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CENTRAL BANK OF NIGERIA
News and analysis about Central Bank of Nigeria
The Nigerian Export-Import Bank (NEXIM) spent a staggering N3.9 billion on staff travel in 2024, representing an increase of over 4,500% compared to N79.6 million in 2023, according to its audited financial statements.
The share capital of Wema Bank Plc, one of Nigeria’s Tier 2 financial institutions, rose by a significant 66% with the listing of 14,143,244,747 additional ordinary shares on the Nigerian Exchange Limited (NGX) on Tuesday, September 30, 2025.
The Naira recorded its first depreciation in more than a week, closing at N1,469/$1 on Friday, October 3, 2025.
FCMB Group Plc has launched a N160 billion public share sale to strengthen its banking subsidiary and meet the Central Bank of Nigeria's new N500 billion minimum capital requirement for international banks.
Credit to Nigeria’s private sector fell to N75.8 trillion in August 2025 from N76.12 trillion in June 2025.
CEO of Nairametrics, Ugo Obi-Chukwu, has projected that commercial banks in Nigeria will begin to lower interest rates on loans in 2026, following a period of aggressive capital accumulation and strong profitability.
The Central Bank of Nigeria (CBN) has expressed concern that monthly allocations from the Federation Account Allocation Committee (FAAC) are fuelling excess liquidity in the banking system, posing risks to price stability.
Nigeria’s latest inflation report, showing continued deceleration, has sparked mixed reactions across the country, with economic experts welcoming the development while citizens on social media questioned its impact on everyday living.
Nigerian corporates are increasingly turning to the short-term capital market for funding as high interest rates make traditional borrowing channels, particularly bank overdrafts and long-term debt, far more costly.
The Central Bank of Nigeria (CBN) has been warned not to rush into relaxing the Monetary Policy Rate (MPR) as the inflation figures currently being reported are still “outliers” and do not provide a stable basis for such a policy shift.
Nigerian businesses are currently battling soaring loan interest rates from commercial banks, ranging between 29% and 36%, adding pressure to an already fragile economy.
The Nigerian Naira posted its biggest one-day gain against the dollar in 2025 at the official foreign exchange market on Thursday, ahead of Friday's public holiday to commemorate Eid-ul-Mawlid, the birth of the Holy Prophet Muhammad.