more!
CBN: Economy Improving But More Work Needed
CBN Deputy Governor Emem Usoro reports inflation at 16.05%, naira below ₦1500/$ but says Nigerians yet to feel relief. Calls for fiscal-monetary policy alignment.
Nigerians spend $1.39bn on foreign education in 6 months
CBN data reveals Nigerians spent $1.39 billion on overseas education in H1 2025, a 20% increase from 2024. This nearly equals Nigeria's entire 2025 education budget. Read analysis.
Naira weakens to N1,456.72/$ as economy faces pressure
Naira depreciates by 0.98% to N1,456.72/$ amid dollar demand and structural challenges. Nigeria's foreign reserves rise to $44.12 billion despite oil price decline. Learn more about the economic outlook.
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