Tag: Central Bank of Nigeria

CBN warns of inflation risk as Middle East war threatens Nigeria’s rate cut plans

Business Damilola Bayonle -
Nigeria’s monetary policy outlook is facing renewed uncertainty as global geopolitical tensions threaten to disrupt recent gains in inflation...

Reps Intensify Pre-Shipment Inspection Probe, Demand Fresh Documents from Customs, CBN, NPA

Business Damilola Bayonle -
Reps demand fresh submissions over pre-shipment inspection probe The House of Representatives has intensified its investigation into Nigeria’s export value...

Labour says Nigerians yet to feel benefits of Tinubu’s economic reforms despite stronger indicators

Business Damilola Bayonle -
Gains of Tinubu’s economic reforms still elusive – Labour Despite improving macroeconomic indicators, organised labour leaders and small business operators...

Naira slips to N1,378/$ as Middle East tensions shake global market

Business Damilola Bayonle -
Amid Hostilities In Middle East, Naira Weakens To N1,378/$ Nigeria’s currency came under renewed pressure at the start of the...

Nigeria moves to expand Yuan-Naira swap to $10bn in bid to stabilise naira and cut dollar demand

Business Damilola Bayonle -
Nigeria Eyes $10bn Yuan-Naira Swap Expansion with China to Ease Dollar Crunch Nigeria is moving to significantly deepen its financial...

Net reserves jump 772% to $34.8bn in two years as CBN strengthens Nigeria’s external buffers

Business Damilola Bayonle -
Net reserves jump 772% to $34.8bn in two years Nigeria’s external position has recorded a dramatic turnaround, as Net reserves...

NAICOM, NCGC partner to unlock finance for MSMEs, boost credit access nationwide

Business Damilola Bayonle -
NAICOM, NCGC partner to unlock finance for MSMEs, others Nigeria’s financial sector reform drive received a fresh boost as NAICOM,...

Nigeria’s medical tourism bill surges to $549m in 9 months, experts fault FG

Business Damilola Bayonle -
FG slammed as medical tourism hits $550m annually The Federal Government is facing renewed criticism as fresh data reveal that...

Stablecoin Network throws weight behind CBN’s push for faster, cheaper cross-border payments

Business Damilola Bayonle -
Africa Stablecoin Network backs CBN on payment overhaul The Africa Stablecoin Network backs CBN on payment overhaul, aligning with calls...

CBN unveils major cross-border payment reforms to boost Nigerian MSMEs and cut remittance costs

Business Damilola Bayonle -
CBN pushes cross-border payment reforms for MSMEs growth Nigeria’s monetary authorities are accelerating efforts to modernise international transaction flows as...

₦8.1 trillion windfall as NGX posts biggest weekly rally of 2026

Business Damilola Bayonle -
Investors reap N8.1trn as NGX records highest W/W gain The Nigerian equities market delivered its most robust weekly performance of...

Pound trades near ₦1,810 as naira firms — Full forex update for February 23, 2026

Business Damilola Bayonle -
Pound to Naira exchange rate today, February 23, 2026 The Pound to Naira exchange rate today, February 23, 2026, opened...