#Central Bank

As of July 2, Kenya's foreign exchange reserves stood at USD 14.047 billion, which is sufficient to cover six months of imports. This amount exceeds the statutory minimum requirement set by the Central Bank of Kenya (CBK). The information was detailed in the CBK's latest Weekly Bulletin released on July 3, indicating that the reserves provide a strong buffer against external economic pressures.

The Central Bank of Nigeria (CBN) has announced that the Federal Government (FG) plans to raise N5.8 trillion through Treasury Bills in the third quarter of 2026, marking a 241 percent increase compared to N1.76 trillion sold in the same period in 2025. This increase is part of the government's borrowing strategy for the 2026 budget, according to Vanguard Business.

The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks (MFBs) due to their failure to meet the necessary conditions for operating as licensed financial institutions. This decision reflects the CBN's regulatory oversight in the financial sector.

The Nigerian naira has depreciated by at least N9 against the United States dollar at the Central Bank of Nigeria's official foreign exchange window, according to Tribune Online.

The government has withdrawn a proposal that would have permitted borrowing from the Central Bank during emergencies. This decision follows opposition from both parliament and experts, who raised concerns about potential risks to fiscal discipline and the independence of monetary policy.

The Central Bank of Kenya (CBK) has secured Sh29.2 billion from a tap sale of Treasury bonds in June, contributing to a total of Sh31 billion in bids as the government approaches the end of its domestic borrowing program for the 2025/26 financial year. This move comes amid increasing funding pressures.

Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso, has inaugurated the CBN Naira Ambassadors Club, which aims to encourage young Nigerians, particularly secondary school students, to respect and properly handle the Naira. The initiative seeks to promote currency protection among the youth, according to Vanguard Business.

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.