Central Bank of Nigeria

Indian equity volatility and rising crude oil prices

29 clusters · 237 sources · last updated about 9 hours ago

Latest: Indian stock markets rebound as Sensex and Nifty close higher

Following a recovery in early October, where the Sensex climbed to 73,067 and the Nifty 50 reclaimed levels above 22,750, the Indian equity market entered a period of heightened volatility. This initial rebound was suppo

Nigeria Naira exchange rate and liquidity dynamics

34 clusters · 56 sources · last updated about 13 hours ago

Latest: Nigeria net foreign exchange flows reach $22.5bn in Q2 2026

By late October 2026, the Nigerian naira continued to exhibit volatility against the US dollar. On October 13, the currency weakened to ₦1,335.50 per dollar, its weakest level since August, due to rising demand for inter

Ghana-Nigeria Treasury bill and OMO liquidity demand

33 clusters · 55 sources · last updated about 20 hours ago

Latest: Nigeria banking system liquidity reaches N6.94 trillion

By late October 2026, liquidity and debt market dynamics in Nigeria and Ghana continued to evolve through central bank interventions and shifting investor appetites. In Nigeria, the Central Bank of Nigeria (CBN) has uti

JPMorgan Chase merchant bank expansion in Nigeria

5 clusters · 31 sources · last updated about 24 hours ago

Latest: JPMorgan receives preliminary approval for Nigerian merchant bank

JPMorgan Chase & Co. is advancing plans to establish a licensed merchant bank in Nigeria by the end of 2026, subject to regulatory approval from the Central Bank of Nigeria (CBN). To meet the capital requirements for a n

Nigeria market volatility: business confidence and NGX swing

32 clusters · 73 sources · last updated 1 day ago

Latest: Nigerian Exchange sees record market capitalization and domestic trading surge

Following the bearish downturn in early October, the Nigerian Exchange (NGX) showed brief signs of recovery around October 9, with the All-Share Index (ASI) gaining 0.13 percent to close at 248,363.55 points, adding N209

Monetary policy and lending rate shifts in Nigeria

8 clusters · 46 sources · last updated 2 days ago

Latest: Central Bank of Nigeria defends 75% cash reserve requirement

In Nigeria, banking lending rates have begun to decline following a reduction in the Monetary Policy Rate (MPR). In August 2026, the average maximum lending rate dropped to 29.19 percent from 33.16 percent in July, follo

Mixed global PMI trends in manufacturing and services

22 clusters · 255 sources · last updated 2 days ago

Latest: US Manufacturing PMI reaches 53-month high amid nearshoring trends

Global economic indicators show varied performance across sectors. In the United States, the services sector showed strength in August, with the ISM non-manufacturing PMI rising to 55.4 and the S&P Global Services PMI re

Nigeria ICPC anti-corruption reform efforts

7 clusters · 16 sources · last updated 2 days ago

Latest: Nigeria’s ICPC and China’s Xinhua explore media partnership

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) in Nigeria has moved toward systemic reforms aimed at enhancing economic stability and institutional integrity. Initially, ICPC Chairman Musa

Nigeria mobile device registration and service quality

6 clusters · 31 sources · last updated 4 days ago

Latest: Nigerian Communications Commission warns operators over service quality

The Nigerian Communications Commission (NCC) has implemented a regulatory framework to manage and verify SIM-enabled devices through a Device Management System (DMS). Utilizing a Central Equipment Identity Register (CEIR

Nigeria-China financial cooperation development

2 clusters · 12 sources · last updated 4 days ago

Latest: Central Bank of Nigeria seeks to deepen Nigeria–China financial ties

Following the IMF and World Bank Annual Meetings in Bangkok, Central Bank of Nigeria Governor Olayemi Cardoso reported improvements in Nigeria’s economic indicators, including a decline in headline inflation and an incre

Nigeria advances oil, gas, and power infrastructure targets

35 clusters · 96 sources · last updated 5 days ago

Latest: Nigeria energy sector shifts focus toward execution and reliability

Nigeria is pursuing ambitious energy targets, aiming for 3 million barrels of crude oil and 12 billion cubic feet of gas output daily by 2030. To drive this, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC)

Ghana macro stability, debt, and cedi volatility

44 clusters · 68 sources · last updated 6 days ago

Latest: Ghana cedi gains strength amid GoldBod foreign exchange interventions

Following the completion of sovereign bonded-debt restructuring in July 2026, the Bank of Ghana (BoG) has worked to protect the cedi and maintain low inflation. While the IMF raised Ghana’s 2026 economic growth forecast

Global banking digital transformation and Nigeria fintech

3 clusters · 15 sources · last updated 7 days ago

Latest: Nigeria's financial sector evolves through digital banking and regulatory frameworks

The banking industry is undergoing a significant transition as physical branches are decommissioned in favor of digital and virtual services. This shift toward dematerialization has changed the nature of banking labor, w

Nigerian university tuition fee hike suspensions

2 clusters · 4 sources · last updated 7 days ago

Latest: Joseph Sarwuan Tarka University suspends 2026/2027 fee increase

Several Nigerian universities have suspended proposed tuition fee increases following pushback from students and stakeholders. Ahmadu Bello University in Zaria paused its implementation of higher fees, which would have

Nigerian government pension and benefit disbursements

8 clusters · 28 sources · last updated 7 days ago

Latest: Enugu State approves ₦32 billion to settle retiree gratuity arrears

In September 2026, various levels of the Nigerian government initiated significant fund releases to address retiree benefits and pension obligations. At the state level, Ogun and Nasarawa released substantial funds to ma

Nigeria insurance recapitalisation and regulatory updates

20 clusters · 39 sources · last updated 8 days ago

Latest: Nigeria insurance sector faces pressure to utilize N1.08tn recapitalisation

The Nigerian insurance sector’s 12-month recapitalisation programme, introduced under the 2025 Insurance Industry Reform Act, has concluded. By 22 August 2026, the National Insurance Commission (NAICOM) confirmed that 50

Nigeria public debt and World Bank financing trends

3 clusters · 37 sources · last updated 8 days ago

Latest: Nigeria Finance Ministry disputes World Bank debt interest claims

Nigeria’s total public debt stock rose to N166.79 trillion (approximately $120.93 billion) as of June 30, 2026, marking a 4.7% increase from the end of March 2026. The debt portfolio consists of N91.59 trillion in domest

Nigeria domestic government bond market activity

4 clusters · 14 sources · last updated 10 days ago

Latest: Nigeria Debt Management Office to offer N1.75tn in government bonds

In 2026, the Nigerian Federal Government significantly increased its domestic borrowing through the bond market. During the first nine months of the year, the Debt Management Office (DMO) allotted ₦7.15 trillion in FGN b

Nigeria manufacturing and inflation trends

4 clusters · 16 sources · last updated 11 days ago

Latest: Nigeria inflation rate falls to 14.63% in September

Nigeria’s manufacturing and fast-moving consumer goods (FMCG) sectors are navigating significant economic and structural challenges. While major FMCG companies, including BUA Foods, Nestlé Nigeria, Nigerian Breweries, an

OPay operations and recognition in Nigeria

2 clusters · 5 sources · last updated 12 days ago

Latest: OPay wins Digital Bank and Financial Inclusion awards at BAFI 2026

OPay has reached its eighth year of operations in Nigeria since entering the market in 2018 through the acquisition of Paycom. The fintech company has expanded its services from basic digital payments to include merchant

Nigerian gold market price trends

2 clusters · 8 sources · last updated 12 days ago

Latest: Nigeria gold prices hold steady at N178,000 per gram

Gold prices in Nigeria have experienced a downward trend, falling to approximately N180,000 per gram from previous highs exceeding N200,000. This decline was attributed to a strengthening Nigerian Naira against the US Do

Digitalization and skill shifts in Nigeria

7 clusters · 14 sources · last updated 13 days ago

Latest: Nigeria stakeholders call for more private-sector funding for entrepreneurs

In Nigeria, there is a growing emphasis on digital skills, entrepreneurship, and technical trades as viable alternatives to traditional formal employment. Youth are increasingly seeking marketable skills in areas such as

SERAP sues CBN over election funds and N1.63tn in public-mon

3 clusters · 27 sources · last updated 16 days ago

Latest: Central Bank of Nigeria sued by SERAP over $6.23m and N1.63tn in funds

The Socio-Economic Rights and Accountability Project (SERAP) has escalated its campaign for financial transparency by filing a lawsuit against the Central Bank of Nigeria (CBN) at the Federal High Court in Abuja. The le

Nigeria industrialization policy and economic reform

7 clusters · 49 sources · last updated 16 days ago

Latest: Nigeria economic reforms show positive results, according to World Bank report

Nigeria continues to address structural and financial challenges to its industrialization efforts. Initial assessments by the Nigerian Economic Summit Group (NESG) highlighted that policy alone is insufficient, noting th

Nigeria Deposit Insurance Corporation activities

2 clusters · 6 sources · last updated 19 days ago

Latest: Nigeria Deposit Insurance Corporation wins integrity award and disburses N1.48 billion

The Nigeria Deposit Insurance Corporation (NDIC) has focused on enhancing financial stability and streamlining the reimbursement process for insured depositors. The agency urged depositors to verify their personal data a

Nigeria credit expansion and financial inclusion trends

2 clusters · 6 sources · last updated 20 days ago

Latest: Moniepoint CEO advocates cash flow lending as Nigerian credit access rises

In mid-2026, Nigeria experienced growth in consumer and private sector credit. Central Bank of Nigeria data indicated that total consumer credit reached N3.18 trillion in May, driven largely by personal loans which accou

African digital payments and fintech growth

7 clusters · 20 sources · last updated 21 days ago

Latest: Africa's digital economy shifts focus toward infrastructure and frictionless payments

Africa is undergoing a significant economic transformation through the growth of its digital payments and fintech ecosystem, with the regional digital payments economy projected to reach US$1.5 trillion by 2030. Nigeria

Nigeria economic stability, FX inflows, and cost of living

25 clusters · 62 sources · last updated 22 days ago

Latest: Nigeria economic reforms spark hardship amid subsidy removal

By late September 2026, Nigeria’s macroeconomic landscape continued to show signs of stabilization following structural reforms, including fuel subsidy removal and foreign exchange liberalization. While real GDP growth r

Nigeria digital data and cloud localization efforts

14 clusters · 35 sources · last updated 23 days ago

Latest: Central Bank of Nigeria data localization mandate pressures fintechs

Nigeria is advancing efforts to localize cloud infrastructure and digital data to bolster economic sovereignty. On August 5, 2026, the National Sovereign Cloud Initiative was formalized through regulatory instruments sig

Nigeria monetary and tax policy adjustments

3 clusters · 17 sources · last updated 23 days ago

Latest: Central Bank of Nigeria cuts interest rate to 23%

Nigeria is implementing significant adjustments to its monetary and fiscal frameworks. On September 25, 2026, the Federal Government announced a new framework for interest on late tax payments under the Nigeria Tax Admin