Central Bank of Nigeria
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Economy
CBN’s 306th MPC meeting retains interest rate at 26.5%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has opted to maintain its current monetary policy…
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Economy
CBN mops up ₦4.74 trillion via OMO auctions in two days
The Central Bank of Nigeria absorbed approximately ₦4.74 trillion from the financial system through a series of Open Market Operations…
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Economy
Providus Bank and Unity Bank merge to launch ProvidusUnity Bank
The merger between Providus Bank and Unity Bank has been formally concluded, giving rise to a new institution ProvidusUnity Bank…
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Economy
Nigeria’s External Reserves Gain $551m in May as FX Outlook Strengthens
Nigeria’s foreign exchange reserves have rebounded strongly in May 2026, rising by approximately $551 million after sustained pressure throughout April,…
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Economy
CBN FX Policy: CBN Reopens FX Market to BDCs to Boost Dollar Liquidity
The Central Bank of Nigeria (CBN) has approved the return of licensed Bureau De Change (BDC) operators to the Nigerian…
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Economy
Nigerian Banks Ready for Trillion-Dollar Economy Push
The Central Bank of Nigeria (CBN) has affirmed the preparedness of the Nigerian banks for the ongoing recapitalization exercise. The…
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