IMF Says Naira Remains Undervalued by 25.6%, Urges Slower Reserve Build-Up
The International Monetary Fund (IMF) has assessed that the Nigerian naira is still undervalued by approximately 25.6%, even after notable ...
Tag: CBN
Naira Holds Firm at N1,380/$ as FX Inflows Reach One-Year High
The Nigerian naira maintained stability against the US dollar in the official foreign exchange market on Thursday, closing at N1,380.11 ...
CBN Freeze of Assets of Six Individuals and Four BDCs Over Terrorism Financing Allegations
The Central Bank of Nigeria (CBN) has directed all commercial banks and financial institutions to immediately freeze the assets of ...
Naira Weakens Slightly to N1,370.64/$ at Official Market
The Nigerian naira recorded a marginal decline against the US dollar at the official foreign exchange window on Tuesday, June ...
Fitch Raises Concerns Over Nigeria’s $5bn Total Return Swap Deal
Global credit rating agency Fitch Ratings has cautioned that Nigeria’s planned $5 billion total return swap (TRS) financing arrangement could ...
Liquidity Surge in Nigeria’s Financial System Raises Questions as CBN Maintains Tight Policy
Nigeria’s broad money supply (M3) expanded significantly to N129.21 trillion in May 2026, highlighting continued liquidity growth in the economy ...
Private Sector Credit Expands to N81.04 Trillion in May Despite Tight Monetary Policy
Nigeria’s private sector credit grew to a new high of N81.04 trillion in May 2026, according to the latest data ...
CBN Tightens Oversight on Fintechs with New Ultimate Beneficial Ownership Directive
The Central Bank of Nigeria (CBN) has introduced a significant regulatory requirement for fintech companies and other financial institutions, mandating ...
Naira Weakens to N1,361.5/$ as FX Market Turnover Drops Sharply
The Naira came under mild pressure in the official foreign exchange market on Wednesday, closing at N1,361.5 per US dollar, ...
Nigeria’s Current Account Surplus Jumps 256% to $4.98 Billion in Q1 2026
Nigeria posted a significantly stronger external position in the first quarter of 2026, with the current account recording a surplus ...
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31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows
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Naira Holds Firm at N1,380/$ as FX Inflows Reach One-Year High
Nigeria’s Exports to US Drop by N366bn in Q1 as Imports from America Surge
World Bank’s new president skips China’s Belt and Road for Africa trip
