CBN: Foreign Exchange Inflows Rose 13.8% to Record $109.9 Billion in 2025 E-Payment transactions rose to N3.46 quadrillion in 2025
Nume Ekeghe The Central Bank of Nigeria (CBN)
said Nigeria’s foreign exchange inflows rose by 13.8 per cent to a record $109.86 billion in 2025, driven
E-Fraud losses declined 50.5% to N25.9bn
largely by stronger autonomous inflows from non-oil exports, capital importation, and over-the-counter
(OTC) purchases. According to the report, aggregate foreign exchange inflows into the
Cross-border payments on PAPSS surged to $143.4m
economy increased from $96.53 billion in 2024 to $109.86 billion in 2025, while aggregate outflows rose
by 27.83 per cent to $49.05 billion, Continued on page 8
Opposition Parties Knock Tinubu Over Worsening Insecurity, Poor Economy... Page 6
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Okonjo-Iweala: Economic Reforms Must Translate to Jobs, Tangible Benefits
Calls for protection of free speech to enhance accountability Cardoso: AI-ready workforce, others pillars of Africa’s growth
James Emejo in Abuja
Director General, World Trade Organisation (WTO), Dr. Ngozi
Okonjo-Iweala, yesterday declared that the country’s future economic success will be determined by the quality of its leadership rather
than its vast natural resources, stressing that economic reforms must translate to jobs and tangible benefits for the citizenry.
She spoke during a firechat with Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, at the 7th Africa Emerging
Markets Forum (EMF) in Abuja. Okonjo-Iweala added that good governance alone could account for about three-quarters of the
country’s success. This is as Cardoso said the Continued on page 8
Northern Senators Back President’s Military Expansion after Benue, Kaduna Killings
Condemn attacks that left over 40 dead, demand justice for victims Ex-army chief: Creation of new divisions step in right direction
Sunday Aborisade and Emma Okonji in Abuja The Northern Senators Forum (NSF) has thrown its weight behind President Bola Tinubu’s decision to expand the Nigerian Army with four additional divisions and recruit 28,000 personnel, describing the move as a timely response to Nigeria’s worsening security challenges following fresh killings in Benue and Kaduna states. The forum also strongly condemned the attacks in the two states, which claimed more than 40 lives, including women and children, and displaced several families, while urging the federal government to ensure the swift arrest and prosecution of those responsible. In a statement issued yesterday Continued on page 8
MAIDEN MEETING OF THE VIRTUAL ASSET COUNCIL...
L–R: Dr. Zacch Adedeji, Executive Chairman, Nigeria Revenue Service (NRS); Mr. Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN); Mrs. Hafsat Abubakar Bakari, the Chief Executive Officer of the Nigerian Financial Intelligence Unit (NFIU) and Mallam Nuhu Ribadu, the National Security Adviser (NSA) at the maiden meeting of the Virtual Asset Council (VAC) at the CBN Head Office yesterday, following the Executive Order by the President