Nigeria recorded a $6.83 billion balance of payments surplus in 2024, the first positive external account in three years. The Central Bank of Nigeria (CBN) attributed...
The Central Bank of Nigeria (CBN) intervened in the foreign exchange market on Friday by selling $197.71 million to authorized dealers in an effort to stabilize...
Nigeria’s naira appreciated by 0.6 percent against the United States dollar on Wednesday after the Central Bank of Nigeria confirmed an increase in net foreign exchange...
Exporters and non-bank corporates contributed 64 percent of total dollar inflows into the Nigerian Foreign Exchange Market (NFEM) last week, surpassing all other sources, including the...
The Central Bank of Nigeria (CBN) has reiterated its commitment to combating financial crimes and safeguarding the nation’s financial system by reinforcing anti-money laundering (AML) measures...
The Central Bank of Nigeria (CBN) has voted to hold all key interest rates steady at 27.5% as the Monetary Policy Committee (MPC) wrapped up its first...
Nigeria’s broad money supply (M3) rose by 117.3% year-on-year to N110.98 trillion in January 2025 from N94.61 trillion in January 2024, according to the latest data...
Nigeria’s central bank is expected to keep its benchmark interest rate steady at 27.5% on Thursday, against the aggressive tightening it has been practicing since 2022....
The Central Bank of Nigeria (CBN) has directed all Nigerian banks to reduce their insider loans within the next six months as part of measures to enhance...
Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has called for stronger economic ties between Nigeria, the Middle East and the Nigerian diaspora community in the...