NAFEM Turnover Surges to $1.41bn as Naira Strengthens
Trading activity on the Nigerian Foreign Exchange Market rose sharply to $1.41 billion on 17 August 2026, marking its highest level in five weeks. Data from the Central Bank of…
Nigeria’s Capital Importation Surges 257% to $2.82bn
Nigeria’s capital importation jumped 256.9 per cent year-on-year to $2.82 billion in April 2026, up from $0.79 billion a year earlier, according to the Central Bank of Nigeria. The increase…
CBN Reports Higher Bank Lending, Lower Loan Defaults
Nigerian banks expanded the supply of bank lending across secured, unsecured and corporate loans during the second quarter of 2026, while loan default rates declined across all major lending categories,…
Nigeria Forex Inflows Hit Five-Month High
Total inflows into the Nigerian Foreign Exchange Market (NFEM) climbed to a five-month high of $4.36 billion in July, driven by stronger Central Bank of Nigeria (CBN) interventions and increased…
Experts Urge CBN to Maintain Monetary Policy Stability
Economic experts have urged the Central Bank of Nigeria (CBN) to maintain monetary policy stability after headline inflation eased slightly to 15.91 per cent in June 2026. The latest figure…
CBN Holds Interest Rate at 26.5 Per Cent
The Central Bank of Nigeria (CBN) has decided to keep the Monetary Policy Rate (MPR) at 26.5 per cent after the 306th Monetary Policy Committee (MPC) meeting held in Abuja…
AERE Urges Reforms to Revive Manufacturing
The Alliance for Economic Research and Ethics (AERE) has called for urgent reforms to strengthen Nigeria’s manufacturing sector after a sharp decline in manufacturing tax revenue during the first quarter…
CBN Warns Against Rejecting Standard 100 Naira
The Central Bank of Nigeria (CBN) has warned businesses, the public, and other stakeholders not to reject the standard ₦100 banknote, stressing that it remains a valid means of payment…
Providus, Unity Banks Complete Merger into One Institution
Providus Bank and Unity Bank have officially completed their merger and will now operate as a single financial institution under the name ProvidusUnity Bank. The transition follows the successful conclusion…
Naira depreciated against dollar as official market returns to bearish trend
The Naira depreciated against dollar at the official foreign exchange market on Tuesday, reversing gains recorded a day earlier. Data released by the Central Bank of Nigeria (CBN) showed the…
