CBN

The Central Bank of Nigeria (CBN) has cut its benchmark Monetary Policy Rate (MPR) by 350 basis points to 23 percent, from 26.5 percent.

Credit to Nigeria’s private sector rose for the third consecutive month in August 2026, reaching ₦84.55 trillion, according to the latest data from the Central Bank of Nigeria.

Nigeria’s equities market returned to FTSE Russell’s Frontier Market classification on Monday, September 21, bringing eligible Nigerian stocks back into the FTSE Frontier Index Series.

Nigeria’s Monetary Policy Committee opens its 307th meeting on Monday, September 21, with inflation easing for a second consecutive month, gross external reserves climbing to $54.61 billion and the naira trading around ₦1,329.86 per dollar at the official market.

The Central Bank of Nigeria (CBN) and the Federal Ministry of Finance have formalised a framework for fiscal and monetary policy coordination, seeking to strengthen macroeconomic management and improve policy coherence.

Nigeria’s inflation picture changed more significantly in August than the headline figure of 15.39 percent suggests, with monthly price growth slowing sharply, core inflation turning negative and food inflation reversing the steep acceleration recorded in July.

GTCO, Access Holdings, United Bank for Africa and Fidelity Bank secured extensions from the Nigerian Exchange Limited to September 30 to submit their audited half-year results.

The Central Bank of Nigeria (CBN) has received the Nigerian Economic Society’s Distinguished Organisation Award, with the professional body recognising reforms undertaken by the apex bank across Nigeria’s monetary, foreign exchange and financial sectors.

CBN Governor, Olayemi Cardoso, represented by Deputy Governor, Economic Policy Directorate, Philip Ikeazor, gave the assurance on Tuesday at the 19th Annual Banking and Finance Conference of the Chartered Institute of Bankers of Nigeria in Abuja.

The apex bank announced on Tuesday that terrorism financing has now been elevated to a current supervisory priority, underscoring its determination to strengthen compliance with anti-money laundering and counter-terrorism financing regulations across the financial sector.