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UK sets £40bn target for education exports by

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Cashew industry generates over $400m from export –

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Nestlé ‘recovers all plastic’ placed on Nigerian market

  • 23rd January 2026

Tinubu approves commercial oil exploration at Tongeji Island,

  • 23rd January 2026

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Finance

Nigeria cuts fuel import spending by 54% — CBN

Nigeria’s spending on the importation of refined petroleum products has declined sharply by 54 per cent over two years, falling from $14.58bn in the first nine months of 2023 to $6.71bn in the corresponding period of 2025, according to figures from the Central Bank of Nigeria’s Balance of Payments report. The data showed that fuel […]

CBN fines Moniepoint, OPay ₦1bn in regulatory crackdown
Finance

Dollar supply rebounds 38% amid CBN market intervention

Dollar supply in Nigeria rebounded by 38 per cent month on month in December 2025, as increased foreign exchange sales by the Central Bank of Nigeria helped support market liquidity, data from FMDQ showed. Total foreign exchange inflows into the FX market rose sharply by 38 per cent month on month to $2.8 billion in […]

Business

CBN projects petrol prices around N950/litre in 2026

The Central Bank of Nigeria has projected that petrol prices will hover around N950 per litre in 2026, according to its 2026 Macroeconomic Outlook. In its forecast for the domestic economy, the CBN outlined baseline projections based on assumptions such as an average crude oil price of $60 per barrel in Q4 2025 and $55 […]

Business

CBN prioritises banking stability, fintech oversight, and inflation control 2026

The Central Bank of Nigeria has identified banking system stability, enhanced fintech regulation, inflation management, and modernisation of payments infrastructure as the core pillars of its 2026 reform agenda. CBN Governor Mr. Olayemi Cardoso outlined these priorities in a statement on X (formerly Twitter), highlighting the apex bank’s strategic focus for the year. The agenda […]

CBN fines Moniepoint, OPay ₦1bn in regulatory crackdown
Business

Nigeria’s money supply grows despite CBN’s tight monetary policy

Nigeria’s broad money supply (M3) rose to N122.95 trillion in November 2025, up from N119.04 trillion in October, indicating a continued expansion of liquidity in the financial system despite the Central Bank of Nigeria’s generally tight monetary policy. Data from the CBN shows that banking system liquidity remains ample even as the apex bank maintains […]

Banking

CBN projects bullish capital market in 2026 amid bank racapitalisation

The Central Bank of Nigeria has forecast that Nigeria’s capital market will sustain a bullish trend in 2026, buoyed by the ongoing bank recapitalisation programme, improving investor confidence and favourable policy support. The projection is contained in the apex bank’s newly released report titled “Macroeconomic Outlook for Nigeria, 2026: Consolidating Macroeconomic Stability Amid Global Uncertainty.” […]

Economy

CBN sets 16.5% inflation target for 2026

Nigeria’s Central Bank is formally entrenching its transition to an inflation-targeting monetary framework, with the long-term objective of moderating inflation to 13 per cent by the year 2027. These details were outlined in the Central Bank of Nigeria’s 2026 macroeconomic outlook released on Tuesday. The bank also projects that inflation will average around 21 per […]

Business

IMTO inflows drop 11.78%, CBN data shows

Inflows from International Money Transfer Operators into Nigeria dropped by 11.78 per cent in the first half of 2025 compared with the same period in 2024, according to the Central Bank of Nigeria’s latest Quarterly Statistical Bulletin. Data analysis showed that IMTO receipts amounted to $2.07 billion between January and June 2025, down from $2.34 billion in […]

CBN fines Moniepoint, OPay ₦1bn in regulatory crackdown
Banking

CBN orders banks to configure ATMs, PoS for foreign cards

In a move aimed at ensuring uninterrupted and efficient transactions for users of foreign-issued payment cards across Nigeria, the Central Bank of Nigeria has directed banks and non-bank acquirers to configure all Automated Teller Machines, Point of Sale terminals and virtual payment platforms to accept international cards supported by Nigerian acquirers. The apex bank said […]

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