Central Bank of Nigeria

Central Bank of Nigeria Governor Olayemi Cardoso has outlined a dual mandate for African economies: building robust financial institutions capable of financing industrial growth while simultaneously addressing climate imperatives and employment generation.

Pan-African payments firm Nairagram completed a N10 billion commercial paper issuance within 48 hours, while Nigeria recorded a $14 billion investment increase driven primarily by short-term portfolio flows rather than foreign direct investment.

Nigeria's banking sector attracted $16.78 billion in capital importation during the first nine months of 2025, with major lenders completing Central Bank-mandated recapitalization requirements, though ECOWAS investors contributed just 0.01% of total inflows.

Nigeria's headline inflation rate declined to 15.10% in January 2026 from 15.15% in December 2025, marking a modest deceleration driven by lower food, fuel, and cooking gas prices, according to the National Bureau of Statistics.

Nigeria's headline inflation declined marginally to 15.10% in January 2026 from 15.15% in December, while survey data reveals strong public pressure on the Central Bank to lower lending rates at next week's policy meeting.

January's unexpected decline in inflation has intensified pressure on the Central Bank of Nigeria to pivot toward monetary easing, though economists caution that structural vulnerabilities could complicate the policy shift.

Bureau De Change operators report inability to purchase dollars from commercial banks one week after Central Bank of Nigeria announced new foreign exchange guidelines, despite parallel market naira appreciation to N1,385 per dollar.

January's unexpected drop in inflation to 15.10% has ignited speculation about monetary policy easing, though economists remain divided on whether the Central Bank of Nigeria should act swiftly or maintain its cautious stance.

Nigeria's headline inflation declined marginally to 15.10% in January 2026 from 15.15% in December, while survey data reveals strong public support for monetary easing as the Central Bank prepares for its next policy decision.

Nigeria's central bank has introduced stringent penalties under its revised sanctions regime, targeting commercial banks that bypass accredited cheque printing standards in a move to strengthen payment system integrity.