Nigerians held ₦5.19 trillion outside the banking system as of May 2026, underscoring the dominance of cash transactions despite years of investment in digital payments and financial inclusion, according to Central Bank of Nigeria (CBN) data.
Non-Oil Exports Lift Nigeria’s Current Account to $5.28bn in Q2 2025 - Report
Nigeria’s shift toward a diversified, export-driven economy is beginning to yield fruits as shown in the macroeconomic indicators, with the country’s current account balance surging to US$5.28 billion in the second quarter...
Foreign Reserves Jump to $46.7bn, Highest in Seven Years
The Central Bank of Nigeria (CBN) has revealed that Nigeria’s foreign reserves have risen to $46.7 billion as of November 14, 2025, which translates to 10.3 months of import cover in goods and services.
CBN Governor, Mr....
CBN Reaffirms Commitment to Price and Monetary Stability - Cardoso
The Central Bank of Nigeria has assured Nigerians of its commitment in ensuring that the policies and reforms already introduced would bring about much-needed price and monetary stability in the country.
Nigerians have, over a long...
Cardoso: 14 Banks Met New Capital Benchmark
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, on Tuesday disclosed that 14 Nigerian banks have so far fully met the new capital requirement under the apex bank’s ongoing recapitalisation exercise.
Cardoso made this known in...
