Banks' Bad Loans Surge as CBN Ends Forbearance   Nigeria’s banking sector recorded a rise in bad loans in 2025 after the Central Bank of Nigeria withdrew the regulatory forbearance granted to lenders during the COVID-19 pandemic, according to the apex bank’s latest macroeconomic outlook report. The...

Naira Ends 2025 Strong at ₦1,429/$1, Steady at Parallel Market on Jan 1 The naira closed 2025 on a positive note, settling at ₦1,429/$1 on December 31 at the Nigerian Foreign Exchange Market (NAFEM). In contrast, the local currency sustained its strength for the fourth consecutive...

Crude, Refined Fuel Exports Sustain Nigeria’s External Surplus in Q3 - Report The Central Bank of Nigeria says Nigeria recorded a surplus external position in the third quarter of 2025, driven by higher crude and refined petroleum exports, despite a sharp quarter-on-quarter decline in the...

FDI Recovery Attracts $720m in Q3, 2025 Foreign direct investment into Nigeria jumped to $720m in the third quarter of 2025, up sharply from $90m in the previous quarter. This represents a 700 per cent increase quarter-on-quarter, according to the Central Bank of Nigeria’s Balance of...

FX Reserves to Rise $51bn by 2026, Says CBN The Central Bank of Nigeria predicts external reserves will climb to $51.04bn in 2026, up from $45bn in 2025. This projection was contained in the Macroeconomic Outlook for Nigeria, 2026, titled ‘Consolidating Macroeconomic Stability Amid Global Uncertainty’,...

Nigeria’s domestic economic activity strengthened further in December 2025, with the Composite Purchasing Managers’ Index rising to 57.6 points.