The Central Bank of Nigeria (CBN) has raised concerns over the country’s fintech sector, warning that its heavy dependence on foreign investment leaves it vulnerable to global market swings.

The World Bank has cut its planned grant to the Central Bank of Nigeria (CBN) from $10.5 million to $6.8 million, with board consideration now scheduled for March 27, 2026.

The Nigerian naira strengthened against the euro during Thursday’s trading session, closing at N1,606/€1, up from Wednesday’s N1,644/€1, according to Central Bank of Nigeria (CBN) data.

CBN to Release Open Banking Roadmap Within Three Months The Central Bank of Nigeria plans to issue an implementation roadmap for Open Banking within the next three months, as part of efforts to close technical gaps and strengthen the country’s financial ecosystem. This was disclosed in...

‎The naira on Tuesday surged to a record high of ₦1,372.91 per dollar in the official foreign exchange (FX) market, marking a significant milestone in Nigeria’s currency trajectory.

‎Nigeria’s economy expanded for the fourteenth consecutive month in January 2026 as the Composite Purchasing Managers’ Index (PMI) stood at 55.7 points, according to the Central Bank of Nigeria (CBN).