Petrol Price to Hit N905/Litre This Year - CBN   The Central Bank of Nigeria (CBN) has projected that the pump price of petrol would hover around N950 per litre in the year 2026. The CBN stated this in its 2026 Macroeconomic Outlook for Nigeria. In its...

Credit extended to Nigeria’s private sector by deposit money banks declined by N1.3 trillion over the past year, reflecting the combined impact of aggressive monetary tightening and rising borrowing costs, even as short-term fluctuations show businesses continue to rely heavily on bank financing.

Nineteen (19) banks in Nigeria have met the new capital requirements ahead of the March 31, 2026 deadline set by the Central Bank of Nigeria (CBN).

Naira Holds Steady Across Markets on Jan 5 The naira sustained its strength against the U.S. dollar on Monday, January 5, across both the parallel market and the Nigerian Foreign Exchange Market (NAFEM), maintaining a positive start to trading in 2026. Currency dealers in Abuja told...

Nigeria's balance of payments swung to a $4.6bn surplus in Q3 2025, driven by stronger export earnings and diaspora remittances.

Medical Tourism Spending Crashes as Nigerians Turn to Local Healthcare – CBN The Central Bank of Nigeria (CBN) data shows a sharp collapse in medical tourism spending, signalling a significant shift in healthcare utilisation toward domestic facilities. According to CBN figures covering January to June 2025,...