Business
CBN offers ₦800bn T-bills as banks park ₦6.98 Trillion
ABUJA, Nigeria — The Central Bank of Nigeria (CBN), acting for the Debt Management Office (DMO), will offer ₦800 billion in Nigerian Treasury Bills on Wednesday, October 28,…
CBN
Business
Portfolio inflows hit $7.09bn in Q2, direct investment lags
LAGOS, Nigeria — Nigeria’s portfolio investment inflows rose 17.6% quarter on quarter to $7.09 billion in the second quarter of 2026, up from $6.03 billion in the first…
Business
CBN sells ₦2.63tn OMO bills, ₦629bn above offer
ABUJA, Nigeria — The Central Bank of Nigeria (CBN) sold ₦2.628 trillion in Open Market Operations (OMO) bills at its October 22, 2026 auction, ₦628.52 billion, or 31.43%,…
Business
CBN offers ₦2 trillion in OMO bills as banks park over ₦6 trillion at deposit window
ABUJA, Nigeria — The Central Bank of Nigeria (CBN) is offering ₦2 trillion in Open Market Operations (OMO) bills on Thursday, October 22, 2026, as banking system liquidity…
Business
Private sector credit falls ₦537.6 billion in September but still up 15.7% a year
ABUJA, Nigeria — Credit to Nigeria’s private sector fell to ₦83.93 trillion in September 2026, down from ₦84.47 trillion in August, according to data released by the Central…
Business
Cash outside banks rises ₦48.7 billion to ₦4.92 trillion in September
ABUJA, Nigeria — Cash held outside Nigeria’s banking system rose by ₦48.7 billion to ₦4.92 trillion in September 2026, according to the latest data from the Central Bank…
Business
Nigeria Money Supply Hits ₦146.6tn After ₦7.5tn Monthly Jump
ABUJA, Nigeria — Nigeria’s money supply rose to ₦146.6 trillion in September 2026, an increase of about ₦7.51 trillion from ₦139.09 trillion in August, according to data published…
Business
CBN Forex Spot Sales Hit $1.64 Billion in H1, 58% in March Alone
ABUJA, Nigeria — The Central Bank of Nigeria (CBN) sold $1.64 billion in foreign exchange through the spot market in the first half of 2026, with CBN forex…
Business
Nigeria Portfolio Investment Hits $6.51bn, Up 26.5% in Q2
ABUJA, Nigeria — Nigeria portfolio investment reached $6.51 billion in the second quarter of 2026, about 26.5% higher than the $5.15 billion recorded in the second quarter of…
Business
Nigeria Core Inflation Rises 1.11% as Food Prices Mask Risk
LAGOS, Nigeria — Nigeria’s headline inflation fell to 14.63% in September 2026, but an analysis of the National Bureau of Statistics (NBS) data shows Nigeria core inflation accelerating,…
Business
Nigeria Growth Target: Oyedele Eyes 7% Above IMF’s 4.3%
BANGKOK, Thailand — Nigeria is aiming for economic growth of 7%, well above the International Monetary Fund’s (IMF) projection of 4.3% for 2027, as the Federal Government accelerates…
Business
AI financing risks: IMF warns $1.4 trillion in commitments could shake global markets
BANGKOK, Thailand — The International Monetary Fund (IMF) has warned that AI financing risks are growing, saying the widening scale of artificial intelligence (AI) investments and complex funding…
Business
Nigeria external reserves climb $115 million in six days to hit $55.07 billion
Nigeria’s external reserves increased by $115 million over six days to reach $55.07 billion, continuing the steady accumulation trend that has supported naira stability and improved the country’s…
Business
CBN withdraws ₦3.31 trillion via OMO as ₦2.17 trillion maturities hit banking system
The Central Bank of Nigeria (CBN) withdrew about ₦3.31 trillion from the banking system at its October 6, 2026 Open Market Operations (OMO) auction, while approximately ₦2.17 trillion…
Business
CBN offers ₦900 billion at first Treasury Bills auction of Q4 2026
The Central Bank of Nigeria (CBN), on behalf of the Debt Management Office (DMO), will offer ₦900 billion in Nigerian Treasury Bills (NTBs) on Wednesday, October 7, 2026,…
Business
Investors bid ₦12.14 trillion for OMO bills as CBN rates fall in September
The Central Bank of Nigeria (CBN) closed September with two Open Market Operations (OMO) auctions that attracted ₦12.14 trillion in bids despite falling rates, suggesting investor demand remained…