CBN Responds to Court Ruling on Union Bank Board Dissolution
The Central Bank of Nigeria (CBN) has acknowledged a recent Federal High Court judgment that overturned its earlier decision to dissolve the board and management of Union Bank of Nigeria
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CBN governor Cardoso seeks stronger cross‑border financial cooperation
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has called on financial regulators across Africa to intensify collaboration to manage cross-border risks in an increasingly interconnected banking
Nigeria’s gas exports hit $10.5 billion in 2025, up 21% from 2024
Nigeria’s gas export earnings grew 21% in 2025, reaching $10.51 billion, up from $8.66 billion in 2024, according to the latest Balance of Payments (BOP) report from the Central Bank
Nigeria processed 11 billion instant payments in 2024 – CBN
Nigeria’s digital payments ecosystem continues to expand rapidly, processing billions of transactions each year, but a significant share of the population remains outside the formal financial system, according to a
CBN tightens BVN rules, introduces fraud watchlist for bank customers
The Central Bank of Nigeria has introduced new rules to strengthen fraud monitoring in the banking system, including the creation of a temporary watchlist for Bank Verification Numbers linked to
Banks get 18 months to launch anti-money laundering systems
The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to implement automated anti-money laundering (AML) systems capable of detecting suspicious financial transactions and strengthening compliance with
CBN Cuts Interest Rate to 26.5% as Inflation Slows
The Central Bank of Nigeria (CBN) has reduced its benchmark interest rate by 50 basis points to 26.5%, signalling growing confidence that inflationary pressures are easing and economic stability is
Bank Transfers: Senders to Bear ₦50 Stamp Duty on Eligible Transactions from January 1
The Federal Government has announced a change to the application of stamp duty on electronic bank transfers, with senders now required to pay the ₦50 levy on transactions of ₦10,000
CBN Introduces New Security Rules for Foreign Card Payments
New safeguards target high-value withdrawals and online payments as regulator moves to curb fraud and improve card access for tourists and diaspora Nigerians The Central Bank of Nigeria (CBN) has
CBN Moves to Clamp Down on Serial Dud Cheque Issuers With Renewable Five-Year Bans
The Central Bank of Nigeria (CBN) has proposed a sweeping overhaul of penalties for issuing dud cheques, introducing a renewable five-year ban for individuals who repeatedly violate cheque-issuance rules across
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