Nigeria’s Current Account Surplus Jumps 256% to $4.98bn in Q1 2026
ABUJA — Nigeria’s current account surplus rose by 255.7 per cent quarter-on-quarter to $4.98bn in the first quarter of 2026, driven by higher earnings from crude oil, gas and refined
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Nigeria’s External Reserves Hit 17-Year High of $50.11 Billion
ABUJA, Nigeria — Nigeria’s external reserves rose to $50.11 billion as of June 5, 2026, marking the highest level recorded in 17 years, according to data released by the Central
CBN cautions states on debt, stresses fiscal prudence
The Central Bank of Nigeria (CBN) has cautioned state governments against excessive reliance on overdrafts and short-term borrowing, warning that weak fiscal discipline at the sub-national level could undermine Nigeria’s
CBN proposes 50% ATM card fee increase to N1,500
The Central Bank of Nigeria (CBN) has proposed a new charge of N1,500 for the issuance and replacement of ATM debit cards, marking a 50 per cent increase from the
CBN debunks viral N5,000 note featuring Tinubu as fake
The Central Bank of Nigeria has dismissed a widely circulated image of a proposed N5,000 banknote as false, warning Nigerians against spreading or believing unverified currency-related information. In a brief
CBN Responds to Court Ruling on Union Bank Board Dissolution
The Central Bank of Nigeria (CBN) has acknowledged a recent Federal High Court judgment that overturned its earlier decision to dissolve the board and management of Union Bank of Nigeria
CBN governor Cardoso seeks stronger cross‑border financial cooperation
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has called on financial regulators across Africa to intensify collaboration to manage cross-border risks in an increasingly interconnected banking
Nigeria’s gas exports hit $10.5 billion in 2025, up 21% from 2024
Nigeria’s gas export earnings grew 21% in 2025, reaching $10.51 billion, up from $8.66 billion in 2024, according to the latest Balance of Payments (BOP) report from the Central Bank
Nigeria processed 11 billion instant payments in 2024 – CBN
Nigeria’s digital payments ecosystem continues to expand rapidly, processing billions of transactions each year, but a significant share of the population remains outside the formal financial system, according to a
CBN tightens BVN rules, introduces fraud watchlist for bank customers
The Central Bank of Nigeria has introduced new rules to strengthen fraud monitoring in the banking system, including the creation of a temporary watchlist for Bank Verification Numbers linked to
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