Nigeria’s formal remittance market recorded its strongest monthly performance on record in July 2026, as inflows through International Money Transfer Operators (IMTOs) climbed to $947 million,...
By Blaise Udunze Five months after the Central Bank of Nigeria’s banking recapitalisation window closed, Nigerians are justified in asking an uncomfortable question, which is, what...
The Nigerian equities market gained N1.29 trillion in market capitalisation this week as investors responded positively to FTSE Russell’s decision to reclassify Nigeria to Frontier Market...
The naira exchange rate strengthened by 0.7 per cent week-on-week to N1,338.01 per dollar at the close of the week on Friday as increased foreign exchange...
Nigeria’s money market entered the final week of August with liquidity still firmly in surplus, even as the Central Bank of Nigeria (CBN) stepped up its...
Moody’s Ratings has changed Nigeria’s sovereign credit outlook from stable to positive, while affirming the country’s long-term foreign- and local-currency issuer ratings at B3. The rating...
The Federal Government has approved a framework for a national digital addressing system designed to improve how individuals, businesses and properties are identified and located across...
Nigeria’s headline inflation rate slowed to 15.43 per cent in July from 15.91 per cent in June, but the latest Consumer Price Index data point to...
The Central Bank of Nigeria (CBN) has opened applications for the second cohort of its Regulatory Sandbox Programme, allowing fintechs, financial institutions and technology companies to...
President Bola Tinubu has said his administration’s economic reforms are helping to stabilise Nigeria’s economy after the Nigerian Exchange (NGX) Group disclosed that the market capitalisation...
Nigeria’s economy may be entering a new phase of credit expansion as banks increase lending, businesses step up borrowing and loan defaults decline, signalling that years...
Banks, foreign investors lock funds in 20.10% yields as CBN mops up liquidity to support naira and tame inflation
Nigeria’s FX market started August on a stronger footing, with the naira appreciating against the United States dollar despite a slowdown in trading activity at the...
For years, Nigeria’s foreign exchange market struggled with more than just dollar shortages. It was weighed down by fragmented exchange rate windows, opaque pricing, speculative activity...
Nigeria’s foreign capital inflows almost doubled in 2025 as ongoing foreign exchange market reforms and attractive domestic investment yields restored investor confidence, with total capital importation...
CBN Retains Interest Rate at 26.5 per cent as the Central Bank of Nigeria (CBN) opted to maintain its tight monetary policy stance amid rising geopolitical...
President Bola Tinubu has signed an Executive Order establishing a coordinated regulatory framework for cryptocurrencies and other virtual assets. The Order is bringing the Central Bank...
The Central Bank of Nigeria (CBN) has launched a new tracking system for bureau de change operators, called the BDC FX Tracker. Alongside it, the CBN...
Members of the Central Bank of Nigeria’s Monetary Policy Committee (MPC) and private sector experts have raised fresh concerns that political spending ahead of the 2027...
The Central Bank of Nigeria (CBN) has reaffirmed that the standard N100 banknote remains legal tender across the country, following reports that some individuals and businesses...
