Central Bank Bank of Nigeria (CBN

Cash Outside Banks Hits N4.92trn, Second Monthly Rise

By Samuel Akpan Nigerians continued to hold more physical cash beyond the banking system as currency outside banks jumped N48.73 billion to N4.92...

CBN Grants JP Morgan Approval for Nigeria Merchant Bank

By Samuel Akpan The Central Bank of Nigeria (CBN) has given JP Morgan approval-in-principle to set up a merchant bank, underscoring rising global...

CBN Warns Against Rejecting Standard N100 Banknote

By Samuel Akpan The Central Bank of Nigeria (CBN) has cautioned Nigerians against rejecting the standard N100 banknote, declaring it legal tender and...

Nigeria’s BOP Surplus Drops to $2.38bln in Q1 2026

By Samuel Akpan Nigeria posted a balance of payments surplus of $2.38 billion in the first quarter of 2026, lower than the $2.67...

CBN Recapitalisation: 30 Banks Hit Full Compliance as Deadline Looms

The Central Bank of Nigeria has officially confirmed that 30 commercial lenders have now satisfied the elevated minimum capital thresholds first introduced in...

Public Advisory: CBN Flags Zuldal Microfinance Bank as Unlicensed

The Central Bank of Nigeria (CBN) has issued a warning to the public about Zuldal Microfinance Bank (MFB) Limited, clarifying the institution is...

Nigeria’s Central Bank Holds Interest Rate Steady at 27.50%

The Central Bank of Nigeria (CBN) has decided to hold all parameters steady, keeping the Monetary Policy Rate (MPR) at 27.50%, following a...

Nigeria’s debt stock surges by 24.99 percent to N121.67trn in March 2024 – DMO

The Debt Management Office (DMO) has disclosed that Nigeria’s total public debt stock has increased by 24.99 percent to N121.67 trillion (approximately $91.46...

Nigeria’s economy moving in right direction, says Finance Minister Edun

Nigerians are already benefiting from the economic reforms of President Bola Tinubu’s economic team, Minister of Finance Wale Edun has said. The Minister...

Senate confirms Cardoso as CBN gov., four others as deputy governors

The Senate has confirmed the appointment of Dr. Yemi Cardoso as the Central Bank of Nigeria (CBN) Governor and four others as deputy...

Boardroom politics: CBN sacks First Bank Board of Directors, reinstates Adeduntan as MD

The Central Bank of Nigeria (CBN) on Thursday dissolved the board of First Bank of Nigeria Ltd and First Bank of Nigeria Holdings...

Commercial banks to get cash reserves back from CBN, as Nigeria attempts to expand real sector credit growth

i Nigeria’s regulatory bank, Central Bank Bank of Nigeria (CBN) says it will refund, in 100 percent, commercial banks’ total deposits kept as...