UBA plans to raise ₦144.8 billion in additional capital to meet CBN’s new requirements and expand operations into France and Saudi Arabia.
Nigerian banks generated N8.41 trillion from customer loans in 2024, marking a 106% increase driven by CBN’s tight monetary policy and higher lending rates.
Foreign investments in Nigeria surged 524% in January 2025, driven by CBN’s aggressive interest rate hikes. Portfolio inflows dominate, while FDI continues to decline.
Despite the euro’s surge against the U.S. dollar in global markets, the Nigerian naira remained steady on the parallel market
Foreign investors acknowledge Nigeria’s macroeconomic reforms but raise concerns about oil volatility, capital repatriation risks, and high market costs at CBN’s investment forum in New York.
Nigeria’s annual inflation surged to 24.2% in March, up from 23.2%, driven by a weakening naira and falling oil prices amid global trade tensions.
Nigeria saw a 9% rise in remittance inflows in 2024, hitting $20.98 billion—the highest in five years under CBN Governor Olayemi Cardoso.
Nigeria’s financial markets reel from global tariff tensions as the naira weakens despite CBN’s $321m intervention
Central Bank of Nigeria (CBN) injects $197.71 million into the foreign exchange market to stabilise the naira, enhance liquidity, and counter global economic shifts
Liquidity scarcity impact Nigeria’s one-year treasury bill demand has dropped to its lowest level in 2024 despite rising yields.
