CBN
4 LAS News stories tagged “CBN”, newest first. Every story links its sources.
Naira falls to N1,367.61 per dollar as currency extends decline
The Nigerian Naira weakened further against the US dollar on Monday, dropping to N1,367.61 at the official rate despite a recent increase in the country's external reserves.
LAS News Desk · 27 Oct 2026, 00:00 WAT · 1 source
CBN grants JPMorgan preliminary clearance to set up merchant bank in Nigeria
The Central Bank of Nigeria has issued an approval‑in‑principle for JPMorgan to establish JPMorgan Merchant Bank Nigeria Limited, pending final licensing and incorporation steps. The move is part of broader reforms aimed at deepening market stability and attracting foreign investment.
LAS News Desk · 24 Oct 2026, 03:15 WAT · 3 sources
JPMorgan deposits N50bn to secure Nigerian merchant banking licence
The U.S. bank has placed N50 billion with the Central Bank of Nigeria, satisfying a key capital requirement for a merchant banking licence that could be granted by the end of 2026 or early 2027.
LAS News Desk · 21 Oct 2026, 04:45 WAT · 2 sources
Nigerian naira hovers around 1,330 per dollar as official rate steadies, parallel market remains higher
The official Nigerian foreign exchange rate stayed near ₦1,332 per US dollar on 20 October 2026, while the unofficial market continued to quote premiums above that level, reflecting ongoing pressure on the naira.
LAS News Desk · 20 Oct 2026, 06:46 WAT · 2 sources