Sunday, July 12, 2026

Central Bank of Nigeria

July 9, 2026

Naira appreciates marginally against dollar at official market

Data published on the official website of the Central Bank of Nigeria (CBN) showed that the local currency gained 63 kobo.

U.S dollar
July 7, 2026

Naira extends gains as official exchange rate improves

The naira opened the trading week stronger on Monday, appreciating by N1.92 against the American dollar at the official foreign exchange market.

New Naira notes
July 3, 2026

Alleged $6. 23 Million Loot: Obazee seeks Buhari, Boss Mustapha’s trial

He told an Abuja High Court that Mr Mustapha must be in court to answer for the alleged $6.23 million CBN loot.

President Muhammadu Buhari and Boss Mustapha
July 3, 2026

PFIPC Scandal: NDC demands Gbajabiamila’s suspension, investigation over alleged N400 million bribe

The Nigeria Democratic Congress has called for the immediate suspension of Femi Gbajabiamila, the chief of staff to President Bola Tinubu, over bribery allegations.

Gbajabiamila with money bags as background
June 29, 2026

Femi Gbajabiamila collected N400 million bribe, demanded extra N200 million to set up PFIPC: Prince Adeyemi

Mr Adeyemi alleged that Mr Gbajabiamila also demanded 48 per cent of the PFIPC’s N27.4 billion take-off grant.

Ex speaker Hon. Femi Gbajabiamila
June 27, 2026

Naira closes week at 82 kobo loss to dollar

The currency, however, opened the week on a positive note, trading at N1,369.10 on Monday, June 22.

Naira and Dollar
June 23, 2026

U.S. Treasury designates Nigerian-based Mukhtar Muhammad, bureaux de change ISIS facilitators, seizes assets

“Any entities that are owned, directly or indirectly, individually or in the aggregate, 50 per cent or more by one or more blocked persons are also blocked,” said U.S. Treasury.

Bureau de Change and Islamic State of Iraq and Syria (ISIS)
June 19, 2026

Naira not at equilibrium, still vulnerable to external shocks, financial expert says

She said Nigeria remains highly vulnerable to disruptions in global markets because the bulk of its foreign exchange earnings still comes from crude oil exports.

Naira notes
June 9, 2026

IMF hails Nigeria’s economic reforms, urges stronger revenue mobilisation

The IMF said Nigeria’s gross international reserves rose to $46 billion in 2025, up from $40 billion at the end of 2024.

International Monetary Fund (IMF)
June 9, 2026

Recapitalisation: Guinea Insurance completes N1.5 billion statutory deposit payment

The company expressed appreciation to its shareholders, policyholders, brokers, customers and business partners for their continued support and confidence.

Guinea Insurance Plc