CBN to Release Open Banking Roadmap Within Three Months The Central Bank of Nigeria plans to issue an implementation roadmap for Open Banking within the next three months, as part of efforts to close technical gaps and strengthen the country’s financial ecosystem. This was disclosed in...

‎The naira on Tuesday surged to a record high of ₦1,372.91 per dollar in the official foreign exchange (FX) market, marking a significant milestone in Nigeria’s currency trajectory.

‎Nigeria’s economy expanded for the fourteenth consecutive month in January 2026 as the Composite Purchasing Managers’ Index (PMI) stood at 55.7 points, according to the Central Bank of Nigeria (CBN).

The Central Bank of Nigeria (CBN) has released a landmark report on the country’s fintech sector, positioning Nigeria as a continental leader in digital finance while outlining the reforms needed to sustain innovation, inclusion, and integrity.

Despite Nigeria producing over 443 million barrels of crude between January and October 2025, local refiners continue to face shortages as most of the output is exported.

Naira Falls Against Dollar Across Markets on Feb 2 The naira reversed recent gains against the U.S. dollar on Monday, February 2, across both the parallel market and the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja told Economic Confidential that the naira traded at...