Forex stability, $52.5bn reserves signal Nigeria’s economic recovery – Cardoso
Forex stability, $52.5bn reserves signal Nigeria’s economic recovery – Cardoso The Central Bank of Nigeria on Tuesday said the recent stability in the foreign exchange market, rising foreign reserves and moderation in inflation are indications that its ongoing monetary reforms... Read More →
Banks park N83.95tn with CBN as liquidity rises
Banks park N83.95tn with CBN as liquidity rises Nigerian banks significantly increased the amount of funds placed with the Central Bank of Nigeria through its Standing Deposit Facility in July, indicating a sharp rise in excess liquidity within the financial... Read More →
Foreign reserves near $53bn as CBN reforms gain traction
Foreign reserves near $53bn as CBN reforms gain traction The Central Bank of Nigeria on Tuesday said recent stability in the foreign exchange market, rising foreign reserves and moderating inflation indicate that its ongoing monetary reforms are beginning to yield... Read More →
Naira ends July weaker, closes at N1,368.22/$
Naira ends July weaker, closes at N1,368.22/$ The naira closed July on a weaker note at the official foreign exchange market, extending its week-long depreciation to settle at N1,368.22 per dollar on Friday. Data from the Central Bank of Nigeria... Read More →
Mobile money transactions surge 81% to N372tn – CBN report
Mobile money transactions surge 81% to N372tn – CBN report Nigerians conducted mobile money transactions worth N372.14tn in 2025, representing an increase of 81.26 per cent from N205.31tn recorded in 2024, as expanding agent networks and wider adoption of digital... Read More →
Banking stocks drive NGX turnover up 32% to N404.7bn
Banking stocks drive NGX turnover up 32% to N404.7bn Driven by high liquidity and key corporate listings, the Nigerian equity market ended the final week of July 2026 on a mixed note. Profit-taking pushed main benchmark indices lower, even as... Read More →
Treasury Bills, OMO Dominate Fixed Income Market as Turnover Hits N29.36tn
Treasury Bills, OMO Dominate Fixed Income Market as Turnover Hits N29.36tn Nigeria’s fixed income market remained robust in July 2026, with transactions across Open Market Operation (OMO) Bills, Nigeria Treasury Bills, Federal Government of Nigeria (FGN) Bonds and Sukuk reaching... Read More →
NNPC to acquire Seplat’s 10% JV for $281.6m
NNPC to acquire Seplat’s 10% JV for $281.6m Seplat Energy Plc has announced an agreement to sell a 10 per cent interest in the NNPCL-SEPNU Joint Venture to the Nigerian National Petroleum Company Limited for $281.6m, saying the transaction is... Read More →
34 institutions face sanctions over forex rule violations
34 institutions face sanctions over forex rule violations The Central Bank of Nigeria uncovered foreign exchange regulatory breaches by some authorised dealers after conducting a routine examination of 34 institutions, according to its 2025 Annual Report and Statement of Accounts.... Read More →
CBN cuts one-year T-bill yield after N3.62tn bids
CBN cuts one-year T-bill yield after N3.62tn bids The Central Bank of Nigeria reduced the stop rate on its one-year treasury bill at Wednesday’s primary market auction after investors submitted overwhelming bids, reflecting sustained appetite for longer-dated government securities. Auction... Read More →