Christmas Cash Demand Hits New Highs in Nigeria
Nigerians are scrambling for physical cash ahead of Christmas, driven by fears of ATM downtimes. The CBN tightens oversight as over N4.4 trillion remains outside banks. Read the full analysis.
Category : Search result: CBN recapitalisation
Nigeria's $2.25bn Eurobond Oversubscribed, Signals Investor Confidence
Nigeria raises $2.25bn via a heavily oversubscribed Eurobond, attracting over $13bn in orders. Analysts credit recent fiscal reforms and FX liberalisation for renewed global investor confidence in Africa's largest economy.
CBN Prioritises Digital Payments, Financial Inclusion for 2026
CBN Governor Olayemi Cardoso outlines 2026 agenda focusing on payment system upgrades, digital finance expansion, and deeper financial inclusion for all Nigerians. Read the full plan.
16 Banks Meet CBN Capital Rules Ahead of 2026 Deadline
CBN Governor Yemi Cardoso confirms 16 banks have met new capital thresholds. With the March 2026 deadline approaching, the recapitalisation drive aims to strengthen lenders for Nigeria's $1 trillion economy goal.
Naira Strengthens as Dollar Inflows Surge Over 64%
The Nigerian Naira receives a significant boost as dollar inflows into the FX market jump by 64.24% to $841.10 million, improving liquidity and strengthening the official rate. Read the full analysis.
Nigerian Banks Hit N33.24 Trillion in Customer Deposits
Ten Nigerian banks recorded over N33.24 trillion in savings deposits by September 2025, a 6.8% annual increase. See which Tier-2 banks led the growth and the latest CBN savings rates.
Naira Weakens Against Dollar in Official, Black Markets
The Nigerian naira depreciated against the US dollar on Monday, December 1, dropping to N1,448.44/$1. Despite rising foreign reserves, currency pressure persists. Full details inside.
Naira Begins December Strongly Against US Dollar
The Nigerian Naira rebounds against the USD, closing at N1,446.74. CBN interventions and $20.98bn foreign inflows boost confidence. Experts predict stability ahead. Read more.
CBN Consolidates Financial Market Reform Gains
CBN Governor Yemi Cardoso outlines progress in Nigeria's financial reforms as naira stabilizes, inflation drops to 16.05%, and reserves hit $46.7 billion. Learn how these gains impact Nigeria's economy.
OPay Addresses Viral Shutdown Rumors in Nigeria
OPay dismisses social media rumors about shutting down operations in Nigeria. The fintech company confirms customer funds remain safe and accessible under CBN regulation.
CBN: Nigeria's inflation drops to 16.05% in October
CBN Governor Cardoso announces sharp decline in inflation and FX market stabilization. Nigeria's economic reforms showing positive results with renewed investor confidence.
CBN sells $36.60m to banks amid naira depreciation
Central Bank of Nigeria intervenes in forex market with $36.60 million sale to authorized dealers including Access, UBA, Zenith banks to stabilize naira. Experts analyze impact on currency stability.
CBN Won't Fund Fiscal Deficits, Says Cardoso
CBN Governor Olayemi Cardoso declares an end to fiscal deficit financing, commits to single-digit inflation. Nigeria's economy shows resilience amid reforms. Read more.
Nigeria attracts $20.98bn foreign capital in 10 months
Nigeria recorded $20.98bn foreign capital inflows Jan-Oct 2025, a 70% surge. CBN Governor Cardoso credits FX reforms for market stability and renewed investor confidence.
Nigeria's Economy Stabilizes as Inflation Halves to 16.05%
CBN Governor Cardoso reveals Nigeria's economic turnaround: inflation dropped from 34.6% to 16.05%, forex reserves hit $46.7B, and growth reached 4.23%. Discover how reforms are driving sustainable growth.
Nigeria's Money Supply Reaches N119 Trillion
Nigeria's broad money supply increased to N119.04 trillion in October 2025, driven by rising domestic assets despite falling foreign reserves. Learn what this means for the economy.
CBN Orders Banks To Withdraw Misleading Adverts
The Central Bank of Nigeria has ordered all banks to withdraw misleading advertisements. New rules require pre-approval notifications and compliance attestations to protect consumers.
Naira crashes to N1,443.91/$ as festive demand surges
Naira depreciates across all market segments as year-end FX demand intensifies. Expert analysis reveals why the pressure may continue through December despite rising external reserves.
Bank78 MFB: Nigeria's First Private Digital Bank Launches
Bank78 MFB launches as Nigeria's first fully private digital bank, offering premium banking experience for mass-affluent Nigerians. Licensed by CBN and insured by NDIC.
Experts Support CBN's MPR Decision, See Lower Rates
Nigerian economists endorse CBN's monetary policy stance maintaining MPR at 27%. Experts predict reduced lending costs to boost real sector growth. Read analysis.
16 Banks Meet CBN Recapitalisation Target
CBN reveals 16 banks have successfully met recapitalisation requirements as Governor Cardoso updates on monetary policy, forex gains, and economic progress.
MAN: 37% Lending Rate Hinders Manufacturing
MAN laments 37% lending rate, says high borrowing costs hinder production and reduce competitiveness. DG Segun Ajayi-Kadir urges CBN for rate reduction.
Naira Appreciates Against USD as CBN Lists Achievements
Naira strengthens against US dollar in official and parallel markets. CBN Governor Cardoso highlights narrowed exchange rate spreads and growing investor confidence in Nigeria's economy.
Nigeria Stock Market Falls After CBN MPC Meeting
Nigerian stock market declined 0.49% Wednesday as investors reacted to CBN's decision to maintain 27% MPR. Market capitalization lost N444 billion. Read full analysis.
Nigeria FX Market Reaches $500m Daily Turnover
CBN Governor Cardoso reveals Nigeria's FX market now records $500m daily turnover without central bank intervention, marking a new era of transparency and stability.
Naira Strengthens to N1,441/$ Amid CBN Policy Hold
Naira appreciates to N1,441/$ following CBN's decision to maintain MPR at 27%. Analysis of monetary policy impacts on currency stability and inflation control. Read more.
CBN Retains 27% Interest Rate to Combat Inflation
Nigeria's Central Bank maintains Monetary Policy Rate at 27% to stabilize prices. MPC keeps tight monetary stance as inflation shows signs of easing. Full details inside.
CBN Retains MPR at 27%, Delays Loan Rate Cuts
Nigeria's Central Bank maintains 27% interest rate to fight inflation. Businesses and borrowers face continued high loan costs as monetary tightening persists. Learn what this means for you.
Nigeria's Money Supply Jumps to N117.8 Trillion
Nigeria's money supply surged by 75.9% to N117.78 trillion in two years, CBN data reveals. Experts warn this could trigger inflation if it outpaces economic productivity.
Naira Exchange Rate: CBN Sets N1,453/$ Amid $250M Injection
Naira strengthens against US dollar in official market, closing at N1,453.84/$1 after CBN's $250 million intervention. Get latest forex updates and market analysis.
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