Central Bank of Nigeria

New N100 Note: CBN highlights distinctive features

The N100 banknote unveiled recently by President Goodluck Jonathan in November to commemmorate Nigeria's centenary…

Dollar sells for N198.60 in Lagos

Forex traders in Lagos said today that the Nigerian Naira was so battered that it…

Naira falls to N189 per dollar, CBN bans banks from holding dollar reserve

Nigeria's central bank has barred banks from holding their own funds in dollars in order…

Nigerian banks face cash squeeze, interbank rate jumps to 70%

Nigeria's overnight lending rate more than doubled to a record high of 70 percent on…

Fitch Ratings: State of Nigerian banks after Naira devaluation

Here is the press statement issued by global rating agency, Fitch Ratings, on the possible…

Nigerian banks scramble for cash as CBN hikes reserve limit

Nigeria's central bank on Wednesday advised banks it would drain a combined 568 billion Nigerian…

Nigeria devalues currency

The Central Bank of Nigeria (CBN) on Tuesday in Abuja announced devaluation of naira by…

Reuters: Nigeria's currency in line for battering, devaluation looms

Plunging oil prices, terrorism and messy pre-election politics are setting the stage for a rough…

SERAP sues CBN for shielding Boko Haram sponsors

A human rights group in Nigeria, Socio-Economic Rights and Accountability Project (SERAP) has dragged the…

"Boko Haram Funds Go Through CBN"-Davis

Reverend Stephen Davis , the Australian clergyman who is negotiating with Boko Aram on the release…