The Central Bank of Nigeria (CBN) has cautioned state governments against excessive reliance on overdrafts and short-term borrowing, warning that weak fiscal discipline at the sub-national level could undermine Nigeria’s
The Central Bank of Nigeria (CBN) has proposed a new charge of N1,500 for the issuance and replacement of ATM debit cards, marking a 50 per cent increase from the
The Central Bank of Nigeria has dismissed a widely circulated image of a proposed N5,000 banknote as false, warning Nigerians against spreading or believing unverified currency-related information. In a brief
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
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 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’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
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
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
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
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