Naira Slides to N1,388/$ as Reserves Decline Exposes External Sector Vulnerabilities
The naira came under renewed pressure on Monday, weakening sharply across foreign exchange markets as declining external reserves and rising ...
Tag: Central Bank of Nigeria
Zenith Bank Names Onuwa Okwudili as New Executive Director
Zenith Bank Plc has announced the appointment of Kennedy Onuwa Okwudili as an Executive Director, reinforcing its ongoing strategy of ...
CBN Deepens Academic Engagement as Nigeria Moves Toward Inflation Targeting Framework
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to deepening engagement with the academic and research community as ...
Aggressive CBN Liquidity Drain Pushes Money Supply Down
Nigeria’s financial system is entering a tighter phase as the Central Bank of Nigeria intensifies efforts to pull excess cash ...
Infrastructure Paradox: Nigeria’s 11 Billion Transactions Face 26% Exclusion Crisis
The Central Bank of Nigeria’s (CBN) recent Fintech Policy Insight Report presents a striking paradox: a payments system that processes ...
Cyber-AI Nexus Reshapes Banking Risk Calculus as Nigerian Financial Sector Confronts New Threat Vectors
The Nigerian banking industry's strategic pivot toward enhanced risk management frameworks, prompted by the convergence of sophisticated cyber threats and ...
Nigeria’s Money Supply Contracts as CBN Intensifies Liquidity Tightening
Nigeria's broad money supply fell to a four-month low in January 2026, signaling the effectiveness of the Central Bank of ...
Net Reserves Disclosure Signals Shift Toward Transparency in External Sector Management
Central Bank of Nigeria (CBN) Governor Olayemi Cardoso's revelation that the country's net foreign exchange reserves stood at $34.8 billion ...
February Salary Release Tests Fiscal Discipline as CBN Clears Backlog
The Federal Government’s confirmation that it has commenced payment of February salaries—following a delay attributed to a "technical glitch"—offers a ...
B’Odogwu Does Not Set Exchange Rate, Customs Clarifies
The Nigeria Customs Service has clarified that its Unified Customs Management System, B’Odogwu, does not generate, substitute, or alter exchange ...
