Nigeria’s banking system recorded a sharp increase in liquidity in May 2026, with average net liquidity rising to ₦5.53tn from ₦4.72tn in April, as inflows from maturing Central Bank of
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The Central Bank of Nigeria (CBN) has cut the benchmark Monetary Policy Rate (MPR) from 26.5 per cent to 23 per cent, marking a significant shift in the country’s monetary
Deposit Money Banks in Nigeria closed a net 476 branches and cash centres between 2022 and 2025, cutting their physical presence across the country by 8.8 per cent, data from
The Central Bank of Nigeria, CBN, has warned that a cybersecurity breach at one financial institution could spread through interconnected banks, fintechs and technology providers, potentially disrupting Nigeria’s wider financial
Olabisi Onabanjo University (OOU) has renewed its commitment to deeper collaboration with the Central Bank of Nigeria (CBN), with a focus on improving academic research, professional training and service delivery
The Central Bank of Nigeria (CBN) has lifted its seven-year restriction on local investor participation in Open Market Operations (OMO), reopening the market to individuals, companies and non-bank financial institutions.
The Central Bank of Nigeria (CBN) has opened applications for the second cohort of its Regulatory Sandbox Programme, creating dedicated testing tracks for virtual assets and data-enabled financial services. Applications
Nigerian businesses are optimistic that borrowing costs could begin to decline over the next three months, even as bank loan interest rates remain high, according to the latest Business Expectations
Top policymakers, financial experts and business leaders from across Africa have gathered in Abuja for the seventh African Emerging Markets Forum, with discussions focused on strengthening economic resilience amid growing
The Nigerian naira recorded a marginal decline against the United States dollar in the official foreign exchange market, with the exchange rate slipping to N1,385 per dollar, according to the