Global oil prices surged to $104 per barrel on Monday after peace talks between the United States and Iran collapsed, raising fears of renewed hostilities in the Middle East.
The Central Bank of Nigeria has raised concerns over growing governance, compliance, operational and technological risks confronting the country’s non-interest financial services industry, warning that failure to effectively manage the challenges could undermine public confidence and financial stability.
The Nigerian Ports Authority (NPA) has reported a 19.5% increase in vessel traffic in the first quarter of 2026, with Gross Registered Tonnage (GRT) for ocean-going vessels rising to 46.75 million.
The African Development Bank (AfDB) has approved a $61 million financing package for the Development Bank of Nigeria (DBN) to expand credit access for women-owned businesses, especially in agriculture.
At the peak of the turbulence, the challenge before the Central Bank of Nigeria was not simply to inject liquidity into the system, but to restore trust in the market.
In reality, for institutions like the Central Bank of Nigeria, these engagements have become critical instruments of public relations and narrative control.
