BREAKING
CBN holds rate at 27.5% Lagos-Calabar coastal highway phase 2 awarded Naira firms to ₦1,420/$ on increased FX inflows INEC sets February date for off-cycle polls CBN holds rate at 27.5% Lagos-Calabar coastal highway phase 2 awarded Naira firms to ₦1,420/$ on increased FX inflows INEC sets February date for off-cycle polls
12:02 PM
πŸ“ˆ Market Pulse
USD/NGN: ₦1,485.50 β–² +0.42%
GBP/NGN: ₦1,920.00 β–Ό -0.18%
EUR/NGN: ₦1,610.25 β–² +0.12%
Brent Crude: $82.40/bbl β–² +1.15%
NGX ASI: 104,250.80 β–² +0.68%
MPR: 27.50% (Unchanged)
πŸ›οΈ Central Bank of Nigeria Central Bank of Nigeria and Banking Reserves
Monetary Policy & Banking

CBN Mandates Commercial Banks to Strengthen Capital Adequacy as FX Reserves Cross $39 Billion

The Central Bank has issued updated liquidity guidelines to commercial lenders following sustained stabilization of the naira in the official NAFEM window and renewed diaspora capital inflows.

πŸ“ˆ Comprehensive Business Coverage

Real-time market updates & enterprise analysis
NGX Stock Exchange Trading
πŸ“ˆ NGX Exchange β€’ 40m ago

Nigerian Exchange All-Share Index Crosses Historic 105,000 Milestone on Banking Rally

Bullish momentum in Tier-1 banking tickers and industrial conglomerates pushed market capitalization above ₦60 trillion in yesterday's trading session.

Diaspora Foreign Exchange Remittances
πŸ›οΈ Nairametrics β€’ 1h ago

Diaspora Remittances Surge to $2.1 Billion as NIBSS Automates Direct FX Credit Settlement

The Central Bank's non-resident account liberalization and competitive remittance margins spur higher formal inflows into Nigeria's banking system.

AfCFTA Trade and Logistics
🌐 BusinessDay β€’ 2h ago

AfCFTA Trade Secretariat Accelerates Digital Rules of Origin for West African Exporters

Nigerian non-oil manufacturers gain expedited cargo corridors to Ghana and CΓ΄te d'Ivoire under the consolidated AfCFTA guided trade initiative.

Fintech and Instant Payment Rails
⚑ TechCabal β€’ 3h ago

Payment Processing Volume Hits Record ₦48 Trillion Across Nigerian Fintech Switch Platforms

Interbank instant payment rails report 38% year-on-year growth driven by merchant contactless adoption, agency banking networks, and QR code payments.

Agricultural Commodities Storage
🌾 The Guardian β€’ 4h ago

AFEX Commodities Exchange Reports 24% Rebound in Cocoa and Maize Storage Receipts

Dry season harvest aggregation and collateral management agreements provide hedge instruments for agro-processors and grain commodities traders in northern hubs.

Air Cargo Logistics MMIA
✈️ Premium Times β€’ 5h ago

Bilateral Air Services Agreement Boosts Cargo Flights at Lagos and Abuja International Hubs

Designated international freighter operations receive 24-hour bonded clearance at MMIA cargo terminals, accelerating perishable horticultural exports to Europe.