Nigerian stock market rebounds with N1.58 trillion gains
The Nigerian equities market rebounded on Thursday, July 23, 2026, with N1.58 trillion gain in market capitalization, reversing losses in…
IMF urges central banks to tighten AI oversight
The International Monetary Fund (IMF) has urged central banks and financial regulators worldwide to strengthen oversight of artificial intelligence (AI)…
Nigeria’s money supply hits N133.25trillion amid tight monetary policy
Nigeria’s broad money supply climbed to N133.25tn in June 2026, up from N129.21tn in May, despite the Central Bank of…
US slams 12.5% tariff on Nigerian imports over forced-labour claims
The United States has imposed a 12.5 per cent tariff on imports from Nigeria as part of a new trade…
CBN charges banks to support productive sector
With the completion of bank recapitalization, the Central Bank of Nigeria (CBN) has charged the financial institutions in the country…
Credit to Nigeria’s private sector hits N83 trillion
The Central Bank of Nigeria (CBN) says there is a significant expansion in the country’s financial system, with credit to…
NDIC begins payment to depositors of 46 failed microfinance banks
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the payment of insured deposits to customers of the 46 microfinance banks…
PenCom to increase statutory pension contribution rates in Reform Act review
The National Pension Commission (PenCom) says that there are plans to increase statutory pension contribution rates as part of an…
Finance Minister seeks stronger cooperation of financial system stability
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, said a stronger financial system was critical to…
Crude oil taxes have increased Nigeria’s FX reseves to $52.5bn , says CBN Governor
Mr. Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), says the country’s gross external reserves rose to $52.52…