BY SAM OTUONYE The Central Bank of Nigeria (CBN) and the Nigeria Inter-Bank Settlement System (NIBSS) have launched the Non-Resident Bank Verification Number (NRBVN)… Read More »CBN, NIBSS launch non-resident BVN for Nigerian diaspora
BY SAM OTUONYE The Central Bank of Nigeria (CBN) has announced its forthcoming monetary policy committee (MPC) meeting. In a notice on Tuesday, the… Read More »CBN holds MPC meeting May 19
BY SAM OTUONYE The World Bank has said that, if the Central Bank of Nigeria (CBN) maintains its current tight monetary stance,… Read More »Nigeria inflation may decline to 22% average if CBN holds tight monetary policy- World Bank
BY EMMANUEL OLUTOKUN The Central Bank of Nigeria (CBN) has warned Nigerians against engaging with individuals and groups peddling fictitious contracts, loans, and financial… Read More »CBN alerts public over fake contracts, grants fraudsters
STORIES BY SAM OTUONYE The Socio-Economic Rights and Accountability Project (SERAP) has called on the Central Bank of Nigeria (CBN) to disclose whether it has… Read More »Federation Account: Disclose amounts disbursed to 774 LGAs, SERAP urges CBN
BY AKUDORO GLORIA and Emmanuel Olukotun The House of Representatives has commenced an investigation into the N200 billion National Mass Metering Programme (NMMP), initiated in… Read More »Reps investigate CBN’s N200bn metering programme
BY SAM OTUONYE Government deposits with the Central Bank of Nigeria (CBN) have soared by 46.9 percent year-on-year (YoY), hitting N24.9 trillion in 2024 from N16.94… Read More »Government deposits with CBN hits N24.9trn – Apex Bank
BY SAM OTUONYE Nigeria’s external reserves witnessed a rise by $2.2 billion according to the Central Bank of Nigeria (CBN) 2024 financial results, indicating… Read More »Nigeria’s external reserves surge by $2.2bn as CBN releases 2024 financial report
The Central Bank of Nigeria (CBN) has introduced major changes to the documentation requirements for transactions conducted through the Pan-African Payment and Settlement System… Read More »AfCFTA: CBN examines Nigeria’s PAPSS transaction criteria
By Ibrahim Modibbo Since his appointment as the Governor of the Central Bank of Nigeria, on October 5, 2023, Olayemi Cardoso has continued to… Read More »CBN under Cardoso, $6.83 Billion balance of payments surplus in 2024, signs economic resurgence
The Central Bank of Nigeria has issued a warning to financial institutions and licensed Bureau De Change Operators about breaking its anti-money laundering and counter-terrorism… Read More »CBN warns BDCs, banks to tighten compliance on anti-money laundering, counter-terrorism regulations
The Central Bank of Nigeria (CBN) has strongly refuted online claims that it had introduced ₦5,000 and ₦10,000 banknotes to ease cash transactions. The top… Read More »CBN Rejects Report Regarding ₦5,000, ₦10,000 Banknotes’ Introduction
BY SAM OTUONYE and CHARLES OLEWEZI A former Senior Special Assistant to President Mohammadu Buhari on National Assembly Matters, Senator Ita Enang, has accused… Read More »Lack of budgetary spendings by CBN, NDIC, others, causing inflation in Nigeria –Sen. Enang
The Central Bank of Nigeria (CBN) has appointed 16 new directors, a major leadership shift that will influence banking supervision, monetary policy, fintech regulation,… Read More »CBN Appoints 16 directors To shape Nigeria’s financial future
BY SAM OTUONYE The Central Bank of Nigeria, (CBN) has said that its decision to increase charges on cash withdrawals from ATM of other banks was… Read More »CBN justifies hike in ATM withdrawal charges
The final forfeiture of $4.7 million, N830 million, and other assets connected to the troubled former governor of the Central Bank of Nigeria, Godwin Emefiele,… Read More »$4.7 million, N830 million, properties connected to former CBN Governor Emefiele are finally forfeited by court
BY SAM OTUONYE Central bank of Nigeria (CBN) has retained its benchmark interest rate at 27.50%, opting for stability after the rebasing of the consumer price index… Read More »CBN retains 27.5% interest rate after CPI rebasing
BY SAM OTUONYE Nigeria’s banking regulator has issued a sweeping directive mandating commercial banks to comply with stricter insider lending limits or risk regulatory… Read More »CBN orders banks to regularise insider loans within 180 days