Nigeria’s Balance of Payment falls 38% to $4.23bn in 2025
…Crude oil exports decline 14.41% to $31.54bn…Foreign portfolio investments down 48.3% to $8.04…Current account surplus falls 26%By Babajide Komolafe, Economy Editor and Elizabeth Adegbesan Nigeria’s external sector faced significant headwinds in 2025, as the country’s overall Balance of Payments (BOP) surplus plummeted by 38.1 per cent to $4.23 billion, down from the $6.83 billion recorded […]
NCC, CBN set to roll out refund framework for failed airtime, data transactions
The Nigerian Communications Commission, NCC, and the Central Bank of Nigeria, CBN, have drawn up a framework to address consumer complaints arising from unsuccessful airtime and data transactions during network downtimes, system glitches, or human input errors.
CBN projects 4.49% economic growth, $51bn external reserves for 2026
The Central Bank of Nigeria, CBN, has projected a stronger macroeconomic outlook for the country in 2026, forecasting a 4.49 per cent growth in Gross Domestic Product, GDP, a moderation in inflation to about 12.4 per cent, and a rise in external reserves to $51.04 billion, amid sustained reforms, improved oil sector performance and easing monetary conditions.
SMEDAN seeks CBN licence for microfinance bank as FG targets 1m more firms
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) is seeking a licence from the Central Bank of Nigeria (CBN) to operate a microfinance bank, allowing it to directly disburse and monitor funds meant for small businesses, as well as attract more international development finance.
CBN revokes Aso Savings, Union Homes Licences
The Central Bank of Nigeria (CBN) has revoked the operating licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc.
CBN’s FX reforms open new opportunities for growth, non-oil exports
The ongoing drop oil-prices is being cushioned by the Central Bank of Nigeria CBN’s) flexible foreign exchange (FX) regime, rising non-oil exports, and growing services trade.
