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...

CBN Retains Interest Rates at 27.5% to Cushion Food Inflation, Insecurity  The Central Bank of Nigeria has announced its decision to maintain Monetary Policy Rates (MPR), which benchmarks interest rates at 27.5 per cent. The decision of the Monetary Policy Committee of the bank was made...

FG Moves to Sell 753-unit Housing Estate Recovered from Emefiele The Ministry of Housing and Urban Development has officially taken delivery of a 753-unit housing estate formerly owned by the embattled former governor of the Central Bank of Nigeria, Godwin Emefiele. Disclosing this in a statement...

The Central Bank of Nigeria (CBN) has called on the Federal Government to intensify efforts to improve Nigeria’s foreign exchange (FX).

Naira Gains ₦5.32 Against Dollar in Black Market ‎The naira appreciated slightly by ₦5.32 against the US dollar on Tuesday in the parallel (black) market. ‎A source at the Abuja black market told Economic Confidential that as of May 20, the naira exchanged at ₦1,610 per...

The Central Bank of Nigeria (CBN) has retained Monetary Policy Rates (MPR) at 27.5 per cent.