CBN

August 17, (THEWILL) — Nigeria’s external reserves have climbed above $52 billion, reaching their highest level in about 17 years, but the naira has not responded with a corresponding surge. The apparent disconnect highlights an important reality about Nigeria’s...

Investors submitted ₦4.93trn for just ₦600bn of OMO bills, underscoring the strong appetite for CBN’s high-yielding securities. The auction was oversubscribed by more than eight times. The 138-day OMO bill attracted ₦3.66trn in bids against ₦300bn offered, with...

CBN removes restrictions limiting banks’ access to its Standing Lending Facility because of their participation in FX and government securities markets. Apex Bank restores collateralised funding for tenors of four to 90 days and expands OMO participation to...

The Central Bank of Nigeria raised interest rates on its one-year Treasury bill to 17.59% at Wednesday's auction. Investors flooded the bank with ₦4.4 trillion in total bids even though only ₦700 billion was originally put up for...

The CBN has opened applications for the second cohort of its Regulatory Sandbox Programme, with applications running from August 12 to August 31, 2026. The new cohort introduces separate tracks for Virtual Asset Service Providers and data-enabled financial...

CBN says reforms have reduced the gap between official and Bureau de Change exchange rates to below two per cent. External reserves remain above $52 billion despite a recent pullback, with the apex bank citing stronger investor confidence. ...

Nigeria's foreign reserves declined by $114 million within seven days after reaching a recent peak of $52.04 billion, according to the Central Bank of Nigeria. Despite the decline, the country's external reserves remain about $463 million higher than...

 Investors submitted ₦3.38 trillion in bids for the one-year Treasury Bill against a ₦500 billion offer, highlighting sustained appetite for long-term government securities despite declining yields.  The CBN lowered the stop rate on the 364-day bill to 17.35...

Central Bank of Nigeria Governor Yemi Cardoso says recent economic reforms are rebuilding investor confidence and strengthening Nigeria's resilience. He argues that artificial intelligence, stronger institutions and macroeconomic stability will determine Africa's competitiveness in the evolving global economy. ...

The WTO's Director-General, Dr Ngozi Okonjo-Iweala, says Africa has a rare opportunity to benefit from global supply-chain diversification driven by geopolitical tensions. She urged countries to move beyond exporting raw materials and develop regional value chains. Okonjo-Iweala also...