Topic
CBN
FMDQ Turnover Hits N551.23 Trillion in Nine Months as FX and OMO Bills Take 64%
FMDQ turnover reached N551.23 trillion from January to September 2026, with FX and CBN OMO bills making up 64% and three banks handling 42.7% of the total.
JPMorgan Merchant Bank Nigeria: CBN Gives In-Principle Approval as N50bn Deposit and Seven-Member Board Are Cleared
JPMorgan merchant bank Nigeria plan clears its first CBN hurdle: approval in principle, a reported N50bn deposit and Dapo Olagunju named managing director.
Naira Exchange Rate Falls to N1,365/$: Sharpest Daily Drop in 18 Months as FX Demand Stays High
The naira exchange rate fell N28 to N1,365/$ on 22 October, its sharpest daily drop since April 2025. What CBN data shows and what to watch next.
FGN Bond Auction: DMO Sells N1.21 Trillion as Investors Pile Into the 2036 Paper at 17.29%
The October FGN bond auction drew N1.75 trillion in bids and the DMO sold N1.21 trillion. The September 2036 bond took N781 billion at a 17.29% marginal rate.
Nigeria Private Sector Credit Falls N537.6bn in September Despite the CBN's Biggest Rate Cut Since 2006
Nigeria's private sector credit fell N537.6bn to N83.93trn in September, even after the CBN's 350bp rate cut. What is holding back bank lending in Nigeria.
Nigeria 10-Year Bond Yield Climbs to 17.05% as US, Kenya and South Africa Yields Fall
The Nigeria 10-year bond yield rose 46 bps to 17.05% while US, Kenyan and South African yields fell. Here is what the October FGN bond auction tells investors.
Nigeria Money Supply Jumps N7.5 Trillion in September to N146.6 Trillion
Nigeria money supply rose 5.4% in September to N146.6 trillion after a flat August, CBN data show. What drove the jump and what it could mean for inflation.
J.P. Morgan Merchant Bank in Nigeria Moves Closer After N50bn CBN Deposit
J.P. Morgan's merchant bank in Nigeria is a step closer: the US lender has deposited N50bn with the CBN, meeting the licence capital floor. What it could do.
Nigeria FX Turnover Falls 22% to $2.62bn as Forward Deals Drop 81%
Nigeria FX turnover fell 22.23% to $2.62bn in the week to 16 October as forwards dropped 81%. The naira held near N1,333/$ after a $430.6m CBN sale.
Nigerian Banks Park N6 Trillion at the CBN After N2.4 Trillion OMO Repayment
Nigerian banks' CBN deposits topped N6 trillion after a N2.41trn OMO repayment, as the DMO rejected about 74% of bids at its latest Treasury bill auction.
Nigeria FX Demand Hits $18.34bn in Q2 2026, Its Highest Since 2011
Nigeria FX demand rose to $18.34bn in Q2 2026, its highest since 2011, as financial services outflows doubled imports and CBN dollar sales fell to $418m.
Nigeria-China Payments: CBN's Cardoso Takes Settlement Talks to Beijing
Nigeria-China payments are on the CBN's agenda as Governor Cardoso plans Beijing talks on settlement, fintech and trade finance with the People's Bank of China.