Otedola Hails FG, CBN Reforms As Investment In First HoldCo Hits ₦320b Chairman of First Holdco Plc Femi Otedola has credited the Federal Government’s economic reforms and the Central Bank’s policies as key  drivers behind his ₦320 billion personal investment in First Bank. Otedola made the...

Femi Otedola has credited the Federal Government’s economic reforms and the Central Bank’s policies as key drivers behind his ₦320 billion personal investment in First Bank.

Naira Gains Against Dollar in Official, Black Markets ‎The naira appreciated by ₦3.32 against the US dollar in the parallel market on Thursday. ‎A source at the Abuja black market told Economic Confidential that as of May 22, the naira traded at ₦1,610/$1 for buying and...

CBN Gives 12-month Deadline for New Anti-money Laundering Standards The Central Bank of Nigeria has issued a draft framework aimed at modernising anti-money laundering practices across the country’s financial system through the adoption of intelligent, automated solutions. In a circular dated May 20, 2025, and addressed...

Naira Holds Firm Against Dollar in Black Market ‎The naira remained stable against the US dollar on Wednesday in the parallel (black) market. ‎A source at the Abuja black market told Economic Confidential that as of May 21, the naira exchanged at ₦1,610 per dollar for...

Nigeria’s Gross External Reserves Hit $38.90bn in 2025 - CBN The Central Bank of Nigeria sys Nigeria’s gross external reserves increased by 2.85 per cent to $38.90bn as of May 16, 2025, compared to $37.82bn at the end of March, representing 7.6 months of import...