Naira Holds Firm Against Dollar in Black Market ‎The naira remained stable against the US dollar in the parallel market on Monday. ‎A source at the Abuja black market told Economic Confidential that as of May 26, the naira traded at ₦1,610/$1 for buying and ₦1,617/$1...

Steady Hands in Stormy Times: Why Holding Rates Was the Right Call for Nigeria, by Rahma Olamide Oladosu   In the face of persistent global economic uncertainties and domestic challenges, the decision of the Central Bank of Nigeria’s Monetary Policy Committee (MPC) to retain the Monetary...

This was disclosed by the Central Bank of Nigeria (CBN) in its International Payments Data published on its website on Sunday.

This surge, analysts say, is a direct result of sweeping reforms introduced by the Central Bank of Nigeria (CBN) under Governor Olayemi Cardoso, who assumed office in September 2023.

MAN Seeks CBN Intervention as Forex Dispute Worsens   The Manufacturers Association of Nigeria (MAN) has decried what it described as “unwholesome treatment” of its members by some commercial banks over unmet foreign exchange forward obligations, calling on the Central Bank of Nigeria to intervene as...

CBN Recieves N1.17trn in Bids for Treasury Bills Auction   The Central Bank of Nigeria (CBN)'s latest Treasury Bills auction held on May 21, 2025, drew total bids worth N1.17tn, highlighting the continued strength of investor appetite for government securities amid high inflation and a...