Governor of the Central Bank of Nigeria, Olayemi Cardoso, on Wednesday said recent inflationary pressures in the country are temporary despite headline inflation rising for two consecutive months.
The Central Bank of Nigeria (CBN) says it is stepping up efforts to address growing customer complaints over bank charges and the volume of transaction alerts received by customers across the banking system.
The Monetary Policy Committee of the Central Bank of Nigeria on Wednesday retained the benchmark Monetary Policy Rate at 26.5 per cent at the end of its 305th meeting.
FGN Bond Auction Sees 45% Decline in Subscriptions
Investor demand for Federal Government of Nigeria (FGN) bonds weakened sharply in May 2026, as total subscriptions fell by 45.6% month-on-month, despite higher yields at auction.
Data from the Debt Management Office (DMO)...
Nigeria’s oil operating firms have grown from fewer than 10 before 2010 to about 117 today, following the implementation of local content policies that raised performance from under 5% in 2010 to 61% in 2025.
