Central Bank of Nigeria
1 articleThe Central Bank of Nigeria is Nigeria's central bank and the authority responsible for naira monetary policy and currency management. It issues naira banknotes and coins, manages reserves, supervises banks, regulates payment systems and provides lender-of-last-resort support. Its remit includes central-bank settlement services and financial-stability functions, but the institution is not the NGN monetary unit itself. Currency design, policy and regulation should be separated from Nigeria's broader fiscal administration.
Nigerian Naira outlook brightens as oil revenues and high yields fuel gains
Goldman Sachs has raised its forecasts for the Nigerian Naira, pointing to strong oil receipts, elevated local yields, and persistent undervaluation as the main drivers of further appreciation against the US dollar over the coming year.