‎CBN, BII Deepen Talks on Financial Sector Reforms, Capital Inflows ‎The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has received a high-level delegation from British International Investment (BII) as part of ongoing efforts to strengthen Nigeria’s financial sector and attract long-term...

CBN Grants Importers Temporary Relief on Expired NAFDAC Licences The Central Bank of Nigeria has approved a temporary window allowing importers to use expired National Agency for Food and Drug Administration and Control licences for import documentation, offering short-term relief to businesses affected by system...

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...