Cardoso: 14 Banks Met New Capital Benchmark The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, on Tuesday disclosed that 14 Nigerian banks have so far fully met the new capital requirement under the apex bank’s ongoing recapitalisation exercise. Cardoso made this known in...

Naira Strengthens in Black Market, Holds Steady at Official Window on Sept 23 The naira extended its gains against the US dollar on Tuesday, September 23, appreciating in the parallel market while maintaining stability at the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja told...

The CBN’s Monetary Policy Committee has reduced the interest rate to 27 per cent from 27.5 per cent in July.

Nigeria’s external reserves climbed to their strongest level in six years, crossing the $42bn mark for the first time since September 2019.

Naira Extends Gains Across Markets on Sept 22 The naira continued its upward gain against the US dollar on Monday, September 22, appreciating in both the parallel market and at the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja told Economic Confidential that the naira...

CBN Sells $574m to Boost FX Market Liquidity in August   The Central Bank of Nigeria (CBN) ramped up its dollar sales in August 2025, selling a total of $574 million in a bid to stabilise the foreign exchange (FX) market amid waning inflows from key...