The Central Bank of Nigeria (CBN), acting on behalf of the Debt Management Office (DMO), has scheduled its first Nigerian Treasury Bills (NTB) auction for August, offering a total of N700 billion across three maturities as part of its ongoing liquidity management strategy. According to the apex bank’s invitation to tender, the auction will be conducted through the Dutch auction system, with N100 billion offered in the 91-day bill, N100 billion in the 182-day bill, and N500 billion in the 364-day tenor, underscoring the continued emphasis on longer-dated securities. The auction is expected to attract strong interest from institutional investors,…
Author: Abdoulaye Kay
Nigeria’s financial system is becoming increasingly liquid, supported by stronger foreign exchange inflows and an expanding money supply. Yet the additional liquidity is not translating into stronger lending to businesses, raising questions about the effectiveness of monetary policy in stimulating investment and economic activity. The latest Monetary and Credit Statistics published by the Central Bank of Nigeria (CBN) for May 2026 paint a picture of an economy where liquidity conditions are improving, but businesses remain reluctant to borrow, while banks continue to exercise caution in extending new credit. Analysis of the CBN data by the Financial Markets Dealers Association (FMDA)…
The Central Bank of Nigeria (CBN) withdrew N7.18 trillion from the financial system through Open Market Operations (OMO) auctions in July 2026, marking a 48.6 per cent decline from the N13.96 trillion sterilised in June, as the apex bank quietly adjusted its liquidity management strategy. The reduction was driven largely by a drop in the number of OMO auctions conducted during the month. While the CBN held seven auctions in June, it carried out only three in July, although the size of individual auctions increased significantly. Analysts say the development points to a shift in the CBN’s operating approach rather…
The Federal University of Technology, Akure (FUTA), through its School of Computing, in collaboration with Cardiff Metropolitan University, United Kingdom, and with the support of the British Council, hosted the HerHCAI 2026 Capacity Building Workshop, a programme designed to empower women through human-centered Artificial Intelligence (AI) for gender equity and sustainable development, on July 29 and 30, 2026. The workshop, themed “Empowering Women through Human-Centered AI for Gender Equity and Sustainable Development,” explored the transformative role of Artificial Intelligence in promoting inclusive innovation, gender equity, and sustainable development. Speaking in her capacity as Chairperson of the workshop, Professor Olutayo Boyinbode…
The Nigerian naira strengthened against the euro, closing at N1,552 per euro, as the Central Bank of Nigeria’s (CBN) tight monetary policy continued to underpin stability in the foreign exchange market despite lingering global uncertainties. Market data showed the local currency appreciated against the European single currency following sustained interventions by the apex bank and improved foreign exchange liquidity in the official market. The development comes as the CBN maintains elevated interest rates to curb inflation and attract foreign portfolio investments. Analysts said the combination of high domestic yields, stronger foreign reserves and disciplined monetary policy has helped improve investor…
The naira strengthened against the US dollar in the parallel foreign exchange market on Tuesday, appreciating to N1,400 per dollar from N1,407 recorded the previous day. The latest movement represents an N7 gain for the local currency amid ongoing developments in Nigeria’s foreign exchange market. However, the naira moved in the opposite direction at the Nigerian Foreign Exchange Market (NFEM), where it weakened marginally to N1,365 per dollar from N1,364 on Monday, according to data from the Central Bank of Nigeria (CBN). The divergent movements narrowed the gap between the parallel and official exchange rates to N35 per dollar, compared…
Nigeria recorded a significant increase in foreign exchange (FX) inflows in 2025, with total inflows rising to $109.86 billion, according to the Central Bank of Nigeria (CBN). The figure represents a 13.81 per cent increase from the $96.53 billion recorded in 2024, highlighting stronger foreign exchange inflows into the economy. The CBN disclosed this in its 2025 Annual Report and Statement of Accounts, accessed from its website. The latest data points to a changing structure of Nigeria’s foreign exchange market, with autonomous sources increasingly becoming the dominant channel for FX inflows and contributing significantly to overall foreign exchange liquidity. According…
The Central Bank of Nigeria (CBN) imposed N430 million in penalties on financial institutions in 2025 over delays in resolving customer complaints and failure to comply with regulatory directives. The sanctions, contained in the CBN’s 2025 Annual Report, involved 21 separate penalties issued to financial institutions for infractions ranging from delayed resolution of customer complaints to non-compliance with directives from the apex bank. The latest enforcement underscores the CBN’s tougher stance on consumer protection and its growing scrutiny of how banks and other financial institutions respond to customers. The regulatory crackdown came amid a rise in complaints filed by users…
The amount of physical cash held outside Nigeria’s banking system fell by N485.80 billion in the first six months of 2026, reaching its lowest level in seven months, fresh data from the Central Bank of Nigeria (CBN) has shown. According to the latest Money and Credit Statistics released by the apex bank and analysed by Nairametrics, currency outside banks dropped from N5.41 trillion in December 2025 to N4.92 trillion in June 2026. The decline represents an 8.98 per cent reduction over the six months, with the June figure marking the lowest level since November 2025, when cash outside banks stood…
The appellate court cited the Federal High Court’s lack of jurisdiction to entertain the suit; and that the suit was incompetent and could not support the orders made by the lower court