PARIS OLYMPIC GAMES
Central Bank of Nigeria (CBN)
Nigeria Achieves $6.83bln Balance of Payments Surplus in 2024
Nigeria’s economy has seen a significant turnaround, with the Central Bank of Nigeria (CBN) announcing a Balance of Payments (BOP) surplus of $6.83...
CBN Raises Alarm Over Illicit Naira Transactions, Urges Strict Measures
The Central Bank of Nigeria (CBN) has expressed concerns over the growing trend of illicit transactions involving banknotes, warning that this practice threatens...
Updated: Supreme Court intervenes in Rivers political crisis, orders Amaewhule-led lawmakers to resume sitting
The Supreme Court has ordered the Martins Amaewhule-led faction of the Rivers State House of Assembly and other elected members to resume legislative...
Nigeria’s Net Domestic Credit Declines to N99.41trb in January 2025 – CBN
Nigeria’s net domestic credit has witnessed a significant decline, dropping to N99.41 trillion in January 2025. This represents a contraction of N16.17 trillion...
CBN Gov. Cardoso Reaffirms Commitment to Digitalization, Financial Inclusion
The Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, has reiterated the apex bank’s commitment to leveraging digitalization and technology-driven...
Just in: CBN Introduces New ATM Transaction Fees Effective March 1
The Central Bank of Nigeria (CBN) has announced a review of transaction fees for automated teller machines (ATMs), with revised charges set to...
Naira Firms Up at N1,520/$ on Parallel Market Amidst Strengthening Fundamentals
The Nigerian naira has reached its strongest level in the unofficial market this year, trading at N1,520 to the US dollar in the...
CBN Reschedules Monetary Policy Committee Meeting for February 18-19
The Central Bank of Nigeria (CBN) has announced a new date for the 299th Monetary Policy Committee (MPC) meeting, which was initially scheduled...
Nigerian Treasury Bills Auction Shatters Records with 283.42% oversubscription
The Central Bank of Nigeria (CBN) has announced a staggering 283.42 percent oversubscription of the 364-day Treasury Bills auction, which took place on...
Contentious tax reform bill before NASS has come to stay, says Pres. Tinubu
The controversial tax reform bill has come to stay, so declared President Bola Tinubu on Monday night while fieding questions from editors during...
CBN Sets Daily POS Transaction Cap at N100,000 for Agents
The Central Bank of Nigeria (CBN) has introduced a new policy aimed at promoting a cashless economy and enhancing the security and accountability...
Illicit mint naira sale: CBN slaps N150m fine on erring banks
The Central Bank of Nigeria (CBN) has introduced a strict measure to combat the illicit trade of new naira notes, imposing a hefty...
Amid High Inflation Rate, IMF Pledges Support for Nigeria’s Economic Reforms
International Monetary Fund (IMF) President Kristalina Georgieva and her team met with President Bola Tinubu in Rio de Janeiro on Wednesday, reaffirming the...
For the umpteenth time, CBN raises interest rate by 50 basis points to 27.25%
For the fifth time, the Central Bank of Nigeria (CBN) has announced another increase in its Monetary Policy Rate (MPR), raising it to...
CBN Reintroduces Cybersecurity Levy
After it was rejected in May by Nigerians, the Central Bank of Nigeria (CBN) is to reintroduce the Cybersecurity Levy on electronic transactions....
CBN directs payment service providers to begin PoS transaction tracking
The Central Bank of Nigeria (CBN) has released a new directive to Payment Service Providers (PSPs), requiring them to comply with enhanced routing...
