Category : Search result: central bank updates

Nigeria Completes $5B Africa Energy Bank HQ in Abuja, Set for Launch

$5B Africa Energy Bank HQ Complete in Abuja

Nigeria has completed the headquarters of the $5 billion Africa Energy Bank in Abuja. Minister Heineken Lokpobiri confirms all host obligations are met, paving the way for operations to begin. Read more.

US Embassy Meets Tinubu's Aide in Abuja to Address Middle Belt Security

US-Nigeria Talks on Middle Belt Peace and Security

A US Embassy delegation met President Tinubu's aide, Dr Abiodun Essiet, in Abuja to discuss peace initiatives and security collaboration in Nigeria's North Central region. Learn the key outcomes.

CBN Injects $36.60 Million to Banks as Naira Faces Depreciation Pressure

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.

Kyrgyzstan arrests Chinese mining CEO over environmental damage

Chinese mining CEO arrested in Kyrgyzstan

Kyrgyz authorities detain Chinese CEO of gold mining firm accused of major environmental damage amid growing anti-China sentiment. Read full details.

Naira Dips 0.98% to N1,456.72/$ Amid Economic Pressure

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.

Naira Rebounds Against Dollar After Sharp Drop, FX Reserves Hit 7-Year High

Naira Recovers Against Dollar as FX Reserves Soar

Naira strengthens against US dollar after recent decline, closing at N1,452.13. Nigeria's foreign reserves hit $46.7 billion, highest in 7 years. Traders expect continued volatility despite positive indicators.

Afghanistan Seeks New Trade Routes as Pakistan Ties Sour

Afghanistan Diversifies Trade Amid Pakistan Dispute

Afghanistan is urgently seeking new trade partners after a border clash with Pakistan. The Taliban government is turning to Iran and Central Asia as $100 million in losses hit traders. Discover the economic fallout.

Plateau Diaspora Demands Action Against Killers in North Central Nigeria

US-Based Plateau Group Urges Crackdown on Killers

Plateau State Association USA urges Nigerian government to intensify security operations against armed groups in Plateau, Benue. Calls for arrests, prosecutions and humanitarian aid.

Zenith Bank Expands to Kenya with Paramount Bank Acquisition

Zenith Bank to Acquire Paramount Bank in Kenya

Zenith Bank Plc is set to enter the Kenyan market by acquiring Paramount Bank, marking a strategic step in its pan-African expansion. The deal awaits regulatory approval from Nigerian and Kenyan authorities.

9 Nigerian Banks Earn N14.7tn Interest Income in 9 Months

Nigerian banks post N14.7tn interest income

Nine major Nigerian banks reported a combined N14.72 trillion in interest income for the first nine months of 2025, a 27.68% increase driven by high interest rates. Discover which banks led the growth.

Moghalu Slams Emefiele as Disastrous CBN Governor and Political Puppet

Moghalu: Emefiele was disastrous CBN governor

Former CBN deputy governor Kingsley Moghalu condemns Godwin Emefiele's tenure, calling it disastrous and politically compromised. Read the full analysis of Nigeria's economic decline.

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