Foreign Reserves Jump to $46.7bn, Highest in Seven Years
The Central Bank of Nigeria (CBN) has revealed that Nigeria’s foreign reserves have risen to $46.7 billion as of November 14, 2025, which translates to 10.3 months of import cover in goods and services.
CBN Governor, Mr....
CBN Governor Applauds S&P’s Upgrade of Nigeria’s Outlook
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has welcomed the decision of S&P Global Ratings to revise Nigeria’s sovereign outlook to “positive” from “stable”, describing it as a clear validation of the country’s ongoing...
Naira Strengthens in Black Market, Slips Officially on Nov 14
The naira recorded mixed performance against the U.S. dollar on Friday, November 14, across both the parallel market and the Nigerian Foreign Exchange Market (NAFEM).
Currency dealers in Abuja told Economic Confidential that the naira traded...
Senate Demands Full Transparency in Stamp Duty Probe
The Senate has launched a far-reaching investigation into stamp duty collections said to run into trillions of naira, demanding full disclosure from commercial banks, the Central Bank of Nigeria (CBN), the Federal Inland Revenue Service (FIRS), and...
Nigeria Sees 11th Consecutive Month of Economic Growth
Nigeria’s economy expanded for the eleventh consecutive month as Central Bank of Nigeria (CBN) Purchasing Managers’ Index rises to 55.4 index points in October 2025 from 54 index points recorded in the previous month.
According to the CBN...
