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.

The International Monetary Fund (IMF) has assessed that the naira remains undervalued by 25.6%, despite recent gains following Nigeria’s foreign exchange reforms.

The Central Bank of Nigeria (CBN) absorbed about N6.88 trillion from the financial system through Open Market Operations (OMO) in the first two weeks of June 2026, according to data released June 11.