Naira Strengthens Against Dollar in Black Market The Naira extended its gains against the US dollar on Monday, July 21, appreciating in the parallel market. Currency dealers in Abuja told Economic Confidential that the Naira was exchanged at ₦1,520 per dollar for buying and ₦1,528 for...

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has expressed concern over the inflationary implications of rising liquidity levels in the banking system.

Nigeria’s current account surplus is projected to decline sharply in 2025, dropping to 2.7% of GDP from 9.2% in 2024, according to the H2 2025 Economic Outlook Report released by CSL Stockbrokers Limited, a subsidiary of FCMB Group Plc.

The Central Bank of Nigeria’s (CBN) survey has revealed that 65.8 percent of respondents want the monetary authority to cut interest rates. The finding comes just days before the Monetary Policy Committee (MPC) convenes for its July meeting to decide on the future direction of interest rates.

When Governor Olayemi Cardoso led a high-level CBN delegation to meet Central Bank of Egypt Governor Hassan Abdalla, it was a deliberate step toward operational partnership, not just a photo opportunity.

As Nigeria Leads Africa’s FX Revolution, by Rahma Olamide Oladosu   It was an event that passed with little fanfare, the kind that quietly dissolves into routine headlines. On June 26, 2025, the Central Bank of Nigeria and the Central Bank of Egypt held a bilateral...