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Central Bank of Nigeria

Nigeria opens 2026 licensing round with 40 oil blocks as output hits 1.82 million barrels a day

Nigeria has launched its 2026 oil licensing round, offering 40 blocks across land, shallow water and deepwater, as crude and condensate output rises to 1.82 million barrels a day.

“Even a pregnant woman suffers”: Ogun’s Oke Sefu residents beg Gov. Abiodun to fix flooded, pothole-ridden road

Residents of Oke Sefu community in Ibafo, Ogun State, are appealing to the state government to repair a flooded, pothole-ridden access road that has disrupted livelihoods.

Nigeria’s Inflation Slows for the First Time in 19 Months

Nigeria’s inflation rate slows after 19 months of increase, offering brief relief but ongoing economic challenges remain.

Nigeria’s Economic Activity Drops for 13th Straight Month in July

Nigeria's economic activity contracts for the 13th month, as rising costs and declining employment continue to hinder growth.

Nigeria’s Inflation Climbs to 34.19% in June, Driven by Food Prices

Nigeria's inflation rate rose to 34.19% in June, driven by rising food prices. This significant increase poses serious concerns for the economy and citizens.

Nigeria’s Weekly Billion-Dollar Crypto Transactions Face Regulatory Scrutiny

Nigeria's booming cryptocurrency market, with transactions worth billions of dollars weekly, is facing increased regulatory scrutiny as authorities aim to balance innovation with financial stability and consumer protection, addressing concerns over money laundering and fraud.

Banks’ Weekly Borrowing from CBN Soars to ₦5.38 Trillion Amid Liquidity Crunch

Nigerian banks' weekly borrowing from the CBN has surged to ₦5.38 trillion, reflecting increased liquidity demand and economic challenges.

Naira Falls as External Reserves Dip Despite FX Reforms

The naira continues to fall amid declining external reserves, despite FX reforms by the Central Bank of Nigeria, raising concerns about the country's economic stability.

Major Shakeup at CBN: Over 90 Senior Staff Dismissed

The Central Bank of Nigeria has dismissed seven directors and over 90 senior management staff as part of a major restructuring to enhance operational efficiency and governance.

Nigerian Senator Urges Caution in Amending CBN Act

Senator Sani Musa calls for careful consideration in amending the CBN Act, emphasizing the need to preserve the Central Bank's autonomy for economic stability.

Nigeria Enhances Oil Investment Appeal with FX Regulation Relaxation

LAGOS - Nigeria, Africa's largest oil producer, has unveiled new measures aimed at attracting...

Central Bank Enforces 0.5% Cybersecurity Levy on Electronic Transfers

Lagos, Nigeria (BusinessDay) – In a bid to bolster cybersecurity measures and protect electronic...

Emefiele to Face Trial for Alleged $2.14 Billion Forex Abuse in Lagos on Monday

The Governor of the Central Bank of Nigeria, Godwin Emefiele, is set to appear...

Naira Hits Record Low on Official Exchange, Nears N1,500/$ Mark

The naira plunges to a new all-time low on the official market, raising concerns over potential economic impacts and market stability.

Latest articles

Nigeria opens 2026 licensing round with 40 oil blocks as output hits 1.82 million barrels a day

Nigeria has launched its 2026 oil licensing round, offering 40 blocks across land, shallow water and deepwater, as crude and condensate output rises to 1.82 million barrels a day.

“Even a pregnant woman suffers”: Ogun’s Oke Sefu residents beg Gov. Abiodun to fix flooded, pothole-ridden road

Residents of Oke Sefu community in Ibafo, Ogun State, are appealing to the state government to repair a flooded, pothole-ridden access road that has disrupted livelihoods.

Dangote refinery cuts off petrol sales to fuel importers over “blending” of Euro-5 product with imported grades

Dangote Petroleum Refinery has stopped selling petrol to marketers who import fuel, accusing them of blending its Euro-5 product with lower-quality imported grades.

Lionel Messi plays final Argentina match tonight against Benin after 21 years, 207 caps and 125 goals

Lionel Messi will play his final match for Argentina on Tuesday in a friendly against Benin at Buenos Aires' Estadio Monumental, ending a 21-year international career.