Nigeria Spends $2.86bn on Debt Service in Eight Months – CBN The Central Bank of Nigeria has revealed that Nigeria spent a total of $2.86bn servicing external debt in the first eight months of 2025, this accounted for 69.1 per cent of the country’s total...

CBN, Diaspora Dollars and Nigeria’s Economic Lifeline By Abdulrasheed Musa Kofa For years, Nigeria has leaned on its diaspora as a hidden anchor of survival. Beyond emotional ties and cultural nostalgia, Nigerians abroad have sent home billions of dollars, cushioning households and helping many weather difficult...

Naira Falls in Black Market, Gains at Official Window on Sept 29 The naira falls marginally against the US dollar on Monday, September 29, depreciating in the parallel market, while appreciating at the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja told Economic Confidential that...

Rate Cut to Ease Financial Burden on SMEs, Households – CBN   The Central Bank of Nigeria (CBN) has stated that reducing the monetary policy rate by 50 basis points is a strategic move aimed at supporting the nation’s economic recovery, particularly in relation to Small...

Nigerian Banks Pay Out N135bn Dividends Amid Economic Challenges   Four of Nigeria’s leading financial institutions—United Bank for Africa, Zenith Bank, Guaranty Trust Holding Company, and Stanbic IBTC Holdings—have rewarded their shareholders with interim dividends amounting to about N135.49bn for the half-year ended June 30, 2025. The...

CBN Flags Off Nationwide Campaign Against Naira Abuse The Central Bank of Nigeria (CBN) has launched a nationwide sensitisatiin campaign against the abuse and poor handling of the naira. The CBN also warned that careless practices such as spraying, mutilating, and hoarding of naira notes undermine...