Reforms: Nigeria on path to sustainable economic growth — CBN
The Central Bank of Nigeria (CBN) has said Nigeria is on a path towards greater economic stability, increased competitiveness and sustainable growth following ongoing monetary, financial and foreign exchange reforms.
FG plans 24-hr power zones in Lagos, Abuja, Kano, others
By Obas Esiedesa, Abuja The Federal Government (FG) has begun engagements with electricity distribution companies to develop Energy Zones aimed at delivering 24-hour electricity supply to homes, businesses and industries in major demand centres across the country. The Minister of Power, Joseph Tegbe, held a closed-door meeting with the leadership of selected distribution companies to […]
Forex inflow rises 36.5% to $33.76bn in five months
By Elizabeth Adegbesan Nigeria’s net foreign exchange (forex) inflow rose by 36.5 percent year-on-year (YoY) to $33.76 billion in the first five months of 2026 (5M’26), from $24.72 billion in the corresponding period of 2025 (5M’25). The increase came amid ongoing efforts by the Central Bank of Nigeria (CBN) to deepen the foreign exchange market, […]
We inherited net external reserve at $859m — CBN
By EmekaAnaeto, Babajide Komolafe & Emma Ujah The Central Bank of Nigeria (CBN) has revealed that the nation’s Net External Reserve had plunged to a mere $859 million as of the second quarter of 2023, a clear negative position unprecedented in the history of the bank, and also less than a month imports bill. The […]
NIBSS National Payment Stack hits 100m transactions, deepens financial inclusion
Nigeria’s foremost payment infrastructureprovider, the Nigeria Inter-Bank Settlement System (NIBSS) PLC, has announced that its National Payment Stack (NPS) surpassed 100 million successful transactions lastFriday, marking a major milestone in Nigeria’s paymentsmodernisation journey. Built on full compliance with the ISO 20022 global messaging standard, the NPSprovides a unified, future-ready foundation for seamless, data-rich and securepayments. […]
GTCO records N603bn profit, proposes N1 dividend
By Peter Egwuatu Guaranty Trust Holding Company Plc , GTCO has recorded Group profit before tax, PBT of N603.03 billion, in the first half 2026,H1’26, driven by strong performance on the interest and trading income lines, which grew Year on Year, YoY by 7.5% and 24.7%, respectively. The strong earnings recorded were moderated by a […]
