Nigeria’s external reserves have surged to $51.04 billion as of June 18, 2026, marking their highest level in 17 years and signaling renewed investor confidence and stronger foreign exchange inflows. According to Central Bank of Nigeria (CBN) data, reserves rose from $49.80 billion at the start of June to $51.04 […]
Nigeria’s Foreign Reserves Surge Amid Strategic Policy Reforms The Central Bank of Nigeria (CBN) has announced a remarkable increase in the country’s Net Foreign Exchange Reserve (NFER), marking the strongest position in over three years. As of the end of 2024, NFER surged to $23.11 billion, a significant jump from […]
The Senate has today confirmed the appointment of members of the Monetary Policy Committee of the Central Bank of Nigeria (CBN) as nominated by the President. The confirmation of the 12 members came after a report of the Committee On Banking, Insurance and other Financial Institutions of the CBN was […]
On Friday, February 9, 2024, Mr. Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), presented an economic update to the joint committees of the Nigerian Senate. He projected a decrease in inflationary pressures to 21.4% in the medium term, attributing this to improved agricultural productivity and the […]
In a stern move to uphold its authority, the House of Representatives Committee on Public Petition has issued arrest warrants for the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, the Accountant-General of the Federation, Oluwatoyin Madein, and 17 other individuals for failing to honor the committee’s summons. The decision […]
