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CBN
Nigeria’s net foreign reserves have risen to $46 billion, while stability in the foreign exchange market is helping to strengthen investor confidence, Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has said.
J.P. Morgan plans to establish a merchant bank in Nigeria, with operations targeted to commence before the end of 2026, subject to regulatory approval.
Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has stepped up Nigeria’s financial engagement with Asia through high-level meetings in Singapore focused on market development, institutional cooperation and financial innovation.
The Nigerian currency continued its bullish trend against the British pound due to Nigeria's strengthening economic fundamentals.
Nigeria’s fixed-income market is expected to receive about N11 trillion in liquidity inflows in October, which Cordros Capital says could sustain reinvestment demand and put further downward pressure on yields.
The Debt Management Office (DMO) allotted N968.47 billion in Nigerian Treasury Bills (NTBs) on Wednesday, exceeding its N900 billion offer as strong investor demand accompanied a further decline in the 364-day stop rate to 15.85%.
Banks cut their deposits with the Central Bank of Nigeria (CBN) through the Standing Deposit Facility (SDF) by N941.85 billion to N3.76 trillion on October 7, 2026, marking the largest single-day reduction since September 30.
The Central Bank of Nigeria (CBN) withdrew about N3.31 trillion from the banking system at its October 6, 2026 Open Market Operations (OMO) auction, while approximately N2.17 trillion in maturing OMO bills flowed back into the system.
The Central Bank of Nigeria (CBN), on behalf of the Debt Management Office (DMO), will offer N900 billion in Nigerian Treasury Bills (NTBs) on Wednesday, October 7, 2026, with the one-year instrument accounting for the bulk of the offer.
The Financial Markets Dealers Association (FMDA) has projected total liquidity inflows into Nigeria’s financial system at N13.250 trillion in October 2026, representing a 14.82% decline from the N15.556 trillion estimated for September.
Nigeria's foreign exchange market recorded a sharp pullback in trading activity in the week ended October 2, 2026, with total turnover across.
The Central Bank of Nigeria (CBN) closed September with two Open Market Operations (OMO) auctions that attracted N12.14 trillion in bids...