Naira Appreciates Against Dollar Across Markets on Jan 26 The naira appreciated against the U.S. dollar on Monday, January 26, in both the parallel market and the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja told Economic Confidential that the naira traded at ₦1,480/$1 for...

The real value of employees’ earnings fell sharply by about N2.79tn in 2024 to N25.48tn, indicating that workers became poorer as inflation wiped out gains from higher nominal pay, data from the Central Bank of Nigeria show.

The data was released by the Central Bank of Nigeria (CBN) as part of its latest monetary and credit statistics.

Bank Customers' Complaints Rise by 143% as CBN Resolves 9,771 Cases   The Central Bank of Nigeria (CBN) said it resolved 9,771 out of 10,704 bank customers’ complaints in the first half of the year (H1’25). CBN disclosed this in its latest Financial Stability Report, noting that...

Tight Monetary Policy Slashes Inflation by 10% - CBN   Nigeria’s sustained monetary tightening has played a central role in slowing inflation, with research estimates showing that the Central Bank of Nigeria’s policy stance accounted for as much as 10 percentage points of the decline in...

CBN Offers ₦1.15tn Bills as Liquidity Surges, Borrowing Pressures Mount The Central Bank of Nigeria was expected to conduct its second Treasury bills auction for January 2026 on Wednesday, offering instruments worth N1.15tn, as strong liquidity in the banking system collides with rising borrowing needs...