CBN Naira Settlement Accounts IMTOs
The Central Bank of Nigeria has directed all International Money Transfer Operators to open naira settlement accounts with authorized dealer banks, effective May 1, 2026.
Nigerian Banks Recapitalisation Deadline Approaches
The Central Bank of Nigeria has set a recapitalisation deadline for banks by March 31, 2026, with substantial capital already mobilised.
Nigeria New BVN Rules Introduced by Central Bank
The Central Bank of Nigeria has announced new rules for the Bank Verification Number system aimed at preventing fraud. These changes will take effect on May 1, 2026.
Dollar to Naira Today: Exchange Rates Update
The dollar to naira exchange rate has reached ₦1430 selling and ₦1410 buying in the black market as of March 15, 2026.
Dollar to Naira Today: Exchange Rates Update
The dollar to naira exchange rate has seen significant fluctuations, with the black market rates reaching ₦1430 for selling and ₦1410 for buying.
Nigerian naira appreciation us dollar: Nigerian Naira Appreciation Against US Dollar
On March 11, 2026, the Nigerian naira appreciated against the US dollar, recovering from previous weeks of depreciation. This development reflects broader economic trends in Nigeria.
Lamido abubakar yuguda nominated as CBN Deputy Governor
Lamido Abubakar Yuguda has been nominated as Deputy Governor of the Central Bank of Nigeria, pending Senate confirmation. His extensive experience includes leadership roles in finance and economics.
Fcmb n500bn recapitalisation
FCMB Group Plc has successfully raised N500 billion for its banking subsidiary, fulfilling the Central Bank of Nigeria's minimum capital requirement.
Fcmb n500bn recapitalisation
FCMB Group Plc has completed its N500 billion recapitalisation through a public offer and minority divestment, achieving key regulatory milestones.
Nigerian naira experiences significant depreciation
The nigerian naira faced significant depreciation on March 10, 2026, with notable impacts on the foreign exchange market.