Ondo Residents Report Irregularities in FG Cash Transfer
Residents of Ero Community in Ondo State allege irregularities in the FG's conditional cash transfer, citing deceased individuals on beneficiary lists. Calls for transparency grow.
Category : Search result: CBN cash withdrawal limit
House Probes ₦1.12tn Anchor Borrowers Fund Diversion
Nigerian House of Representatives investigates alleged diversion of ₦1.12tn agricultural funds. Lawmakers demand accountability for food security programs. Read the full investigation details.
Naira falls 0.39% against dollar, CBN to intervene
Naira depreciates to N1,448.03/$1 in official market as traders quote new rates. CBN expected to resume strong intervention to prevent further decline. Full analysis inside.
Nigeria's FX inflows fall to $672m despite naira strength
Nigeria's foreign exchange inflows dropped to $672.30 million despite naira strengthening in both official and parallel markets. Foreign portfolio investors remain key dollar suppliers as analysts warn of speculative risks.
Inflation Falls to 16.05% Amid Food Price Drop
Nigeria's inflation rate declines to 16.05% in October 2025 as food prices drop and naira strengthens. Farmers lament crashing prices while government nears 15% target.
Sell Bitcoin to Naira in Seconds with Monica Cash
Monica Cash offers Nigerians instant Bitcoin to Naira conversion at competitive rates. Convert BTC securely, pay bills, and access virtual dollar cards all in one app. Join 500,000+ trusted users today!
Naira falls against dollar despite rising FX reserves
Naira depreciates to N1,442.43/$1 in official market as foreign exchange demand increases ahead of festive season. Nigeria's FX reserves climb to $43.5 billion - the highest level in six years.
Moghalu: Emefiele was political poodle, not banker
Ex-CBN deputy governor Kingsley Moghalu describes Godwin Emefiele's tenure as disastrously incompetent. Read the explosive analysis of Nigeria's economic challenges.
SERAP to CBN: Account for Missing N3tr or Face Lawsuit
SERAP demands CBN Governor explain missing N3 trillion public funds documented in Auditor-General's 2022 report. Legal action threatened if no response within 7 days.
CBN Sells $50m to Banks as Naira Falls Amid Dollar Demand
Central Bank intervenes with $50 million FX sale to Access, Zenith, UBA amid naira volatility. Naira falls to N1,472/$ in parallel market despite reserves growth. Read latest analysis.
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.
CBN Rate Hikes Boost Fixed Income Demand in Nigeria
CBN's aggressive 875bps interest rate hikes in 2024 dramatically increased demand for fixed income instruments while crowding out private sector borrowing. Discover key market impacts.
FUTA: Misconduct May Lead to Certificate Withdrawal
FUTA warns graduates that misconduct or misrepresentation could result in certificate withdrawal. 2,747 students graduated, with 240 earning First Class honors.
Naira gains as external reserves reach $43.4 billion
Nigeria's naira recovers against USD, trading at N1441 after external reserves surge to $43.4bn. Market sentiment improves as blocked funds decline. Read latest FX updates.
Smart Nigerian Forex Traders Avoid Cash Settlements
Discover why Nigerian forex traders are protecting positions with risk management instead of cash settlements. Learn strategies for sustainable trading success in Nigeria's volatile market.
EU Ends Duty-Free Chinese Imports Under €150
EU states agree to remove duty exemption on small parcels from China to combat unfair competition. New €2 handling fee and earlier 2026 implementation planned.
New Bank Lending Rates Released by CBN for 2025
Central Bank of Nigeria publishes updated lending rates for Access Bank, UBA, Zenith Bank and others. See the new prime and maximum rates affecting loans.
NASS Officials Jailed for N4.8m Job Fraud
ICPC secures conviction of two National Assembly staff for a N4.8m job scam involving fake CBN and FIRS employment. Justice served as convicts refund money. Beware of fake job offers!
Naira falls to 10-day low against US dollar
Naira reverses gains, crashing to N1,443.08 against USD in official market. Third straight day of losses as mid-month demand pressures mount. Read full analysis.
Naira Gains as Pound Sterling Falls Below N2,000 Mark
Nigerian naira strengthens significantly against British pound, dropping below N2,000 in both official and parallel markets. CBN reforms drive currency stability as forex reserves hit $43.34 billion.
Islamic Banks in Nigeria Increase to Five with New Entry
Summit Bank Limited begins operations as Nigeria's fifth Islamic bank, expanding Sharia-compliant financial services accessible to all Nigerians regardless of religion.
GTBank Raises Naira Card Dollar Limit to $6,000
GTBank has increased international spending limits on naira cards from $1,000 to $6,000 per quarter. The move reflects improved forex liquidity and market stability. Learn how this affects Nigerian cardholders.
Naira Exchange Rate Stable Amid FX Reserve Growth
Nigerian naira shows minimal movement across forex markets as external reserves reach $43.34 billion. Expert analysis reveals stability outlook amid fluctuating dollar supply.
Standard Chartered Nigeria Closing Branches from 2026
Standard Chartered Bank Nigeria announces branch closures starting January 2026 as part of digital transformation strategy. Bank confirms meeting CBN's N200bn capital requirement early.
First Bank Holdings Posts N450.9B Profit
First Bank of Nigeria Holdings Plc announces staggering N450.9 billion profit as it strategically positions itself for Central Bank of Nigeria's banking sector recapitalisation requirements.
Dangote Refinery Withdraws Lawsuit Against NMDPRA
In a dramatic turnaround, Dangote Refinery has withdrawn its lawsuit challenging the NMDPRA's issuance of import licenses to competitors. Discover how this decision could reshape Nigeria's energy landscape and fuel pricing.
Naira Falls Again: Loses Ground Against US Dollar
The Nigerian naira has reversed its recent gains, depreciating significantly against the US dollar across both official and parallel markets. This latest development raises concerns about currency stability and economic recovery efforts.
CBN's Critical Rate Decision: Hold or Hike Amid Economic Pressures?
Nigeria's Monetary Policy Committee faces tough choices as inflation soars and economic growth slows. Experts analyze potential outcomes ahead of crucial rate decision.
Glo Nigeria Launches Cash Prize Lottery for Subscribers
Glo launches thrilling cash prize lottery exclusively for Nigerian subscribers. Discover how to participate and win amazing rewards while staying connected.
Standard Chartered Meets CBN ₦200bn Recapitalisation
Standard Chartered Bank Nigeria has successfully met the Central Bank of Nigeria's ₦200 billion recapitalisation requirement, positioning itself as a leader in the new banking landscape.
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