The Central Bank of Nigeria (CBN) has urged relevant authorities to accelerate reforms in the oil and solid minerals sectors, saying sustained investment and policy implementation are critical to strengthening macroeconomic stability amid rising global uncertainties.

The Central Bank of Nigeria (CBN) on Tuesday retained the Monetary Policy Rate (MPR), its benchmark interest rate, at 26.5 per cent for the second consecutive Monetary Policy Committee (MPC) meeting, following a rate cut in February.

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has again retained the benchmark interest rate at 26.5 per cent.

The Supreme Court has affirmed the final forfeiture of seven properties, $2.045 million, and share certificates linked to former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, to the Federal Government.

The Central Bank of Nigeria’s decision in July 2026 to revoke the licenses of 46 microfinance banks was therefore more than a regulatory action, it was a statement about discipline, accountability, and the future of Nigeria’s financial system. 

Nigeria’s Reserves Rise to $52bn as Inflation Falls to 15.9%   The Central Bank of Nigeria (CBN) has reported a landmark recovery in the nation’s financial buffers, with gross foreign reserves surging to $51.89bn, nearly reaching the $52bn mark as of mid-July 2026. This multi-year milestone, according...