Nigeria’s external reserves hit 17-year high of $50.12bn
Nigeria's external reserves reached $50.12 billion, their highest level in 17 years.
House committee recovers ₦521.8m VAT from CBN, chases ₦33bn more
A House committee recovers ₦521.8m VAT from CBN, pursues ₦33bn more.
CBN raises tuition fee limit to $25,000 for students abroad
CBN raises the maximum tuition remittance for Nigerian students abroad from $15,000 to $25,000 per semester.
Naira holds steady at ₦1,373 per dollar as forex inflows stabilise
The naira traded steadily at ₦1,373.25 per dollar on Tuesday as forex supplies remained stable.
The CBN’s N7.3 Trillion Drain: How Monetary Policy Became a Substitute for Economic Governance
The CBN drained N7.3 trillion in May while injecting only N5.73 trillion. This is not monetary policy. It is a sign that the central bank has abandoned stabilisation and become a substitute for economic governance that the government will not provide.
CBN chief warns against interventionist policy, backs orthodox approach
CBN Governor Olayemi Cardoso reaffirms commitment to orthodox monetary policy and warns against interventionist programmes.
Ten banks rake in N4.6tn interest income despite CBN rate cuts
Ten Nigerian banks earned N4.6 trillion in interest income in Q1 2026, up 8.2 per cent year-on-year.
Naira weakens as forex turnover plummets 47 percent in a week
The naira weakened against the dollar as forex market turnover fell 47 percent during the week.
Court stops eNaira Payment Solutions from claiming eNaira trademark ownership
Federal High Court bars eNaira Payment Solutions from claiming ownership of eNaira trademark.
CBN holds rates at 26.5% as foreign reserves near $50 billion
CBN holds interest rate at 26.5% as foreign reserves approach $50 billion mark.
NiMet, CBN sign deal to share weather data for economic planning
NiMet and CBN partner to use weather data for smarter economic forecasting and policy decisions.
CBN pushes financial literacy as essential skill for Nigerian students
CBN urges students to master money management as essential skill for navigating Nigeria's changing economy.
Senate confirms Yuguda as CBN deputy governor
Senate confirms Sule Yuguda as Central Bank of Nigeria deputy governor after presidential nomination.
CBN warns Nigerians against fraudulent messages, cyber attacks
CBN alerts Nigerians to fraudulent messages and cybersecurity hack attempts targeting financial accounts
CBN mandates mediation before borrowers and lenders go to court
The Central Bank of Nigeria introduces mandatory mediation for loan disputes before court action.
CBN Extends Deadline for BDC Operators’ Recapitalization to June 2025
The Central Bank of Nigeria (CBN) has extended the deadline for the recapitalization of Bureau De Change (BDC) operators by...
CBN Extends Suspension of Cash Deposit Processing Fees to March 2025
The Central Bank of Nigeria (CBN) has extended the suspension of processing fees on large cash deposits, allowing individuals and...
CBN Facilitates $600 Million Remittance via IMTOs in One Year – Cardoso
The Central Bank of Nigeria (CBN) facilitated the transfer of around $600 million through International Money Transfer Operators (IMTOs) over...
NCC Partners with CBN, SEC to Strengthen Nigeria’s Fintech Regulatory Framework
The Nigerian Communications Commission (NCC), in collaboration with the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission...
CBN Temporarily Withdraws 2024-2025 Monetary Policy Guidelines Amid Misinterpretation Concerns
The Central Bank of Nigeria (CBN) has temporarily withdrawn its Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for the...