As CBN Opens Official FX Market to BDCs, Dollar Crashes to N1,348/$
The Naira strengthened to N1,348 against the US dollar on the Nigerian Foreign Exchange Market (NFEM) yesterday, indicating a 14-month…
Tag: CBN
CBN Urges Banks to Ensure Fraud Reduction, Enforce 30-minute Response Rule
The Central Bank of Nigeria (CBN) has challenged banks and payment service providers to commit to measurable reductions in electronic…
Subscription to T-Bills Tops N1.5trn at First 2026 Auctions on Massive Demand
Investors’ appetite remained strong at the Central Bank of Nigeria’s (CBN) first Treasury bills auction of 2026, with subscriptions rising…
CBN Warns Public: Zuldal Microfinance Bank Not Licensed
Yemi Obafemi The Central Bank of Nigeria (CBN) has issued a formal disclaimer warning the public about an entity operating…
Cardoso: Economy Belongs to All, Reform Gains Must Be Protected
Governor of Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, yesterday, declared that nobody had a monopoly of the economy,…
SDF: Banks Deposit with CBN Reached Record High of N64.55trn in October
Signalling significant excess liquidity in the financial system, banks’ deposits with the Central Bank of Nigeria (CBN) grew to N64.55…
Cardoso Woos Investors as FX Turnover Hits $8.6bn, Anticipates Current Account Surplus to Exceed $20bn
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reassured investors of Nigeria’s improving macroeconomic stability, just…
Citi Increases Capital in Nigeria, Meets CBN’s N200bn Requirement
Citibank Nigeria Limited (Citi) has announced that it has successfully met the Central Bank of Nigeria’s (CBN) new N200 billion…
Monetary Easing Begins as CBN Cuts MPR to 27%, Cites GDP Growth, Falling Inflation
The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC), yesterday, kick-started monetary easing with a cut in the Monetary…
Recapitalisation: With 200 Days to Deadline, Banks Intensify Efforts to Scale Hurdle
With just 200 days left before the Central Bank of Nigeria’s (CBN) March 31, 2026 recapitalisation deadline, Nigerian banks…