Nigeria’s net foreign exchange reserves have surged by an extraordinary 772 per cent in just two years, rising from $3.99 billion at the end of 2023 to $34.80 billion by December 2025, Governor of the Central Bank of Nigeria, Olayemi Cardoso, has disclosed.

CBN’s Rate Cut: A Calculated Turn Towards Growth, by Kabir Abdulsalam   After months of aggressive tightening, the Central Bank of Nigeria (CBN) has finally eased its grip. At its 304th Monetary Policy Committee (MPC) meeting held this week, the apex bank reduced the Monetary Policy Rate...

Analysts Support MPC's Decision to Cut Rates by 50 Basis Points   Analysts have backed the decision of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to cut the rate by 50 basis points. The stakeholders affirmed that the rate cut to 26.5...

The Bank of Industry (BOI), Nigeria’s leading development finance institution owned by the Federal Government, has expanded its financing framework.

The Central Bank of Nigeria (CBN) has warned that rising election-related spending and potential oil price shocks could pose upside risks to Nigeria’s inflation outlook.

Nigeria’s gross external reserves have climbed to $50.45 billion, making the highest level in 13 years, the Governor of Central Bank of Nigeria (CBN), Olayemi Cardoso, has said.