Naira Holds Firm Against Dollar Amid Improved Liquidity on Nov 10 The naira maintained stability against the U.S. dollar on Monday, November 10, across both the parallel market and the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja told Economic Confidential that the naira traded...

CBN Researcher Wins Top Award as Nigeria Shines at ICEGOV 2025 Conference Nigeria achieved a historic milestone in digital governance this week, not only by successfully hosting the prestigious 18th International Conference on Theory and Practice of Electronic Governance (ICEGOV 2025)—the first time the event...

Banks’ Recapitalisation Key to Achieving $1trn Economy — CBN   The Central Bank of Nigeria (CBN) has reiterated that the ongoing recapitalisation of commercial banks is central to achieving the Federal Government’s ambition of building a $1 trillion economy by 2030. The CBN Deputy Governor for Financial...

Naira Weakens Against Dollar Across Markets on Nov 6 The naira depreciated marginally against the U.S. dollar on Thursday, November 6, at both the parallel market and the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja told Economic Confidential that the naira traded at ₦1,470/$1...

Naira Slips as Markets React to Trump's Remarks The naira came under renewed pressure on Wednesday, November 5, following U.S. President Donald Trump’s threat to cut off aid to Nigeria and his directive to the Pentagon to “prepare for possible action.” His comments have stirred concerns...

Banks’ deposit with the Central Bank of Nigeria, CBN, in form of Standing Deposit (SDF) grew by 395.8 percent, YoY, to N198.08 trillion in the first ten months of the year (10m’25) from N39.95 trillion in the corresponding period of 2024 (10m’24), reflecting excess liquidity in the banking system.