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.

Credit to Nigeria’s private sector rose to ₦81.04 trillion in May 2026, up slightly from ₦80.59 trillion in April, according to new data from the Central Bank of Nigeria (CBN).

Banks Lost N134bn to Fraudsters - CBN Banks and their customers lost a combined N134.48bn to fraud between 2020 and 2025 amid a significant expansion in digital payments and financial technology adoption across the country, according to data contained in the Central Bank of Nigeria’s...

DMO Eyes N1.2trn from Major Bond Reopenings   The Debt Management Office (DMO) acting on behalf of the Federal Government of Nigeria, plans to raise N1.2tn through the reopening of two Federal Government of Nigeria bonds at an auction scheduled for 22 June 2026. According to the...

Oil Exports Push Nigeria's Current Account Surplus to $4.98bn Nigeria’s current account surplus rose sharply by 255.7 per cent quarter-on-quarter to $4.98bn in the first quarter of 2026, driven by higher crude oil, gas and refined petroleum exports, as well as a steep decline in...

Nigeria’s external reserves climbed by over $1 billion in the first half of June 2026, strengthening the country’s foreign exchange buffers, according to Central Bank of Nigeria (CBN) data.