Nigeria's central bank expects the economy to expand by 4.17% this year, Governor Olayemi Cardoso said on Thursday, driven by ongoing reforms and stabilising inflation.

Nigeria's central bank delivered another big interest rate hike on Tuesday, responding to a continued rise in inflation which hit a 28-year high in April. Skip to main content.

What The Central Bank Of Nigeria's Directive To Banks On Increasing Capital Bases Means For Businesses. ... but on the non-bank financial system, made up of pension funds, stockbrokers, ...

Nigeria has issued bonds to refinance 4.9 trillion naira ($3.4 billion) owed to the central bank in a bid to spread out the burden of debt repayments.

Nigeria's central bank allotted more bills than it had offered at an auction on Wednesday, and priced its one-year note to yield more than its benchmark rate in a move to draw foreign investors to ...

Reuters. FILE PHOTO: A person holds a new 1000 Naira note as the Central Bank of Nigeria releases the notes to the public through the banks in Abuja, Nigeria, December 15, 2022.

The announcement by Nigeria’s central bank that it has eliminated a foreign-exchange backlog of about $1.5bn clears the way for a recovery in the naira, Charlie Robertson, head of macro strategy at ...

Update 11:45 am UTC: The central bank is denying they have issued a directive. The Central Bank of Nigeria (CBN) has been forced to deny a report saying it issued a directive requiring all banks ...

Abuja, Nigeria – The Central Bank of Nigeria has announced it will adopt Bloomberg’s BMatch solution for interbank trading in the local foreign exchange markets. Bloomberg’s Foreign Exchange ...

Lenders have begun raising additional capital to meet new targets set by the Central Bank of Nigeria, which has given them two years from last month to attain the new standards. In some cases, this ...