CBN
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Business
Naira further gains N12.50 at official market
The Naira on Thursday further appreciated at the official market trading at N1,359.31 against the US dollar. According to data…
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Business
Court voids CBN decision to sack Union Bank board
A Federal High Court sitting in Lagos has delivered a landmark judgment by nullifying the decision of the Central Bank…
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Business
FG debt service drops 38.5% to $405.3m in January 2026
The Federal Government’s spending on debt service declined by 38.5 percent year-on-year to $405.3 million in January 2026, down from…
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Politics
CBN upgrades OPay and Moniepoint to national licenses
The Central Bank of Nigeria (CBN) has officially upgraded the operating licenses of several leading financial technology firms and microfinance…
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Business
CBN urges balance between cash and digital payments to protect financial inclusion
The Central Bank of Nigeria (CBN) has called for a balanced approach between cash and digital payments to ensure rural…
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Nigerian News
Naira gains at parallel market, weakens at official window
The naira appreciated to N1,488 per dollar at the parallel market on Wednesday, improving from N1,490 per dollar recorded on…
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Business
NCC, CBN set to roll out refund plans for failed airtime, data transactions
The Nigerian Communications Commission, NCC, and the Central Bank of Nigeria, CBN, have drawn up a framework to address consumer…
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Business
NCC and CBN to launch refund framework for failed top-ups
The Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) have developed a comprehensive framework to resolve the…
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Business
19 banks beat CBN capital deadline early
At least nineteen Nigerian banks have successfully met the Central Bank of Nigeria (CBN) recapitalization requirements well ahead of the…
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Business
CBN revokes operating licences of Aso Savings, Union Homes
The Central Bank of Nigeria, CBN, has revoked the operating licences of Aso Savings and Loans Plc and Union Homes…
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Business
CBN to launch new short code for customer complaints
The Central Bank of Nigeria (CBN) has announced that it is collaborating with the Nigerian Communications Commission (NCC) to develop…
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Politics
Leaders treat public office as family affair – Sanusi
The Emir of Kano and former Governor of the Central Bank of Nigeria (CBN), Muhammadu Sanusi Lamido, has leveled a…
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Business
CBN reduces number of licensed BDCs to 82 under revised guidelines
The Central Bank of Nigeria (CBN) has granted final licenses to 82 Bureaux De Change (BDCs) to operate with effect…
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Business
CBN scraps deposit limits, raises weekly cash withdrawal to N500,000
The Central Bank of Nigeria, CBN, has abolished limits on cash deposits and raised the weekly cash withdrawal threshold across…
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Business
CBN scraps cash deposit limits and raises withdrawal cap
The Central Bank of Nigeria (CBN) has announced major revisions to its cash-related policies, effective January 1, 2026. The central…
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Business
CBN explains why it stopped direct interventions for different programs
The Central Bank of Nigeria (CBN) explains why it stopped direct interventions for different programs, says it has recovered about…
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Business
Hope on the horizon as IMF acknowledges Nigeria’s economic reforms
At the recently concluded annual meetings of the IMF/World Bank Group in Washington, D.C., U.S., global stakeholders acknowledged the positive…
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Business
Nigeria’s trade surplus climbed to 6% – Cardoso
The Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso, says Nigeria’s trade surplus has climbed to six per…
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Nigerian News
Emefiele: Court admits WhatsApp conversation in alleged $4.5bn fraud
An Ikeja Special Offences Court on Thursday admitted into evidence the WhatsApp conversation indicting the former Governor of the Central…
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Business
‘No more dirty money’, CBN vows to release fresh, clean notes
The Central Bank of Nigeria, CBN, has reaffirmed its commitment to ensuring the availability of clean currency notes with the…
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Business
Providus Bank and Unity Bank merger gets shareholder approval
In a move that marks a major shift in Nigeria’s banking industry, Providus Bank and Unity Bank have secured shareholder…
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Business
CBN maintains lending rate at 27.5%
Central Bank of Nigeria, CBN, has, once again, kept its key lending rate, known as the Monetary Policy Rate, MPR,…
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Business
No hidden charges for Non-Resident Bank Verification Number, CBN clarifies
Central Bank of Nigeria, CBN, has clarified recent speculations regarding charges related to the newly launched Non-Resident Bank Verification Number,…
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Nigerian News
Alleged property fraud: Abuja court admits Emefiele to N2bn bail
Justice Yusuf Halilu of a FCT High Court FCT on Monday admitted the former Governor of Central Bank of Nigeria,…
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Business
CBN rolls out powerful new standards to boost fight against money laundering with real-time tech
The Central Bank of Nigeria (CBN) has introduced a draft policy aimed at making banks and financial institutions faster and…
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Business
CBN Governor Cardoso declares Nigerian economy stable, says investor confidence rising
Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), has declared that the Nigerian economy is experiencing growing stability,…
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Business
CBN holds interest rate at 27.5% as inflation eases to 23.7%, says Cardoso
The Central Bank of Nigeria (CBN) has maintained the Monetary Policy Rate (MPR) at 27.50%, citing a modest decline in…
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Business
Nigeria’s banking sector stable, CBN reassures
The Central Bank of Nigeria, CBN, has reassured the public, depositors, and stakeholders that the Nigerian banking sector remains resilient,…
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Business
CBN unveils BVN platform for diaspora Nigerians, to expand financial access
The Central Bank of Nigeria, CBN, in collaboration with the Nigeria Inter-Bank Settlement System, NIBSS, on Tuesday officially inaugurated the…
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Business
Naira tumbles again, falls to N1,605 at official rate, N1,610 on black market
The naira began the week on a negative note, slipping further against the US dollar at both the official and…
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Business
Cardoso reaffirms CBN’s commitment to monetary reforms
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, on Friday, engaged in a thought-provoking conversation with Nobel Prize-winning…
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Nigerian News
CBN announces Nigeria’s economic resurgence, declares $6.83bn balance of payments surplus
The Central Bank of Nigeria, CBN, has announced a Balance of Payments, BOP, surplus of 6.83 billion dollars for the…
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Business
CBN injects $197.71 million to stabilize FX market amid U.S. tariff shock
The Central Bank of Nigeria (CBN) has injected $197.71 million into the foreign exchange market to enhance liquidity and stabilize…
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Business
CBN denies circulating fake circular on N5,000, N10,000 banknotes
The Central Bank of Nigeria (CBN) has refuted claims that it is introducing N5,000 and N10,000 banknotes, dismissing a widely…
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Business
Reps asks CBN to suspend increase in ATM withdrawal charges
The House of Representatives has urged the Central Bank of Nigeria, CBN, to suspend its directive increasing ATM withdrawal charges.…
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Nigerian News
Court orders final forfeiture of $1.4m linked to ex-CBN Gov. Emefiele
Justice Ayokunle Faji of the Federal High Court, Ikoyi, Lagos, on Thursday, March 6, 2025, ordered the final forfeiture of…
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Business
Akpabio: Less than 30% of Nigerians pay tax, yet all demand infrastructure
The Senate President, Godswill Akpabio, on Monday said not up to 30 percent of Nigerians pay tax to the government…
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Business
CBN defends new ATM withdrawal charges, says policy benefits banks and customers
The Central Bank of Nigeria (CBN) has justified its new policy imposing charges on cash withdrawals from Automated Teller Machines…
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Business
CBN introduces N100 fee for ATM withdrawals
The Central Bank of Nigeria, CBN, says it has eliminated the three free monthly withdrawals transaction fees for customers using…
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Business
CBN introduces new FX sales to BDCs
The Central Bank of Nigeria, CBN, has issued new guidelines restricting Bureau de Change, BDC, operators to purchasing foreign exchange…
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