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PMI Increases to 54.0 in September — CBN

Nigeria’s economy maintained upward momentum in September 2025, as the Purchasing Managers’ Index (PMI) rose to 54.0 points from 51.7 points in August, marking the tenth consecutive month of expansion.

Nigerians, Listen to NDIC By Salisu Na’inna Dambatta

Nigerians, Listen to NDIC By Salisu Na'inna Dambatta Many Nigerians have been painfully swindled of millions of their hard-earned money through various scams. Consequently, some victims of scams commit suicide, others denied prosperity and many are left in unpayable debts. Internet scammers have stolen money from people;...

On CBN’s Bold, Timely Cleanup of POS Sub-sector, by Zekeri Idakwo Laruba

‎The Central Bank of Nigeria’s latest directives on agent banking and Point of Sale (POS) operations mark a watershed moment in the evolution of Nigeria’s financial system.

Cardoso Leads Nigeria’s Delegation to World Bank-IMF Meeting in Washington DC

The Governor of the Central Bank (CBN), Olayemi Cardoso, will lead Nigeria’s delegation to the World Bank and International Monetary Fund Annual Meeting in Washington DC, which opens on Monday, October 13.

Naira Holds Firm in Black Market, Appreciates at Official Window on Oct 10

Naira Holds Firm in Black Market, Appreciates at Official Window on Oct 10 The naira maintained stability against the U.S. dollar on Friday, October 10, in the parallel market while gaining at the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja told Economic Confidential that...

CBN Settles $7bn Verified Forex Backlog

CBN Settles $7bn Verified Forex Backlog   Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has disclosed that his administration has cleared over $7 billion in verified foreign exchange backlogs within two years in office. He said the CBN under his watch has also...