Central Bank
4 LAS News stories tagged “Central Bank”, newest first. Every story links its sources.
Nigeria’s Financial Sector Over Half Ready for Data Localisation by 2027
The Central Bank of Nigeria (CBN) reports that more than 50% of the country’s financial institutions are prepared to meet data localisation rules, aiming for full compliance by January 2027. The move seeks to strengthen digital sovereignty while preserving innovation.
LAS News Desk · 29 Oct 2026, 08:45 WAT · 2 sources
Nigeria’s portfolio investment rises to $7.09bn in Q2 2026 while remittance inflows hit record $1.57bn
In the second quarter of 2026, Nigeria’s portfolio investment inflows grew 17.6% to $7.09 billion, and international money‑transfer receipts reached a record $1.57 billion, underscoring the importance of foreign capital and remittances to the economy.
LAS News Desk · 27 Oct 2026, 08:15 WAT · 2 sources
Naira falls to N1,361.84 per dollar as external reserves total $55.16bn
The naira weakened by N27.12 to N1,361.84 per US dollar over two days, despite Nigeria’s central bank reporting $55.16bn in external reserves, according to data released on 25 October 2026.
LAS News Desk · 25 Oct 2026, 12:15 WAT · 1 source
Nigeria's cash outside banks rises to N4.92tn in September as money supply expands
Physical cash held outside Nigeria's banking system rose to N4.92 trillion in September 2026, driven by a broader expansion in the country's money supply following a significant interest rate cut.
LAS News Desk · 26 Oct 2026, 15:46 WAT · 2 sources