Central Bank of Nigeria Archives - Freedom Online ...express yourself Mon, 10 Aug 2026 20:24:53 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0.4 https://freedomonline.com.ng/wp-content/uploads/2015/08/cropped-icon-32x32.png Central Bank of Nigeria Archives - Freedom Online 32 32 Naira Rebounds, Gains ₦5.54 Against Dollar at Official Market https://freedomonline.com.ng/naira-rebounds-gains-%e2%82%a65-54-against-dollar-at-official-market/?utm_source=rss&utm_medium=rss&utm_campaign=naira-rebounds-gains-%25e2%2582%25a65-54-against-dollar-at-official-market https://freedomonline.com.ng/naira-rebounds-gains-%e2%82%a65-54-against-dollar-at-official-market/#respond Mon, 10 Aug 2026 20:24:53 +0000 https://freedomonline.com.ng/?p=282491 The Nigerian naira strengthened against the United States dollar on Monday, reversing recent losses at the official foreign exchange market. The local currency traded at ₦1,360.14 per dollar, according to exchange-rate data from the Central Bank of Nigeria (CBN). The latest rate represents an appreciation of ₦5.54, compared with the ₦1,365.68 per dollar level recorded […]

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]]> https://freedomonline.com.ng/naira-rebounds-gains-%e2%82%a65-54-against-dollar-at-official-market/feed/ 0 Okonjo-Iweala: 72% of Global Goods Trade Still Operates Under WTO Rules https://freedomonline.com.ng/okonjo-iweala-72-of-global-goods-trade-still-operates-under-wto-rules/?utm_source=rss&utm_medium=rss&utm_campaign=okonjo-iweala-72-of-global-goods-trade-still-operates-under-wto-rules https://freedomonline.com.ng/okonjo-iweala-72-of-global-goods-trade-still-operates-under-wto-rules/#respond Thu, 30 Jul 2026 16:54:22 +0000 https://freedomonline.com.ng/?p=281919 About 72 per cent of global goods trade continues to take place under the core rules of the World Trade Organisation despite growing uncertainty over tariffs and international trade policies. WTO Director-General Ngozi Okonjo-Iweala disclosed this while addressing participants at the seventh Africa Emerging Markets Forum in Abuja. The event was jointly organised by the […]

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]]> https://freedomonline.com.ng/okonjo-iweala-72-of-global-goods-trade-still-operates-under-wto-rules/feed/ 0 Tinubu Group Says Nigeria’s $40bn Net Foreign Reserves Validate Economic Reforms https://freedomonline.com.ng/tinubu-group-says-nigerias-40bn-net-foreign-reserves-validate-economic-reforms/?utm_source=rss&utm_medium=rss&utm_campaign=tinubu-group-says-nigerias-40bn-net-foreign-reserves-validate-economic-reforms https://freedomonline.com.ng/tinubu-group-says-nigerias-40bn-net-foreign-reserves-validate-economic-reforms/#respond Mon, 20 Jul 2026 15:27:34 +0000 https://freedomonline.com.ng/?p=281416 The Tinubu Stakeholders Forum says the rise in Nigeria’s net foreign reserves from about $3 billion in 2023 to more than $40 billion is a major sign of improving economic stability. The political group said the development showed that reforms introduced by President Bola Tinubu were restoring confidence in the Nigerian economy. The position was […]

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]]> https://freedomonline.com.ng/tinubu-group-says-nigerias-40bn-net-foreign-reserves-validate-economic-reforms/feed/ 0 Alleged $6.23m CBN Fraud: Obazee Seeks Wider Trial Beyond Emefiele https://freedomonline.com.ng/alleged-6-23m-cbn-fraud-obazee-seeks-wider-trial-beyond-emefiele/?utm_source=rss&utm_medium=rss&utm_campaign=alleged-6-23m-cbn-fraud-obazee-seeks-wider-trial-beyond-emefiele https://freedomonline.com.ng/alleged-6-23m-cbn-fraud-obazee-seeks-wider-trial-beyond-emefiele/#respond Fri, 03 Jul 2026 16:20:40 +0000 https://freedomonline.com.ng/?p=280339 Mr Jim Obazee, the special investigator appointed by President Bola Tinubu, has called for wider prosecution in the alleged $6.23 million fraud case involving former Central Bank of Nigeria Governor, Godwin Emefiele. Obazee made the call while testifying before an Abuja High Court as the 15th prosecution witness in Emefiele’s ongoing trial. The Economic and […]

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]]> https://freedomonline.com.ng/alleged-6-23m-cbn-fraud-obazee-seeks-wider-trial-beyond-emefiele/feed/ 0 NDIC Begins Liquidation of 46 Failed Microfinance Banks as Customers Seek Fast Payment https://freedomonline.com.ng/ndic-begins-liquidation-of-46-failed-microfinance-banks-as-customers-seek-fast-payment/?utm_source=rss&utm_medium=rss&utm_campaign=ndic-begins-liquidation-of-46-failed-microfinance-banks-as-customers-seek-fast-payment https://freedomonline.com.ng/ndic-begins-liquidation-of-46-failed-microfinance-banks-as-customers-seek-fast-payment/#respond Fri, 03 Jul 2026 15:37:30 +0000 https://freedomonline.com.ng/?p=280311 Bank customers have praised the Nigeria Deposit Insurance Corporation for moving quickly after the Central Bank of Nigeria revoked the licences of 46 microfinance banks across the country. The customers, who spoke in Abuja on Friday, said NDIC’s immediate liquidation action was encouraging but urged the corporation to make the process simple, fast and accessible […]

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]]> https://freedomonline.com.ng/ndic-begins-liquidation-of-46-failed-microfinance-banks-as-customers-seek-fast-payment/feed/ 0 Federal High Court Orders eNaira Payment Solutions Ltd to Change Name, Favors CBN https://freedomonline.com.ng/federal-high-court-orders-enaira-payment-solutions-ltd-to-change-name-favors-cbn/?utm_source=rss&utm_medium=rss&utm_campaign=federal-high-court-orders-enaira-payment-solutions-ltd-to-change-name-favors-cbn https://freedomonline.com.ng/federal-high-court-orders-enaira-payment-solutions-ltd-to-change-name-favors-cbn/#respond Fri, 22 May 2026 12:42:11 +0000 https://freedomonline.com.ng/?p=277726 The Federal High Court, Abuja, has ordered eNaira Payment Solutions Ltd to cease using the name “eNaira,” ruling in favor of the Central Bank of Nigeria (CBN) Justice James Omotosho delivered the judgment on Friday, granting a perpetual injunction and imposing a N10 million fine on the company. The court determined that the company’s name […]

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]]> https://freedomonline.com.ng/federal-high-court-orders-enaira-payment-solutions-ltd-to-change-name-favors-cbn/feed/ 0 Nigerian banking system is stable, CIBN assures Nigerians https://freedomonline.com.ng/nigerian-banking-system-is-stable-cibn-assures-nigerians/?utm_source=rss&utm_medium=rss&utm_campaign=nigerian-banking-system-is-stable-cibn-assures-nigerians https://freedomonline.com.ng/nigerian-banking-system-is-stable-cibn-assures-nigerians/#respond Wed, 12 Jun 2024 21:32:31 +0000 https://freedomonline.com.ng/?p=229271 The Chartered Institute of Bankers of Nigeria (CIBN) on Wednesday reassured Nigerians that the banking system remained “safe, sound and resilient,” dispelling fears of bank liquidations.   President/Chairman of Council, CIBN, Prof. Pius Olanrewaju gave the reassurance in a statement in Lagos to correct misinformation and fake news that licence of more banks will be […]

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]]> https://freedomonline.com.ng/nigerian-banking-system-is-stable-cibn-assures-nigerians/feed/ 0 CBN revokes licence of Heritage Bank https://freedomonline.com.ng/cbn-revokes-licence-of-heritage-bank/?utm_source=rss&utm_medium=rss&utm_campaign=cbn-revokes-licence-of-heritage-bank https://freedomonline.com.ng/cbn-revokes-licence-of-heritage-bank/#respond Mon, 03 Jun 2024 10:37:58 +0000 https://freedomonline.com.ng/?p=228028 The Central Bank of Nigeria (CBN), has announced revocation of the licence of Heritage Bank Plc with immediate effect. This is according to a statement issued by Hakama Sidi-Ali, the Acting Director, Corporate Communications Department on Monday in Abuja. Sidi-Ali said that the action was in accordance with the apex bank’s mandate to promote a […]

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]]> https://freedomonline.com.ng/cbn-revokes-licence-of-heritage-bank/feed/ 0 Nigeria, UK’s trade relations currently  worth £7bn   – Envoy  https://freedomonline.com.ng/nigeria-uks-trade-relations-currently-worth-7bn-envoy/?utm_source=rss&utm_medium=rss&utm_campaign=nigeria-uks-trade-relations-currently-worth-7bn-envoy https://freedomonline.com.ng/nigeria-uks-trade-relations-currently-worth-7bn-envoy/#respond Sun, 05 May 2024 17:14:17 +0000 https://freedomonline.com.ng/?p=224382 Dr Richard Montgomery, the British High Commissioner in Nigeria, on Sunday said trade relations between Nigeria and the United Kingdom (UK) currently stands at  about seven billion pounds sterling. Montgomery said  that Nigeria and the UK signed a new agreement on enhanced trade and investment partnership and agreed to work on a range of sectors. […]

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]]> https://freedomonline.com.ng/nigeria-uks-trade-relations-currently-worth-7bn-envoy/feed/ 0 Forex market: BDC operator calls for collective efforts to stabilise naira https://freedomonline.com.ng/forex-market-bdc-operator-calls-for-collective-efforts-to-stabilise-naira/?utm_source=rss&utm_medium=rss&utm_campaign=forex-market-bdc-operator-calls-for-collective-efforts-to-stabilise-naira https://freedomonline.com.ng/forex-market-bdc-operator-calls-for-collective-efforts-to-stabilise-naira/#respond Fri, 10 Nov 2023 19:09:57 +0000 https://freedomonline.com.ng/?p=211052 The Managing Director, 313 Bureau de Change, Alhaji Murtala Bashir, has emphasized the need for collective efforts to ensure the stability of the naira at the Foreign Exchange Market in Nigeria. Bashir made the call in a statement made available on Friday in Abuja. He said the Federal government and the Central Bank of Nigeria […]

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