Tag Archives: CBN

‎The naira gained 7.14% in 12 months with $7.53 billion in cumulative forex market intervention in 2025. The amount deployed to defend the local currency outpaced the year-on-year increase in the gross external reserves balance.

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By any standard, Nigeria’s ongoing bank recapitalisation exercise is one of the most consequential financial sector reforms since the 2004-2005 consolidation that shrank the number of banks from 89 to 25. Then, as now, the stated objective was stability to have stronger balance sheets, better shock absorption, and banks capable of financing long-term economic growth.

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Nigeria today faces a sobering dual reality: a deepening security crisis and an entrenched financial-crime ecosystem that quietly feeds, sustains, and normalises that crisis.

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Former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has vehemently denied allegations of terrorism financing, describing the claims as "reckless, false, and malicious."

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At the Annual Bankers’ Dinner, when the Governor of the Central Bank of Nigeria, Yemi Cardoso, recently stated that Nigeria had "turned a decisive corner," his remark aimed to convey assurance that inflation was decelerating with headline inflation eased to 16.05percent and food inflation retreating to 13.12 percent, the exchange rate was stabilizing

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The Central Bank of Nigeria (CBN) 303rd Monetary Policy Committee (MPC) meeting arrived at a time of unprecedented tension within the Nigerian economy.

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Obviously, one would say that the macroeconomic indicators are finally pointing in the right direction, yet, daily realities for households and businesses tell a very different story because Nigeria stands at a delicate intersection. No doubt on paper, inflation is easing, the naira is stabilising, and sovereign ratings have improved; but food prices remain painfully high, purchasing power continues to deteriorate, and insecurity is ravaging the agricultural value chain while ensuring that any progress in inflation moderation remains fragile

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Nigeria’s financial system is flashing red, and not because of a scarcity of money. Ironically, the Central Bank of Nigeria (CBN) and the nation’s banking proudly tout a historic rise in private-sector credit, announcing figures hovering around N75 trillion throughout 2024-2025. On paper, this looks like a funding boom, a sign that businesses are borrowing, investing, expanding, and building. But on the ground, the country’s real sector tells a very different story.

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‎The Central Bank of Nigeria (CBN) held a seminar for Finance Correspondents and Business Editors on November 20-21, 2025, in Lagos, themed “Aligning Monetary and Fiscal Policies Towards Achieving a Robust Financial System.” 

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The Central Bank of Nigeria’s decision to take full control of government securities issuance has been described by some as a bold move toward transparency and market efficiency.

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