Mrs. Hakama Sidi-Ali, the Acting Director of Corporate Communications at the Central Bank of Nigeria (CBN), has been honored with the 2026 National Spokespersons Award.

The Central Bank of Nigeria substantially boosted its foreign exchange interventions to $953 million in March 2026, responding to increased market demand and supporting liquidity.

The Central Bank of Nigeria (CBN) has reversed its seven-year restriction on local investors participating in Open Market Operations (OMO), now allowing all eligible investors, including individuals, corporates, and non-bank financial institutions, to purchase and trade securities.

The Central Bank of Nigeria has eased borrowing regulations for banks involved in foreign exchange and government securities, aiming to enhance liquidity management.

Treasury bill yields in Nigeria are easing as investors increase their demand for short-term government securities, anticipating the Central Bank of Nigeria's upcoming N700 billion auction.

The Central Bank of Nigeria (CBN) reported that credit for house purchases by households increased to 9.6 index points in Q2 2026, indicating a rise in Nigerians borrowing to buy homes.

The Central Bank of Nigeria (CBN) has cancelled a N700bn T-bills auction, citing a severe liquidity squeeze after it had previously mopped up N4.69tn from the banking system.

The Manufacturers Association of Nigeria (MAN) has called on the Central Bank of Nigeria (CBN) to reduce lending rates to below 20% to stimulate growth in the manufacturing sector and improve access to credit.

The Central Bank of Nigeria (CBN) reported that banks increased their credit supply during the second quarter, coinciding with a decline in loan defaults, particularly for corporate and secured loans.

The withdrawal of the Central Bank of Nigeria's COVID-19 regulatory forbearance has caused Nigerian banks' Non-Performing Loans (NPLs) ratio to rise to 9.94% in Q1 2026, significantly surpassing the CBN's limit.

Nigerian banks significantly increased funds placed with the Central Bank of Nigeria in July, indicating a sharp rise in excess liquidity within the financial system.

The Central Bank of Nigeria (CBN) is preparing to regulate the country's digital asset market, including cryptocurrencies and stablecoins, under a new framework designed to foster growth and protect consumers.

The value of Automated Teller Machine (ATM) transactions in Nigeria surged by 208.4 percent year-on-year, reaching N89.12 trillion in 2025, up from N29.12 trillion in 2024, according to the Central Bank of Nigeria.

Bank customers in Nigeria lodged 23,129 complaints against financial institutions in 2025, an 11% increase over the previous year, prompting the Central Bank of Nigeria (CBN) to order N19 billion in refunds and impose N1.69 billion in penalties for banks' breaches.

The Central Bank of Nigeria’s (CBN) decision to withdraw from direct intervention funding for manufacturers is criticized as ill-timed, exacerbating challenges for a sector already struggling with President Bola Tinubu’s economic adjustments.

A Nigerian Senate panel has questioned the Central Bank of Nigeria (CBN) on various monetary policies, including inflation, bank recapitalization, and foreign reserves. The CBN has also advised banks to prioritize governance over opening new accounts.

Nigeria's external reserves have surged by 58% to $52.73 billion under the leadership of Governor Cardoso, attributed to increased inflows and foreign exchange reforms. This significant rise was confirmed by the Central Bank of Nigeria.

Central Bank of Nigeria Governor Cardoso explained that the scarcity of lower Naira denominations is primarily driven by public demand within the payments ecosystem.

The Central Bank of Nigeria (CBN) has admitted to opening domiciliary accounts for the fictitious PFIPC, contradicting earlier claims, as Chief of Staff Gbajabiamila testifies in the ongoing scandal.

The Office of the Head of the Civil Service of the Federation (OHCSF) and the Central Bank of Nigeria (CBN) have distanced themselves from the establishment and operations of the alleged Presidential Foreign Investment Promotion Council (PFIPC), revealing inactive accounts.

Ahead of the Central Bank of Nigeria's (CBN) Monetary Policy Committee meeting, a majority of Nigerians are calling for interest rate cuts, while businesses and economists anticipate the CBN will hold rates at 26.5% due to global tensions.

The House of Representatives in Nigeria is investigating the Central Bank of Nigeria, NNPC, and other government agencies regarding N5.3 trillion in unpaid government revenues and alleged illegal deductions.

Nigeria's House of Representatives has launched an investigation into the Central Bank of Nigeria (CBN) and the Nigerian National Petroleum Company Limited (NNPCL) regarding an alleged N5.3 trillion in unremitted operating surplus, raising concerns about the nation's revenue performance.

Ahead of the Monetary Policy Committee's next meeting, economists and policy analysts in Nigeria are offering differing views on the Central Bank of Nigeria's potential interest rate move.

Sterling HoldCo has announced the appointment of two new directors to its board, following regulatory approval from the Central Bank of Nigeria (CBN).

Nigeria's Galaxy Backbone is intensifying efforts to attract banks and fintechs to its digital infrastructure services, following a data localization directive from the Central Bank of Nigeria (CBN). The move aims to boost local digital infrastructure adoption.

Jim Obazee, the 15th prosecution witness in the trial of former CBN Governor Godwin Emefiele, has called for the trial of former President Buhari and Boss Mustapha regarding an alleged $6.23 million loot from the Central Bank of Nigeria.

An EFCC witness has told the court that former CBN governor Emefiele did not benefit from the $6.2 million allegedly looted from the Central Bank of Nigeria, where he faces charges including criminal breach of trust and forgery.

The Central Bank of Nigeria has clarified its authority under BOFIA 2020, imposing a two-day limit for suspending contracts during the resolution of troubled banks.

The Central Bank of Nigeria (CBN) has introduced new HoldCo rules for banks and data regulations, which are expected to influence bank investors and drive the expansion of digital infrastructure in the country.

Jaiz Bank faced significant sanctions from the Central Bank of Nigeria (CBN) and the Nigerian Exchange Group (NGX) for breaches related to anti-money laundering, customer due diligence, and filing infractions.

Despite the Central Bank of Nigeria's cashless policy, N5.19 trillion remains outside Nigerian banks as of May 2026, raising questions about the policy's effectiveness.

The Central Bank of Nigeria (CBN) reported that Nigerian banks and their customers collectively lost N134 billion to banking fraud between 2020 and 2025, attributing the surge to the expansion of digital payments.

The Central Bank of Nigeria (CBN) has mandated banks, fintechs, and other payment operators to localize payment data and set caps on market dominance, with a compliance deadline of December 31, 2026.

The Central Bank of Nigeria (CBN) has prohibited closely linked financial entities from extending loans or guaranteeing each other's obligations without prior approval from the bank.

The Central Bank of Nigeria (CBN) has launched the fourth edition of its Foreign Exchange Manual, set to take effect on June 1. The new manual aims to deepen FX transparency, potentially increasing dollar liquidity and enhancing market confidence.

The Central Bank of Nigeria (CBN) has issued new Foreign Exchange Guidelines, permitting individuals to carry up to $50,000 in cash, provided it is declared upon exit.

The Central Bank of Nigeria has approved the conversion of Abbey Mortgage Bank to a regional commercial bank, leading to its renaming as Abbey Bank PLC following a shareholder resolution.

The Central Bank of Nigeria (CBN) aims to achieve 95% financial inclusion and faster money transfers by 2028, a vision intended to modernize national payments infrastructure and enhance regional commerce and export competitiveness.

The Group Managing Director/CEO of Nigerian Exchange Group (NGX Group), Temi Popoola, urged the Central Bank of Nigeria’s Monetary Policy Committee to treat capital market development as a macroeconomic necessity.

The Association of Point of Sale Service Providers (POS) may suspend services, potentially crippling banking operations, if the Central Bank of Nigeria and the FCCPC do not intervene in alleged exclusivity practices by two companies.

The Central Bank of Nigeria (CBN) has extended the enforcement deadline for PoS geo-fencing to August 1, 2026, providing financial institutions with additional time to ensure compliance.

Lagos-based financial services company Sycamore has obtained a microfinance bank license from the Central Bank of Nigeria, enabling it to offer deposit accounts and faster payment services.

An in-depth look at the Union Bank case explores the Central Bank of Nigeria's intervention, the debt-funded acquisition, and the ongoing legal appeals surrounding the matter.

A Federal High Court in Abuja has issued a perpetual injunction, restraining eNaira Payment Solutions Ltd from using the 'eNaira' trademark and awarding a N10 million fine in favor of the Central Bank of Nigeria.

Nigeria's credit rating has been upgraded by S&P Global, a move attributed to the country's recent fiscal and foreign exchange reforms. These reforms by the Central Bank of Nigeria are seen as improving the nation's economic outlook.

The Central Bank of Nigeria (CBN) has introduced the 4th Edition of its Foreign Exchange Manual, allowing foreign companies in the extractive industry 100 percent unfettered access to their export proceeds.

Following a directive from the Central Bank of Nigeria (CBN), four major Nigerian banks have published details of over 321,000 dormant bank accounts, sparking privacy and economic concerns.

The Central Bank of Nigeria (CBN) is pressing state governments to decrease their reliance on overdrafts and improve fiscal discipline to support the nation's transition to an inflation-targeting framework.

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has issued a stern warning to bank directors and industry leaders to enhance corporate governance or face decisive regulatory action.

An Osun court has summoned the Central Bank of Nigeria (CBN) to address a N100.1 million police judgment debt owed to the state’s electoral commission for unlawfully halting a local election.

President Bola Ahmed Tinubu commended Olayemi Cardoso for leading reforms at the Central Bank of Nigeria (CBN), stating that his policies are contributing to rebuilding Nigeria’s economy for long-term growth.

The Central Bank of Nigeria (CBN) emphasizes financial literacy as a critical life skill essential for individual empowerment and national economic growth. Read More:…

The Central Bank of Nigeria (CBN) has increased the fee for issuing and replacing ATM debit/credit cards by 50%, raising it from N1,000 to N1,500.

The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have partnered to address and combat digital fraud signals.

The International Monetary Fund (IMF) has endorsed Nigeria's bank recapitalization, a key reform initiated by the Central Bank of Nigeria (CBN), highlighting its role in strengthening capital buffers and enhancing financial stability.

Alert Microfinance Bank has obtained a national licence from the Central Bank of Nigeria and plans nationwide expansion to enhance financial inclusion.

The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, is being lauded for delivering on promises made during his confirmation hearing in September 2023, bringing a positive outlook amidst challenges.

Polaris Bank partners with the Central Bank of Nigeria (CBN) for Global Money Week 2026, launching a financial literacy initiative to equip students with skills in saving and budgeting.

The Central Bank of Nigeria (CBN) implemented updated guidelines for agent banking, regulating Point of Sale (PoS) operators and financial service providers, effective April 1, 2026.

An analysis delves into the legacy of Cardoso at the Central Bank of Nigeria, highlighting his focus on orthodox monetary tightening, FX liberalisation, and governance reforms.

A recent recapitalization exercise led by the Central Bank of Nigeria has seen 33 deposit money banks raise N44.65 trillion, significantly strengthening their financial positions and affirming the importance of robust banking institutions.

Flutterwave, a Nigerian fintech company, has secured a banking license from the Central Bank of Nigeria, with its transaction volume now reaching $40 billion.

Nigeria's Naira depreciated by 0.55% in July, despite a $430 million intervention by the Central Bank of Nigeria, indicating strong demand for foreign currency.

Investors bid N4.93 trillion for the Central Bank of Nigeria’s (CBN) Open Market Operations (OMO) bills, demonstrating strong demand for high-yield short-term instruments driven by an attractive OMO yield premium.

An editorial from Premium Times raises critical questions regarding the Central Bank of Nigeria's (CBN) purported expenditure efficiency and challenges its transparency and good governance practices.

The Central Bank of Nigeria (CBN) has removed restrictions on foreign exchange and government securities access to its discount window, effective immediately, directing banks to comply.

The Central Bank of Nigeria (CBN) is deepening its fintech regulation by opening a second sandbox cohort, creating fresh opportunities for digital finance innovation.

Economic activity in Nigeria expanded for the second straight month in July 2026, with the Central Bank of Nigeria's (CBN) Purchasing Managers’ Index (PMI) rising to 51.1 points, despite continued contraction in the industrial sector.

Global investors are showing increased interest in Nigeria's digital infrastructure market, driven by rising demand for data management and the Central Bank of Nigeria's data localization policies.

The Central Bank of Nigeria has reaffirmed its commitment to ensuring monetary and financial system stability, aiming for price stability and economic growth.

A survey by the Central Bank of Nigeria (CBN) revealed that high or multiple taxation, insecurity, and high interest rates were the primary constraints faced by Nigerian businesses in July.

Nigeria's foreign reserves have reached a 17-year high, surpassing $52.5 billion, according to the Central Bank of Nigeria (CBN). This figure also exceeds the country's annual target for foreign reserves.

The Central Bank of Nigeria's Gombe Branch organized a stakeholders' fair to promote financial inclusion, raise public awareness of its operations, and gather feedback on its policies.

The Centre for the Promotion of Private Enterprise (CPPE) has called on the Central Bank of Nigeria (CBN) to rethink its development finance strategies, stating that the real sector faces a significant N50 trillion funding gap due to structural market failures.

The value of Automated Teller Machine (ATM) transactions in Nigeria surged by 208.4 percent year-on-year, reaching N89.12 trillion in 2025 from N29.12 trillion in 2024, according to the Central Bank of Nigeria.

The Central Bank of Nigeria's data localisation directive is driving significant investment in the country's digital infrastructure, particularly in data centers. This policy is expected to enhance local digital capabilities and attract further investment.

Global geopolitical tensions, particularly the Middle East crisis, are significantly influencing the Central Bank of Nigeria's monetary policy, impacting inflation and interest rates.

The Central Bank of Nigeria reported a significant expansion in the country's financial system, with private sector credit rising 2.8 percent month-on-month to N83.3 trillion in June 2026.

Former Vice President Atiku Abubakar has called on the National Assembly to jointly summon the Accountant-General of the Federation and the Governor of the Central Bank of Nigeria to address conflicting accounts regarding the PFIPC.

The Central Bank of Nigeria's Monetary Policy Committee has maintained the benchmark interest rate at 26.5% for the second consecutive time, a decision backed by businesses and economists citing geopolitical tensions and inflation risks.

Despite global economic challenges, the Central Bank of Nigeria (CBN) announced its intention to strengthen policies to reduce rising inflation to single digits by 2027.

A director from the Central Bank of Nigeria informed the House of Representatives committee that fake agency accounts, opened on the directive of the Office of the Accountant-General of the Federation, had zero balances and were never operated.

Coronation Merchant Bank has announced a strategic leadership transition, naming Ohiwerei as its new CEO following regulatory approval from the Central Bank of Nigeria. This appointment builds on the bank's strong foundations for long-term growth.

The Central Bank of Nigeria will auction N750 billion in Treasury Bills to mop up liquidity, curb inflation, and stabilize the naira.

The Nigerian House of Representatives Public Accounts Committee (PAC) has directed the Office of the Accountant-General of the Federation (OAGF) to provide a comprehensive breakdown of outstanding operating surplus and other revenues allegedly owed by the Central Bank of Nigeria (CBN) and the Nigerian National Petroleum Company Limited (NNPCL).

Nigeria's economy has exited contraction, according to the Central Bank of Nigeria, yet households continue to express pessimism about their economic outlook. This suggests a disconnect between macroeconomic recovery and public sentiment.

Punch's morning recap provides updates on several top stories, including the Independent National Electoral Commission (INEC) battling six election lawsuits, the Central Bank of Nigeria (CBN) clarifying the validity of the old N100 note, and May Edochie heading to court.

Galaxy Backbone is intensifying efforts to engage banks and fintechs as the Central Bank of Nigeria moves to enforce the local storage of payment transaction data.

Mr. Nnorom is set to succeed Mr. Elumelu as the Group Chairman of UBA. Mr. Elumelu will retire from the Board of Directors of UBA on August 21, 2026, upon completing the 12-year tenure limit prescribed for Non-Executive Directors of Banks by the Central Bank of Nigeria.

A prosecution witness testified that former Central Bank of Nigeria governor, Mr. Emefiele, approved an alleged fraudulent $6.23 million cash withdrawal but did not personally benefit from the proceeds.

Nigeria's morning news recap highlights a showdown between the APC and INEC over the Senate list, a fake agency scandal hitting the presidency, and the Central Bank of Nigeria revoking 46 bank licences.

The Nigerian Deposit Insurance Corporation (NDIC) has started paying out to depositors following the Central Bank of Nigeria's revocation of licenses for 46 microfinance banks.

A court has reserved its ruling until July 9 on the admissibility of statements made by Godwin Emefiele, former Governor of the Central Bank of Nigeria, in connection with an alleged $4.5 billion fraud.

Jaiz Bank is planning to introduce collateral-free loans for small and medium-sized enterprises (SMEs) and retail customers, pending approval from the Central Bank of Nigeria. This initiative aims to enhance financial inclusion.

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has launched the CBN Naira Ambassadors Club. This campaign aims to promote respect for and proper handling of the Naira among Nigerians.

The Central Bank of Nigeria (CBN) has issued a warning against the abuse of the naira, citing increased costs and reduced lifespan for the currency. The bank also unveiled a new Naira Ambassadors Club for students.

Nigeria's current account surplus increased by 46 percent year-on-year to $4.98 billion in the first quarter of 2026, according to the Central Bank of Nigeria.

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has introduced the Nigerian Overnight Financing Rate (NOFR) to adapt financial systems to evolving economic realities, providing a benchmark for pricing loans and deposits.

Yemi Cardoso, Governor of the Central Bank of Nigeria, is recognized for his leadership, which led the institution to receive the Central Banking award for Central Bank of the Year in London.

The Central Bank of Nigeria (CBN) has proposed new guidelines aimed at establishing clear operational and functional boundaries among closely linked entities within the financial system.

A Nigerian House of Representatives committee has recovered ₦521.8 million in VAT from the Central Bank of Nigeria following an investigation into alleged revenue leakages and non-compliance, and is now pursuing an additional ₦33 billion in claims.

The Central Bank of Nigeria (CBN) has raised the foreign exchange remittance limit for Nigerian students' tuition abroad to $25,000 per semester.

The Group Managing Director/CEO of Nigerian Exchange Group (NGX Group), Temi Popoola, has called on the Central Bank of Nigeria's Monetary Policy Committee to prioritize capital market development as a macroeconomic necessity.

The Central Bank of Nigeria (CBN) has launched its Nigeria Payments System Vision (PSV) 2028, a strategic framework designed to foster a more efficient, innovative, and financially inclusive payments ecosystem in the country.

The Central Bank of Nigeria (CBN) has extended the deadline for enforcing its Point of Sale (PoS) terminal geo-fencing framework to July 31, allowing more time for compliance.

According to data from the Central Bank of Nigeria (CBN), the country spent $2.34 billion on food imports in 2025, highlighting its continued reliance on imported food and its economic implications.

Temi Popoola, Group Managing Director/CEO of Nigerian Exchange Group (NGX Group), urged the Central Bank of Nigeria’s Monetary Policy Committee to prioritize capital market development as a macroeconomic necessity.

Nigerian banks and businesses are facing challenges in credit expansion due to high borrowing costs, with the Central Bank of Nigeria's policies impacting lending and overall economic growth.

A Federal High Court in Abuja has ruled that the Central Bank of Nigeria (CBN) holds sole ownership rights to the eNaira digital currency platform.

The Central Bank of Nigeria (CBN) has maintained its Monetary Policy Rate (MPR) at 26.5 percent, along with other monetary rate parameters, and announced that it will not intervene in the foreign exchange market.

A new survey by the Central Bank of Nigeria indicates that insecurity is the most significant operational challenge for businesses in Nigeria, surpassing other pressures like taxes and interest rates.

A Federal High Court in Abuja has scheduled May 22 to deliver its judgment on a lawsuit challenging the Central Bank of Nigeria's ownership rights over the eNaira digital platform.

The Central Bank of Nigeria (CBN) has cautioned non-interest banks about significant governance weaknesses and compliance risks. This warning aims to ensure the stability and integrity of the non-interest banking sector.

The Central Bank of Nigeria (CBN) has emphasized the critical role of fiscal discipline by state governments in ensuring a successful transition to an inflation targeting monetary policy framework.

UBA hosted a pan-African conference bringing together over 20 leading fintechs and stakeholders, including PalmPay, OPay, Mastercard, Visa, and the Central Bank of Nigeria, to discuss deeper collaboration between banks and fintech companies.

The Nigerian Senate has confirmed Yuguda as the new Deputy Governor of the Central Bank of Nigeria (CBN). This confirmation fills a key leadership position within the nation's central banking institution.

A witness in the Godwin Emefiele fraud trial told the court that suspects confessed to fraudulently withdrawing $6.23 million from the Central Bank of Nigeria (CBN) for election observers.

A witness has testified before the EFCC regarding the alleged fraudulent withdrawal of $6.23 million from the Central Bank of Nigeria, purportedly for a fictitious 2023 election monitoring exercise.

The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have signed a Memorandum of Understanding. This agreement aims to strengthen their collaboration in combating SIM-related fraud.

The Central Bank of Nigeria (CBN) and the Financial Markets Dealers Association (FMDA) have collaborated to introduce a new money market benchmark. This initiative aims to align Nigeria with global best practices and enhance price discovery and transparency in the market.

The Central Bank of Nigeria has proposed establishing a mediation panel as the first point of resolution for loan-related disputes, aiming to reduce immediate recourse to courts.

The Central Bank of Nigeria (CBN) is increasing its regulatory oversight of the digital finance sector. This move aims to improve stability, protect consumers, and build investor confidence in the rapidly expanding digital financial landscape.

The Central Bank of Nigeria (CBN) has stressed the importance of strong governance and risk discipline for the success of the country's ongoing bank recapitalisation program. Dr. Blaise Ijebor, Director of Risk Management at the CBN, highlighted these factors as critical.

Bloomberg has received recognition in the Financial Markets Infrastructure Services – Wholesale category at the Central Banking Awards for its role in assisting the Central Bank of Nigeria with the deployment of the BMatch system, an automated solution for matching FX trades.

Mr. Lemo, a former Deputy Governor of the Central Bank of Nigeria, has commended President Tinubu for his support of the Ogun airport project, anticipating it will significantly boost the state's economy, particularly in agricultural exports.

Tunde Lemo, former Deputy Governor of the Central Bank of Nigeria, has praised the newly commissioned Gateway International Airport in Iperu-Remo, Ogun State, as a transformative project expected to significantly boost the state's Gross Domestic Product.

The Central Bank of Nigeria (CBN) has announced the conclusion of its banking sector recapitalization program, with 33 deposit money banks raising N4.65 trillion to expand lending and support economic growth.

The Central Bank of Nigeria's decision to reopen Open Market Operations (OMO) to retail and corporate investors is expected to intensify competition for funds, putting pressure on weak Nigerian equities.

Nigerian banks collectively increased their marketing expenditure by 5.35% to N76.5 billion in the first quarter of 2026, despite tighter regulations imposed by the Central Bank of Nigeria.

The Central Bank of Nigeria (CBN) has lifted its 2019 restriction on Open Market Operations (OMO), allowing local investors to participate in the market once again.

The Central Bank of Nigeria (CBN) has opened applications for the second cohort of its Regulatory Sandbox Programme, introducing dedicated tracks specifically for virtual assets and data-enabled financial services.

On Tuesday, August 11, 2026, the Nigerian Naira traded at approximately ₦1,368 to the US dollar in the official Nigerian Foreign Exchange Market, with the Central Bank of Nigeria's reference rate fluctuating within the ₦1,360–₦1,370 range.

The Central Bank of Nigeria (CBN) and Dangote Group are among the top nominees for the 2026 Almond Insurance Industry Awards, with the full shortlist and voting details now available.

Despite elevated rates in July, firms in Nigeria are expecting the cost of borrowing for bank loans to decrease in the coming three months, according to the Central Bank of Nigeria's latest Business Expectation Survey Report.

The Central Bank of Nigeria (CBN) asserts that its strategic economic reforms implemented over the past 34 months have established a strong foundation for sustainable economic growth, financial stability, and inclusive development.

The Nigeria Deposit Insurance Corporation (NDIC) has commenced payment to depositors of 46 microfinance banks whose operating licenses were revoked by the Central Bank of Nigeria, including over 700,000 Heritage Bank depositors.

Nigeria's foreign reserves have reached nearly $53 billion, a 17-year high, as reforms by the Central Bank of Nigeria stabilize the forex market and boost investor confidence.

Nigerian banks' deposits in the Central Bank of Nigeria's Standing Deposit Facility saw a dramatic 670.2 percent year-on-year increase, reaching N83.95 trillion in July 2026.

First HoldCo Plc, Nigeria's largest lender, plans to raise approximately $1 billion through a share sale after receiving approval from the Central Bank of Nigeria.

The Central Bank of Nigeria (CBN) is preparing to sanction 34 institutions for violating foreign exchange rules, as disclosed in its 2025 Annual Report.

Nigeria's microfinance banks (MFBs) are projected for substantial growth as reforms and recapitalization efforts by the Central Bank of Nigeria (CBN) gain momentum, enhancing credit access for underserved populations.

Nigeria's broad money supply expanded to N133.25 trillion in June 2026, indicating growth despite the Central Bank of Nigeria's efforts to maintain a tight monetary policy.

The Nigerian Senate has summoned the Central Bank of Nigeria (CBN), the Nigerian National Petroleum Company Limited (NNPCL), and 40 other Ministries, Departments, and Agencies (MDAs). This action is part of a probe into public funds and claims of non-remittance of revenue.

Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), has attributed the scarcity of N100 and N200 notes to the increasing adoption of digital payment channels and the declining purchasing power of lower-denomination currencies.

The Central Bank of Nigeria (CBN) has stated that two foreign currency accounts opened for the Presidential Foreign Investment Promotion Council, identified as a fake agency, were never activated because the agency failed to provide authorized signatories.

A Director at the Central Bank of Nigeria (CBN), Hamisu Abdullahi, informed a House of Representatives ad-hoc committee that government accounts are opened only with authorization from the Office of the Accountant General of the Federation (OAGF), amidst a probe into the Presidential Foreign Investment Promotion Council (PFIPC).

Industry stakeholders in Nigeria have expressed differing opinions regarding the Central Bank of Nigeria's decision to withdraw from direct intervention financing for the manufacturing sector.

•Reforms restore investor confidence •Bigger banks will drive growth – Cardoso By Babajide Komolafe Governor of the Central Bank of Nigeria, CBN, Mr.

The Nigerian House of Representatives has directed the Accountant-General to disclose revenue debts owed by the Central Bank of Nigeria (CBN) and the Nigerian National Petroleum Company (NNPC), and to probe fund withdrawals by Ministries, Departments, and Agencies (MDAs).

A Central Bank of Nigeria (CBN) report indicates that Nigerian businesses maintain optimism, despite facing challenges such as high taxes and insecurity, based on a survey of 1,900 enterprises in June.

The Central Bank of Nigeria’s massive liquidity buffer and strategic reforms are strengthening the naira, boosting confidence in its stability and attracting foreign investment.

The Central Bank of Nigeria (CBN) has clarified that the Standard N100 note is still legal tender and must be accepted for all transactions.

Galaxy Backbone is intensifying efforts to attract banks and fintechs to its digital infrastructure services after the Central Bank of Nigeria (CBN) issued a directive on local data storage.

A fake agency director, Mr. Adeyemi, successfully outsmarted federal officials by using fraudulent letters to secure Central Bank of Nigeria accounts and office space for his non-existent agency.

The Nigerian Federal Government has increased its domestic borrowing by 241% as part of its 2026 budget plan, with the Central Bank of Nigeria issuing Treasury Bills to raise N5.8 trillion in the third quarter of 2026.

A court has directed the Central Bank of Nigeria (CBN), Nigeria Inter-Bank Settlement System (NIBSS), and others to explore an out-of-court settlement in a N98.5 billion patent infringement suit. The move aims to resolve the dispute without further litigation.

The Central Bank of Nigeria has directed banks to immediately freeze the accounts and assets of six terror suspects and four Bureau de Change operators implicated in terrorism financing.

New data from the Central Bank of Nigeria (CBN) indicates a N17.4 trillion surge in the Federal Government's borrowing, highlighting increased public sector debt and potential crowding out of private sector credit.

Nigeria's net foreign exchange inflow into the economy decreased by 24 percent month-on-month to $6.92 billion in February, down from $9.22 billion recorded the previous month, according to the Central Bank of Nigeria.

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, launched the CBN Naira Ambassadors Club, an initiative designed to encourage the proper handling and preservation of Nigeria's currency.

The Central Bank of Nigeria (CBN) has launched its Payments System Vision 2028, aiming to transform the nation's economy through robust digital payment systems. This initiative seeks to foster growth, financial inclusion, and trade.

The Central Bank of Nigeria (CBN) has directed all banks and financial technology companies to localize the storage of payment data within the country. This order aims to ensure that all payment information is kept within Nigeria's borders.

An article highlights the impressive achievements and global acclaim received by the Central Bank of Nigeria under the leadership of Yemi Cardoso.

First City Monument Bank (FCMB) Limited has announced the appointment of Mr. Bismarck Rewane as a Non-Executive Director and Chairman of its Board of Directors. The appointment follows approval from the Central Bank of Nigeria.

Nigerian banks are subject to a N100 million penalty for foreign exchange violations under new compliance rules introduced by the Central Bank of Nigeria.

The arraignment of a bank and four other defendants in an alleged N4.29 billion forex fraud case was stalled in Lagos after the defendants failed to appear in court. They are accused of conspiring to sell foreign exchange above Central Bank of Nigeria stipulated rates.

The Central Bank of Nigeria (CBN) aims to bring N2.83 trillion cash from private hands into the banking system and onboard 50 million Nigerians by 2028, ahead of the 2027 elections.

Nigeria's food import bill decreased by 7% to $2.34 billion in 2025, according to Central Bank of Nigeria (CBN) data, indicating a shift in economic priorities and reduced reliance on imports.

The Central Bank of Nigeria (CBN) has extended the deadline for compliance with its Point of Sale (PoS) geo-fencing metre and related regulations to August 1.

Following the Central Bank of Nigeria's decision to lower interest rates in February, N105 billion in cash has reportedly returned to the country's banking system.

Olayemi Cardoso, Governor of the Central Bank of Nigeria, reiterated the bank's dedication to orthodox monetary policy, transparency, and evidence-based decision-making, while cautioning against interventionist programs.

A Nigerian court has ruled that a company must remove 'Naira' from its name, agreeing with the Central Bank of Nigeria that the name was misleading despite the company's incorporation in 2004.

The Centre for the Promotion of Private Enterprise (CPPE) has advised the Central Bank of Nigeria (CBN) against further monetary tightening, warning that higher interest rates could hinder economic growth, private-sector investment, and employment.

Nigeria experienced an 11.4 percent year-on-year increase in net foreign exchange inflow, reaching $66.23 billion in 2025, despite a fall in net inflow through the Central Bank of Nigeria.

The Central Bank of Nigeria (CBN) is implementing stricter governance standards following the banking sector recapitalization to enhance financial stability and foster economic growth.

Fintech company OPay collaborated with the Central Bank of Nigeria (CBN) to promote youth financial literacy during the Global Money Week 2026 Financial Literacy Fair and Exhibition held in Abuja.

Nigeria's money market liquidity surplus has narrowed to N5.8 trillion, contributing to stable interest rates despite recent bond auction settlements and Central Bank of Nigeria policy adjustments.

The Nigerian Senate has expedited the confirmation process for Yuguda to assume the role of Deputy Governor at the Central Bank of Nigeria (CBN).

During the ongoing Emefiele fraud trial, a witness testified in court that suspects confessed to the fraudulent withdrawal of $6.23 million from the Central Bank of Nigeria.

Indications have emerged that proceedings in the trial of former Central Bank of Nigeria, CBN, Governor, Godwin Emefiele, may suffer further delays as uncertainty surrounds the availability of a key…

The Central Bank of Nigeria (CBN) has donated an FM-200 fire suppression system to the Kwara Fire Service, aiming to enhance its emergency response capabilities and public safety measures.

The Central Bank of Nigeria (CBN) is implementing new measures to enhance trust in the country's financial system by tightening oversight on virtual asset operators and digital financial platforms.

The Central Bank of Nigeria (CBN) and Financial Markets Dealers Associations have launched the Nigerian Overnight Financing Rate (NFOR) as a new money market benchmark to promote consistent pricing of money market instruments.

The Nigerian House of Representatives Ad-Hoc Committee investigating the $460 million Closed Circuit Television (CCTV) surveillance project in the Federal Capital Territory has ordered the Central Bank of Nigeria (CBN) to suspend any further payments to ZTE Corporation.

A recent interest rate reduction by the Central Bank of Nigeria has led to a N380 billion increase in private sector borrowing, signaling a modest expansion in credit availability.

The Central Bank of Nigeria (CBN) has officially denied the authenticity of a widely circulated image depicting a new N5,000 banknote featuring President Tinubu, confirming it as fake.

Fresh details from a forensic audit report allege wide-ranging financial irregularities that led to the Central Bank of Nigeria's regulatory intervention in Union Bank of Nigeria (UBN).

An analysis reviews the Central Bank of Nigeria's (CBN) enabling law, the CBN Act (2007), as it approaches its 20th anniversary next year, noting its mixed scorecard as a product of democratic civilian government.

Fintech company Flutterwave has received a banking license from the Central Bank of Nigeria (CBN), enabling it to expand its financial services beyond payments to businesses across Africa.