CBN reforms
CBN’s bold dollar push boosts naira stability
The naira, long plagued by volatility and speculation, is showing rare signs of resilience. Thanks to the Central Bank of Nigeria’s (CBN) aggressive liquidity interventions and rising foreign inflows, the local currency has experienced relative stability in recent weeks. While experts warn the gains are fragile, analysts agree that the apex bank’s dollar injections and […]
FG hails $600m monthly diaspora remittances as powerful proof of reforms
The Federal Government has declared the recent surge in diaspora remittances—hitting $600 million monthly—as clear evidence that its ongoing economic reforms are restoring confidence in Nigeria’s financial system and attracting funds through official channels. According to the Central Bank of Nigeria (CBN), the inflows have more than tripled from the previous average of $200 million […]
Banks lead capital inflows amid reform drive
Nigeria’s banking sector has emerged as the leading driver of foreign capital inflows, attracting more than half of the total funds that entered the country in the first quarter of 2025, as sweeping reforms continue to boost investor confidence in Africa’s largest economy. According to the National Bureau of Statistics (NBS), Nigeria recorded $5.64 billion […]
CBN Reforms and Economic Policies Boost Investment Appeal
Nigeria’s investment profile is witnessing a significant revival as international investors and global institutions laud recent monetary and structural reforms championed by the Central Bank of Nigeria (CBN) and federal authorities. Michael McGaughy, founder of the Research Alpha Fund and a seasoned Asia-Pacific investor, credited Nigeria’s transformation to a mix of bold economic reforms—including currency […]
IMF Endorses Economic Reforms, Urges Comprehensive Budget Overhaul
The International Monetary Fund (IMF) has commended Nigeria’s recent wave of bold economic reforms—particularly those spearheaded by the Central Bank of Nigeria (CBN)—but has warned that a comprehensive overhaul of the 2025 budget is necessary to guard against growing fiscal vulnerabilities amid falling oil prices and persistent revenue challenges. In its just-released Article IV Consultation […]
Economic Reforms Strategize to Bridge Forex Gap as Oil Revenues Decline
Amid dwindling oil revenues and persistent external reserve pressures, Nigeria’s Central Bank (CBN) has rolled out a series of economic reforms aimed at stabilising the foreign exchange (FX) market and reducing reliance on imported goods. These policy measures, spearheaded by CBN Governor Olayemi Cardoso, are beginning to yield results, with foreign reserves showing signs of […]