Olayemi Cardoso says July’s record formal inflows put Nigeria within reach of the Central Bank’s $1bn monthly remittance target
The apex bank says stronger inflows and investor confidence are supporting Nigeria’s foreign exchange stability and rebuilding its external buffers
Nigeria’s Foreign Reserves rose to $51.89bn as inflation eased to 15.91% in June, according to the Central Bank of Nigeria and NBS
Nigeria bank recapitalisation IMF endorsement as the Fund praises CBN reforms, saying stronger banks will support stability and growth
CBN governor Olayemi Cardoso says Nigeria economic reforms have strengthened stability, FX market, and investor confidence at Africa Capital Forum in London
Naira recovery strengthens, closing at ₦1,363.5 per dollar after early-week losses at Nigeria’s official forex market
The Central Bank of Nigeria has increased its gold holdings to $3.5bn after receiving locally sourced gold refined to LBMA standards, strengthening the country’s foreign reserves
CBN Governor warns stablecoins and private digital payments may increase FX volatility and weaken monetary policy in Nigeria
CBN approves $150,000 weekly FX sales to BDCs to boost liquidity, narrow rate gaps and stabilise Nigeria’s foreign exchange market
CBN directs ACGSF Board to ensure farmers’ credit is accessible, removing barriers like collateral and remote location for all Nigerian farmers
