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 $150,000 weekly FX sales to BDCs to boost liquidity, narrow rate gaps and stabilise Nigeria’s foreign exchange market
CBN directs ACGSF Board to ensure farmers’ credit is accessible, removing barriers like collateral and remote location for all Nigerian farmers
CBN interest rate hold sees MPC retain 27 per cent as policymakers adopt a cautious stance amid fragile economic indicators
Olayemi Cardoso says Nigeria’s trade surplus has risen to 6% of GDP, crediting Tinubu’s reforms and stable macroeconomic policies for the growth
The naira dips for a third straight day, closing at N1,473.29/$ despite strong reserves and CBN efforts to stabilise the currency
