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Forex unification improved market liquidity – CBN Gov., as Nigeria’s external reserves reach $52bn
Nigeria’s external reserves surged to more than $52 billion as of July 15, 2026, according to Central Bank of Nigeria (CBN) Governor, Mr Olayemi Cardoso. According to Mr Cardoso, the country’s net reserves also increased significantly from about $3 billion…
Excess liquidity persists, as banks lodge N4.15trn in deposits with CBN
According to the Central Bank of Nigeria (CBN), the banking sector lodged a total of N4.15 trillion with it through its Standing Deposit Facility (SDF) during the week. According to the bank, the trend further highlights continued excess liquidity in…
Nigeria spends $920m on foreign debt servicing in two months
Minister of Finance and Coordinating Minister for the Economy, Taiwo Oyedele Central Bank of Nigeria (CBN) has disclosed that the country spent about $920 million to service its external debt obligations in the first two months of 2026. Oracle Intelligence…
Oil sector drives Nigeria’s current account surplus to reach $5.0bn in Q1 2026
According to the Central Bank of Nigeria (CBN), the country’s Balance of Payments (BoP) recorded a current account (CA) surplus of $5.0 billion in the first quarter of 2026, significantly higher than $1.4 billion in the fourth quarter of 2025 and…
CBN mops up N1.06trn excess liquidity from banking system, repays N2.21trn via maturing OMO bills
Central Bank of Nigeria (CBN), Wednesday, disclosed that it mopped up excess liquidity from the banking system, raising N1.06 trillion at its Nigerian Treasury Bills (NTBs) auction after the repayment of N2.21 trillion in maturing Open Market Operation (OMO) bills injected…
Standard, commemorative N100 banknotes still legal tenders — CBN clarifies
Central Bank of Nigeria (CBN) moved to clear the confusions trailing current rejection of the standard version of the N100 banknote by Nigerians, as it stated that the currency is still a legal tender. The regulator further warned individuals, businesses,…
CBN caps payment, contract rights’ suspension for distressed banks at two days
Central Bank of Nigeria (CBN) has capped the period within which payment obligations and contract termination rights may be suspended when it intervenes in a distressed bank, at two working days. CBN, in a circular posted to banks and other operators…
CBN orders banks to freeze assets of six persons, four BDCs over terrorism financing
Sequel to the action taken by the United States government in exposing three persons, including a Nigerian foreign exchange dealer linked to a terrorism group, the Central Bank of Nigeria (CBN) has followed with a directive to commercial banks to freeze…
Nigeria’s crude oil import rises by 308.9% to hit $1.39bn in Q1 2026, as petrol, gas importation drop to 87.5%
Data obtained from the Balance of Payments Highlights of the Central Bank of Nigeria (CBN) has indicated a rise in Nigeria’s crude oil imports from the $340 million recorded in the fourth quarter (Q4) of 2025 to $1.39 billion in…
CBN offers N450bn NTBs for auction, Wednesday, as overall maturities for Q2 ’26 remain at N3.197trn
Central Bank of Nigeria (CBN), Wednesday, put up for offer a total of N450 billion worth of Nigerian Treasury Bills (NTBs) for auction for todayJune 17, with the settlement date set for June 18. An official notice to Primary Money Market…
