The Central Bank of Nigeria has once again held the Monetary Policy Rate at 27 per cent, marking the fourth time this year that the rate has remained unchanged. The …
Monetary Policy
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BankingBusinessEconomyFinanceInflationMonetary Policy
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BusinessCurrencyEconomyFinanceGlobal MarketsMonetary Policy
U.S. Dollar Falls as Weak Economic Data Strengthens Expectations
The United States dollar fell on Tuesday as new economic data — much of it delayed by the recent government shutdown — supported expectations that the Federal Reserve may cut …
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EconomyForex TradingMarketsMonetary PolicyNigeria
Naira Weakens Across FX Markets Despite Rising External Reserves
The naira recorded another week of negative trading performance as the currency weakened at both the official and parallel foreign exchange markets. At the official Nigerian Foreign Exchange Market, the …
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BankingBusinessEconomyFinanceINVESTMENTMonetary Policy
Nigerian Banks Earn Over N14.7tn in Nine Months as High-Interest Rates Boost Sector Growth
Nigeria’s biggest banks have continued to enjoy massive earnings in 2025 as nine major financial institutions raked in a total of N14.72 trillion in interest income during the first nine …
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BusinessCapital MarketEconomyForeign ExchangeMonetary PolicyOil & Gas
CBN Reforms Cushion Naira as Oil Price Falls Below Nigeria’s $75 Budget Benchmark
With global oil prices falling to around $64 per barrel, far below Nigeria’s $75 budget benchmark, the country faces renewed fiscal pressure and foreign exchange challenges. However, sweeping reforms by …
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BusinessCapital MarketEconomyForex TradingINVESTMENTMonetary Policy
Naira hits 2025 peak at N1,421/$ as forex supply rises
The naira recorded its highest appreciation this year at the close of October, strengthening to ₦1,421.73 per dollar at the Nigerian Foreign Exchange Market, according to data released by the …
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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 …
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AfricaEconomyFinanceGhanaMonetary Policy
Ghana Targets Early Exit from IMF $3bn Credit Programme by 2026
Ghana is on track to exit the International Monetary Fund’s (IMF) US$3 billion Extended Credit Facility (ECF) programme ahead of schedule, following strong economic recovery and improved fiscal performance, according …
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BankingDevelopmentEconomyFinanceINVESTMENTMonetary PolicyNigeria
CBN to Offer N650bn Treasury Bills at October 22 Auction
The Central Bank of Nigeria (CBN) has announced plans to conduct another round of Treasury Bills (T-Bills) auction on Wednesday, October 22, 2025, with a total of N650 billion worth …
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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 …