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Nigeria's Foreign Exchange Reserves Hit Five-Year Peak Amid Economic Reforms: A Deep Dive into Stability and Growth

Abuja – October 16, 2025 – In a resounding vote of confidence for Nigeria's economic trajectory, the Central Bank of Nigeria (CBN) has unveiled…

Central Bank of Nigeria Bolsters Economic Stability with Robust Reforms and Financial Inclusion Initiatives

The Central Bank of Nigeria (CBN) has reaffirmed its dedication to fostering economic stability and prosperity across the nation through a series o…

Central Bank of Nigeria Launches Landmark Lecture Series to Foster Economic Discourse and Innovation

In a bold move to deepen public understanding of monetary policy and stimulate thought-leadership on national economic development, the Central Ban…

Central Bank of Nigeria Achieves Remarkable Financial Turnaround in 2024, Bolsters Reserves to $38.8 Billion

In a striking demonstration of economic stewardship, the Central Bank of Nigeria (CBN) has recorded a monumental shift in its financial performance…

Central Bank of Nigeria Governor Urges Manufacturers to Lead Nigeria’s Economic Diversification Efforts to Reduce Oil Dependency

On August 27, 2025, Dr. Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), called on manufacturers to spearhead efforts to diversify N…

Central Bank of Nigeria Mandates ISO 20022 Migration and Geo-Tagging for Payment Systems by October 2025

In a bold step to modernize Nigeria’s financial infrastructure and align with global standards, the Central Bank of Nigeria (CBN) has issued a dire…

Central Bank of Nigeria recapitalization drive will strengthen economy – President of Chartered Institute of Bankers of Nigeria

The President of the Chartered Institute of Bankers of Nigeria (CIBN), Professor Pius Deji Olanrewaju, has declared strong support for the Central …

Central Bank of Nigeria interest on government overdraft plummets to N3.1 billion amid policy shift

The Central Bank of Nigeria (CBN) earned N3.1 billion as interest on the Federal Government’s overdraft facility in 2024, marking a dramatic declin…

Central Bank of Nigeria returns to profit in 2024 amid strengthened reserves, strategic reforms

The Central Bank of Nigeria (CBN) has posted a strong financial performance for 2024, marking a significant turnaround from its 2023 deficit. Accordi…

Nigeria’s External Reserves Grew By 5.6% To $38.8bn In 2024 — Central Bank of Nigeria

The apex bank disclosed this in its recently released consolidated and separate financial statements for the year ended December 2024. The Central Ba…

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