Deutsche Bank has added Nigeria to its frontier FX monitor, describing the naira as undervalued and citing strong reserves, high real interest rates and oil prices as support for further…
The police chief says commanders have been briefed on election duties, as he was honoured by his old school in Lagos. Inspector-General of Police Olatunji Disu has assured Nigerians that…
Nigeria’s FX reserves have risen to $55.25bn, their highest level in more than 18 years, as the CBN reports stronger external balances and easing FX pressures. Olayemi Cardoso, governor of…
The CBN has cut Nigeria’s Monetary Policy Rate to 23% from 26.5%, its biggest cut in the current easing cycle. Here’s what it means for borrowers and savers. The Monetary…
The move places greater responsibility on banks and payment service providers to detect and report suspicious terrorism-linked transactions. The Central Bank of Nigeria (CBN) has elevated terrorism financing supervision to…
Nigeria's gross external reserves have risen to $52.66bn, a 17-year high that beats the CBN's own 2026 forecast, though net reserves remain far lower. Nigeria's gross external reserves rose to…
CBN Governor Olayemi Cardoso says all naira denominations, including N100 and N200 notes, remain legal tender and must be accepted. He attributes their scarcity to increased digital payments and reaffirms…
The Central Bank of Nigeria has retained the Monetary Policy Rate (MPR) at 26.5%. CBN Governor Olayemi Cardoso announced the decision after the Monetary Policy Committee's 306th meeting in Abuja,…
CBN plans to raise N5.8 trillion through Treasury Bills in Q3 2026, a 241% surge from N1.76 trillion in the same period last year, to fund the 2026 budget. The…
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks (MFBs), citing failure to meet regulatory requirements for continued operation. In a statement on Wednesday,…
