central bank of Nigeria

Nigeria’s foreign direct investment (FDI)inflows dropped sharply in September 2026, falling 92 per cent month on month to just $11 million from $136.5 million in August. The decline highlights the country’s continued difficulty…

The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN) over its “failure to account for US$6.23 million in allegedly diverted or unaccounted-for election funds and over…

Currency in circulation (CIC) in Nigeria rose to a record N5.73 trillion at the end of 2025, reflecting stronger economic activity and sustained demand for cash, even as inflationary pressures moderated in the first half of 2026, according…

The Central Bank of Nigeria (CBN) has reassigned its four Deputy Governors in a strategic leadership reshuffle designed to improve coordination and operational effectiveness. The CBN management reshuffle, which took effect on 1 June…

In a bold move that redefines African banking standards, Zenith Bank has opted for long-term financial health over short-term optics. The bank’s recently released FY2025 results reveal a deliberate 23% drop in earnings per share…

The Central Bank of Nigeria (CBN), and the Bank of Angola have signed a Memorandum of Understanding (MOU) for bilateral technical cooperation on the sidelines of the ongoing Annual meetings of the IMF and World Bank to enhance bilateral…

1. Introduction The Central Bank of Nigeria (CBN) plays a pivotal role in shaping Nigeria’s macroeconomic trajectory. Over the past two years, under the leadership of Mr Yemi Cardoso, the CBN has undertaken comprehensive reforms aimed at…

Nigeria’s foreign exchange reserves have soared to $41.00 billion, marking the highest level in 44 months, according to data released by the Central Bank of Nigeria (CBN). The reserves have seen a robust increase of approximately $1.46…

The Central Bank of Nigeria (CBN) is set to conduct another round of treasury operations with ₦220 billion worth of Nigerian Treasury Bills (NTBs) up for auction across the standard 91-, 182-, and 364-day tenors on Wednesday. The offering…

Chinyere Almona, Director-General of the Lagos Chamber of Commerce and Industry (LCCI), a private sector body, has said the retained 27.5 per cent interest rate remains a significant obstacle for Nigerian businesses, urging the Central Bank…