CBN Crashes Interest Rate by 350bps to 23%, Market Expects Cheaper Credit
Central Bank of Nigeria (CBN) yesterday slashed the Monetary Policy Rate (MPR), the benchmark interest rate, by 350 basis points…
Tag: CBN
In New Policy Tweak, CBN Removes Discount Window Restrictions on FX, Government Securities Transactions
Central Bank of Nigeria (CBN), yesterday, announced the removal of restrictions preventing financial institutions that accessed its Standing Lending Facility…
CBN Warns Against Rejection of Standard N100 Banknotes
Bukola Afeni The Central Bank of Nigeria (CBN) has reaffirmed that the standard N100 banknote remains legal tender, warning individuals…
In New Regulatory Masterstroke, CBN Orders Banks, Fintechs to Disclose Beneficial Owners, Localise Payments Data by 2027
Central Bank of Nigeria (CBN) has ordered banks, fintechs, and other payment service providers to disclose their ultimate beneficial owners,…
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…
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…