24hrs News & Updates
Nigeria’s external reserves have climbed to $53.11 billion, reaching their highest level in more than 17 years and providing a significant boost to the country’s external financial position. The latest figure, recorded as of August 24, 2026, represents a continued upward trajectory in Nigeria’s reserves and brings the country within striking distance of the level…
The Central Bank of Nigeria (CBN) has reaffirmed that the standard ₦100 banknote remains legal tender across the country, warning Nigerians, businesses, financial institutions and other economic operators against refusing to accept it for transactions. The clarification followed reports that some traders, transport operators and members of the public had begun rejecting the standard ₦100…
There are indications that mergers and acquisitions may happen soon in the financial sector in Nigeria after the Central Bank of Nigeria (CBN) hinted on the need for recapitalization of Deposit Money Banks (DMBs) in the country. The governor of the apex bank, Dr Olayemi Cardoso had disclosed that Nigerian banks are not adequately capitalised…
Read More “Mergers, Acquisitions Loom As CBN Hints At Recapitalisation Of Nigerian Banks” »
The Apex Bank in Nigeria, has declared it’s decision to stem the fall of the naira by implementing a series of intervention measures that will be visible in the next few days. Folashodun Shonubi, acting governor of the CBN disclosed this while speaking with State House correspondents after a closed door meeting with President Bola…
Read More “New Measures Will Checkmate Speculators In The I&E, Parallel Forex Markets – CBN” »
The Central Bank of Nigeria (CBN) may increase the benchmark interest rate for the seventh time in spite of concerns about rising inflation and currency depreciation. This speculation is rife as the MPC begins its two-day crucial decision-making meeting tomorrow. It is expected that the committee would maintain its hawkish stance and raise the interest…
Read More “CBN Monetary Policy Committee May Hike Interest Rate Again” »
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said that the January 31st deadline for the validity of the old notes remains, and will not be changed. Emefiele announced this after the bank’s Monetary Policy Committee (MPC) meeting in Abuja on Tuesday, January 24. Godwin Emefiele spoke devoid of any ambiguity….
Read More “Old Naira Notes: No Going Back On January 31 deadline – CBN Gov. Godwin Emefiele” »