‎Naira Appreciates Again to ₦1,510/$ in Parallel Market Amid Instability  ‎The naira recorded a significant appreciation against the dollar on Wednesday in the parallel foreign exchange market. ‎A source at the Abuja Black Market told Economic Confidential that as of February 20, the naira was trading...

MPC: Nigeria's Money Supply Rises N94.61tn to N110.9tn in One Year Nigeria’s broad money supply (M3) rose to N110.98tn in January 2025, representing a 17.3 per cent year-on-year increase from N94.61tn recorded in January 2024. Nigeria’s broad money supply (M3) rose to N110.98tn in January 2025,...

Over 19.7 million Accounts Dormant, Unclaimed - CBN The number of dormant bank accounts in Nigeria is over 19.69 million, according to the industry customer account database released by the Nigeria Inter-Bank Settlement System. The data, which tracks monthly account statuses throughout 2024, indicates a steady...

Why We Ordered Bank Directors with Bad Loans to Resign - CBN The Central Bank of Nigeria says the reason it ordered bank directors with non-performing insider-related loans to immediately resign from their positions was in response to strengthen corporate governance and reduce credit risk...

‎Naira Rebounds to ₦1,540/$ in Parallel Market ‎The naira rebounds against the dollar on Tuesday in the parallel foreign exchange market, reversing earlier losses. A source at the Abuja Black Market told Economic Confidential that the naira was trading at ₦1,530/$ (buy) and ₦1,540/$ (sell) as...

The Governor of the Central Bank of Nigeria (CBN) Olayemi Cardoso, has called for stronger economic ties between Nigeria and the Middle East.