Private sector credit dropped sharply by over ₦14 trillion in just two months, falling to ₦80.59 trillion in April 2026 from a peak of ₦94.61 trillion in February 2026, despite the Central Bank of Nigeria’s (CBN) decision to ease monetary policy.
CBN and The Internal Reorganization
By Zekeri Idakwo Laruba
A central bank cannot project monetary stability externally while experiencing internal fragmentation. What happens inside the institution ultimately determines what it can credibly communicate to the outside world.
Within the Central Bank of Nigeria, employee relations have increasingly...
Nigeria’s Trade Surplus Jumps 220% to $480m
Nigeria recorded a $480 million trade surplus in January 2026, driven by a 4.46 percent increase in export receipts to a record $4.68 billion, largely fueled by petroleum products.
This represents a 220 percent month-on-month (MoM) increase in trade...
CBN Allots N829.3bn T-Bills on Strong N2trn Subscription
The Central Bank of Nigeria (CBN) allotted a total of N829.32 billion at its Treasury Bills Primary Market Auction held on May 20, 2026, as investor demand remained heavily skewed toward long-dated government securities.
Auction results showed that...
CBN Keeps Rates Unchanged Despite OPS Warnings on Manufacturing Slowdown
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Wednesday retained the benchmark interest rate at 26.5 per cent, citing rising external risks, renewed inflationary pressure, and the need to sustain...
