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...

CBN Launches Centralised System to Monitor BDC Transactions   The Central Bank of Nigeria (CBN) has introduced a comprehensive real-time monitoring framework for Bureau De Change operators, unveiling a centralised transaction-tracking platform aimed at strengthening oversight, improving transparency, and enhancing compliance across Nigeria’s foreign exchange market. A...

Nigeria’s recent history with the Naira redesign under former Central Bank Governor Godwin Emefiele illustrates how fragile confidence can be when monetary policy is controversial, poorly communicated, or inconsistently enforced. 

'CBN May Hike Rates as Election Spending Rise'   The Central Bank of Nigeria (CBN) is highly likely to raise its benchmark interest rate, the Monetary Policy Rate, during the second half of 2026 as liquidity pressures build ahead of the 2027 general elections. This warning was...

Business confidence among Nigerian firms weakened in June 2026, as rising operational costs and macroeconomic pressures weighed on sentiment, according to the Central Bank of Nigeria’s Business Expectations Survey (BES).

The House of Representatives Public Accounts Committee has intensified its probe into unpaid government revenues, directing the Office of the Accountant-General of the Federation (OAGF) to provide detailed records.