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• Naira Exchange Rates: Conversion of United States Dollar (USD), British Pound Sterling (GBP), and European Euro (EUR) to Nigerian Naira (NGN) at CBN Rates (NFEM) - Nigeria Currency Converter Calculator

• Central Bank of Nigeria has further raised its interest rate to 27.25 percent from 26.75 percent

• CBN begins the enforcement of cybercrime levy at 0.005 percent on all electronic transactions

• CBN directs all PoS providers to route transactions through an approved payment terminal

• CBN has given next-of-kins the authority to access funds in dormant accounts of their loved ones

• Central Bank of Nigeria has increased the benchmark lending rate to 26.75 per cent

• Central Bank of Nigeria has directed all Banks to deposit their excess foreign currency notes with its branches

• Many unregistered loan apps have continued operation through APK amid the ongoing clampdown by FCCPC

• Court has granted FG order of interim forfeiture of Godwin Emefiele's properties valued at N11,140,000,000

• CBN has lifted the restriction imposed on OPay, Moniepoint and other Fintech companies

• CBN announces revocation of operating license of Heritage Bank Limited with immediate effect

• CBN has raised the interest rate by 150 basis points from 24.75 per cent to 26. 25 per cent

• Central Bank of Nigeria has directed banks to charge 0.5 percent cybersecurity levy on transactions

• CBN has stopped mobile money operators like OPay, Palmpay, Kuda Bank, and Moniepoint from onboarding new customers

• Investors have lost over N3 trillion in just one month as CBN had increased the monetary policy rate (MPR)

• CBN has spent $581 million on forex interventions at the Nigeria Autonomous Foreign Exchange Market - FMDQ

• CBN has reduced deposit money banks’ Loan-to-Deposit Ratio, LDR, to 50 per cent from 65 per cent to boost lending capacity

• Former CBN Governor, Godwin Emefiele, has been granted bail by the Court after meeting the stipulated conditions

• Central Bank of Nigeria has banned the use of foreign currency-denominated collaterals for naira loans

• Central Bank of Nigeria has sacked a fresh batch of 40 staff mostly from the development finance department (DFD)

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Top Ten Trends and Articles This Week:

  • • Naira Exchange Rates: Conversion of United States Dollar (USD), British Pound Sterling (GBP), and European Euro (EUR) to Nigerian Naira (NGN) at CBN Rates (NFEM) - Nigeria Currency Converter Calculator
  • • 43,980 Tramadol Capsules Hidden in Vehicle Fuel Tanks, Intercepted by NDLEA Operatives in Taraba State
  • • EFCC Chairman Reveals How Internet Fraudsters Drained a Judge’s Six-Year Savings in Midnight Cyber Heist
  • • Russian hackers reportedly breach email accounts of British government officials and overseas Foreign Office staff
  • • Russian airstrike kills 23yr-old Nigerian medical graduate, Nnani Adaobi Marian in Ukraine
  • • What is Nonfarm Payroll (NFP) and Why it matters for interest rates? - It is a monthly report that counts how many paid jobs were added or lost in the U.S...
  • • How Kidnapped Students and Teachers in Oyo State Were Rescued in Old Oyo National Park, Nigeria
  • • Cyber Security: What Fraud Score of 59 on an IP Address Indicates - Safety Tips
  • • Two Russians Arrested After Climbing Spire of Empire State Building in New York, United States
  • • U.S. Supreme Court struck down Trump’s order at ending birthright citizenship
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