The naira traded at ₦1,439.90/$ on Nigeria’s official market and ₦1,460–₦1,469 on the parallel market on November 6, 2025, showing continued stability after recent CBN interventions.
The Central Bank of Nigeria denies reports claiming it allocated $1.25bn for fuel imports, clarifying that the figure reflected market-driven forex transactions, not direct CBN disbursements.
CBN data shows Nigeria’s net domestic credit dropped by 12.8% year-on-year to ₦98.97 trillion in August 2025, reflecting monetary policy easing. Experts urge stronger fiscal reforms...
CBN Governor Olayemi Cardoso will head Nigeria’s delegation to the 2025 World Bank and IMF Annual Meetings in Washington, replacing Finance Minister Wale Edun, who is...
The new digital Non-Resident BVN finally removes that barrier, even though it comes at a cost of about $50. While some may balk at the fee,...
In examining Nigeria's economic growth, the MPC highlighted the robust performance demonstrated in the second quarter of 2025. The real Gross Domestic Product (GDP) growth rate...
The Central Bank of Nigeria (CBN) confirms 14 banks have met new recapitalisation targets. Governor Yemi Cardoso announces MPR cut to 27% to support growth, as...
The MPC’s decision reflects a cautious shift towards easing, but Nigeria’s monetary policy remains among the tightest globally. By maintaining high CRR and LR while only...
The Central Bank of Nigeria has reduced the Monetary Policy Rate from 27.5% to 27%. Governor Olayemi Cardoso says the move aims to support economic recovery,...
Looking ahead, the CBN faces tough choices. Should it continue with heavy interventions in the economy, or focus strictly on its traditional regulatory role? Should it...