Tag: CBN

Finance

Handle naira with care, pride, CBN begs Nigerians

The Central Bank of Nigeria has appealed to Nigerians, especially traders, to handle the naira with care, pride and dignity in order to prolong its lifespan and cut the cost of replacing soiled and mutilated notes. The Director, Currency Operations and Branch Management, Dr Adedeji Adetona, gave the advice in Kano on Monday during a […]

Finance

NFEM turnover falls to $2.25bn as CBN cuts interest rate to 23%

Turnover on the Nigerian Foreign Exchange Market declined by 17.7 per cent week-on-week to $2.25 billion in the week ended September 25, 2026, marking the second consecutive week of decline for the market. Data from the Central Bank of Nigeria showed that turnover dropped from $2.74 billion recorded in the previous trading week, even as […]

Opinion

Experts urge CBN to channel diaspora funds into investment — Report

Economic experts have called on the Central Bank of Nigeria to redirect diaspora inflows into productive and revenue-generating sectors as a way of channelling capital into investments that will further boost the economy. While commending the apex bank for its effective regulatory reforms, which successfully facilitated $11.12 billion in personal transfers into the country in […]

Policy and Regulations

FG, CBN sign MoU to formalise fiscal-monetary coordination

The Federal Government and the Central Bank of Nigeria have signed a Memorandum of Understanding aimed at formalising coordination between fiscal and monetary authorities, with a focus on strengthening macroeconomic management and policy consistency. The agreement, signed by the Federal Ministry of Finance and the CBN in Abuja on Friday, establishes a structured framework for […]

Economy

Firms, households expect inflation pressures to ease further — CBN

Nigerian firms and households expect inflation-related spending to ease over the next six months, even as energy costs remain the biggest driver of inflation perceptions. This is according to the Central Bank of Nigeria’s July 2026 Inflation Expectation Survey. The survey showed that energy costs, insecurity, interest rates and exchange rate movements remained the major […]

Business featured

Firms expect borrowing costs to ease in coming months — CBN

Firms are expecting borrowing cost for banks’ loans to decline in the next three months despite seeing rates elevated in July. This was contained in the Central Bank of Nigeria’s, latest Business Expectation Survey Report. CBN said: “Respondents expect borrowing rates to remain elevated across the same periods, as indicated by the consistently positive borrowing […]

Banking

Bank customers’ complaints rise 11% as CBN orders ₦19.12bn refund

Bank customers filed more complaints against financial institutions in 2025, prompting the Central Bank of Nigeria to order significant refunds to affected consumers. Bank customers lodged 23,129 complaints against financial institutions in 2025, representing 11 per cent increase over the previous year, prompting the Central Bank of Nigeria, CBN, to order refunds totaling N19.12 billion […]

Business

CBN allots N1.19tn as investors shun short-term treasury bills

Investors in Nigeria’s Treasury Bills market submitted N2.87 trillion in bids for the 364-day instrument at the July 15 primary market auction, more than seven times the N400 billion offered. The 91-day and 182-day bills were undersubscribed, while the Central Bank of Nigeria allocated a total of N1.19 trillion across the three tenors, according to […]

Banking

CBN targets ₦600bn in treasury bills auction today

The Central Bank of Nigeria is targeting to raise N600 billion through a Nigerian Treasury Bills auction scheduled for today, Wednesday, July 15, 2026, in what will be the latest primary market issuance under the apex bank’s Q3 2026 borrowing calendar. Nairametrics reported that the planned auction was disclosed in an official tender notice issued […]

Business

CBN repays N2.97tn in maturing OMO bills

The Central Bank of Nigeria repaid N2.97 trillion in maturing Open Market Operations bills on Tuesday, a day after it conducted a N600 billion OMO auction that saw total allotments of N2.54 trillion across three tenors. The apex bank’s financial data for Tuesday, July 14, also showed it redeemed N17.05 billion from the primary market, […]