c The Bank of England (BoE) kept its benchmark interest rate unchanged at 3.75 percent on Thursday, extending its pause for a sixth consecutive meeting. The decision came as UK …
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S&P Upgrade Boosts Confidence in Nigeria’s FX Reforms and Economic Outlook
Nigeria’s recent upgrade by S&P Global Ratings to a “positive” outlook has strengthened confidence in the Central Bank of Nigeria’s (CBN) ongoing currency reforms and economic policies. Analysts say the …
- Central BankingEconomyGlobal MarketsGovernanceMonetary PolicyNigeria
IMF Commends Nigeria’s Economic Reforms, Projects 3.9% Growth in 2025
The International Monetary Fund (IMF) has praised Nigeria’s ongoing economic reforms led by the Central Bank of Nigeria (CBN) under the leadership of its Governor, Mr. Olayemi Cardoso. The global …
- Central BankingEconomyInternational RelationsMonetary PolicyTechnology
CBN and Bank of Angola Sign MoU to Strengthen Bilateral Financial Cooperation
The Central Bank of Nigeria (CBN) and the Bank of Angola have signed a Memorandum of Understanding (MoU) to deepen bilateral cooperation and strengthen capacity in central banking operations between …
- Central BankingEconomyFinanceGOVERNMENTInternationalMonetary Policy
CBN Governor Olayemi Cardoso Says Nigeria Has Built Strong Economic Buffers Against Global Shocks
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said that Nigeria has built strong economic buffers and resilience to withstand global and domestic financial shocks through …
- BusinessCentral BankingEconomyFinanceInflationMonetary PolicyNigeria
CBN Cuts Benchmark Rate to 27% in First Policy Shift Since 2020 Pandemic
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has, for the first time since the Covid-19 pandemic in 2020, reduced the benchmark interest rate, signalling a cautious …
- Access BankBankingBusiness GrowthCentral BankingFinance & ServicesGTCOStanbic IBTCZenith Bank
Banks That Have Fully Met the New CBN Minimum Capital Base (Access, Zenith, Stanbic IBTC, Wema, Lotus, Gtbank)
The Central Bank of Nigeria’s directive on the recapitalisation of banks has continued to shape discussions in the financial sector. Since the announcement, attention has been focused on which banks …
- Central BankingEconomyFinanceForeign ExchangeINVESTMENTMarkets
Nigeria’s External Reserves Hit Six-Year High, Cross $42bn Mark
Nigeria’s external reserves have risen to their highest level in six years, crossing the $42bn threshold for the first time since September 2019. Fresh data from the Central Bank of …
- BusinessCentral BankingEconomyForex TradingInflationNigeriaOil & Gas
Naira Sustains Rally, Trades Below N1,500 to Dollar as Reserves Hit $41.59bn
The naira continued its rally on Wednesday, closing at N1,500.91 to the United States dollar at the official Nigerian Foreign Exchange Market. The performance marked a significant milestone as the …
- BankingBusinessCapital MarketCBNCentral BankingConsumer ProtectionDigital PaymentsEconomic DevelopmentEconomyFinance & ServicesFintechINVESTMENTTechnology
How Nigerians are Loosing Money to Failed transaction
In Nigeria today, a growing number of people are quietly losing their hard-earned money to the frustrating phenomenon of failed electronic transactions. While the country’s push for a cashless economy …
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