New data from the Central Bank of Nigeria (CBN) indicates a significant increase of N17.4 trillion in federal government borrowing, which raises concerns about the growing public sector debt and the potential impact on private sector credit availability.

The naira experienced its most significant daily decline since April, closing at N1,389 per dollar in the official foreign exchange market on June 24, 2026, according to Nairametrics.

According to the Central Bank of Nigeria's monthly economic report for February 2026, net foreign exchange inflow into the economy decreased by 24 percent month-on-month, falling to $6.92 billion from $9.22 billion in January. The report indicated that this decline was driven by various factors, although specific reasons were not detailed in the blurb.

According to Punch, Nigeria's top banks raised their technology budgets by 43% in the first quarter of 2026, investing N119 billion in digital infrastructure. This increase aims to enhance services and address the growing demand for digital transactions.

On June 24, 2026, the Nigerian equities market experienced its largest single-day decline of the year, with a loss of N3.64 trillion in investor wealth. This drop was primarily driven by profit-taking in major cement and power stocks, including BUA Cement, Dangote Cement, and Geregu, which overshadowed the previous days' buying momentum and halted the market's recovery efforts.

The Central Bank of Nigeria (CBN) has issued a warning against the abuse of the naira, citing rising costs and a reduced lifespan of the currency. Additionally, the CBN introduced the Naira Ambassadors Club aimed at students to promote awareness and responsible handling of the naira.