Explore articles, news reports, and stories tagged with #CBN on Sentinel Digest.
The naira edged stronger on Thursday, trading at N1,331.61 per dollar in the official market, while external reserves slipped to $55.09 billion and inflation eased to 14.64% in September.
Nigeria’s financial sector recorded a loss of ₦52.26 billion to electronic fraud in 2024, more than double the amount lost in 2023. The IMF and World Bank’s Bangkok Blueprint offers a framework for tighter regulation, better cooperation and improved consumer protection.
President Bola Ahmed Tinubu ended Nigeria's fuel subsidy on May 29, 2023, causing gasoline prices to soar from N198 to N560 per litre within 48 hours. The hike has triggered widespread debate and placed severe strain on commuters, traders and ordinary households.
Nigeria recorded a 23.2% year‑on‑year rise in net foreign‑exchange inflows, reaching $35.77 billion in the first half of 2026, driven by stronger autonomous source receipts and a sharp fall in outflows.
Nigerians who find money taken from their accounts without consent can reclaim it by first filing a formal complaint with their bank and, if unresolved, escalating the issue to the Central Bank of Nigeria or the Federal Competition and Consumer Protection Commission.
United Bank for Africa surged five places to rank 15th among Africa’s 100 largest banks in 2026, as Nigerian lenders lifted their combined Tier 1 capital to $15.2 billion. The rise follows CBN‑mandated recapitalisation rules and stronger balance sheets across the sector.
Professor Akpan Ekpo told ARISE NEWS that the World Bank’s forecast of 4.1 % GDP growth for Nigeria is insufficient to curb poverty, create jobs or transform the economy, and that only sustained double‑digit growth over the next 15‑20 years can deliver real change.
The naira fell to N1,362/$ in the parallel market on Tuesday, while the official rate in the Nigerian Foreign Exchange Market improved to N1,331.5/$. Interbank turnover in the NFEM surged by over 330%, widening the gap between the two markets.