Investors heavily favored one-year government securities in the latest CBN auction, signaling a shift toward longer-term fixed-income returns despite the rate cut.

A curated collection of reporting on the Central Bank of Nigeria's regulatory decisions, interest rate policies, and efforts to stabilize the national currency and banking sector.

The Director-General of Nigeria's National Information Technology Development Agency (NITDA) has urged the Central Bank of Nigeria (CBN) regarding banking services.

The Central Bank of Nigeria is promoting the broader use of digital payment channels to enhance financial inclusion and stimulate economic growth.

ABS-CBN is making way for new owners as part of a P6-billion rescue package, indicating a significant shift in the company's structure.

Nigeria's foreign reserves have surpassed $52.5 billion, marking a 17-year high, attributed to Central Bank of Nigeria reforms and increased investor confidence.

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.

Gabby Lopez found a way to secure a P6-billion rescue package for ABS-CBN, navigating family disputes, a move that also redefines the network's ownership and future direction.

•Lifts suspension on Tenored Repo •Retains control over scale, timing of OMO By Babajide Komolafe The Central Bank of Nigeria, CBN, yesterday reversed its seven years restriction on participation of…

Gabby Lopez is reportedly stepping up to save ABS-CBN, the company he loves, after having stepped down as its chairman emeritus in September 2020. His renewed involvement signals a mission to support the media conglomerate.

Media giant ABS-CBN Corp. has secured up to P6 billion in new equity from investors, providing fresh capital to support its efforts to return to profitability.

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.

Ramon Ang has purchased a stake in Lopez Inc., the holding company of the Lopez empire, raising questions about whether this move could lead to a rescue of ABS-CBN.

Nigeria’s foreign exchange demand for oil sector imports surged by 115% in 2025, as revealed by the CBN.

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.

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.

An analysis explores the strategic considerations for investors looking to buy into the Lopez empire, specifically weighing options between ABS-CBN and Lopez Inc. The discussion delves into the distinct investment profiles and potential returns of each entity within the conglomerate.

A Nigerian Senate Committee's planned investigation into the Nigeria Extractive Industries Transparency Initiative (NEITI) Oil and Gas Industry Audit Reports for 2021, 2022, and 2023 was delayed after key agencies failed to appear.

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

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.

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.

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 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'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.

Nigeria's Central Bank (CBN) has directed Bureau De Change (BDC) operators to sell any unutilised foreign exchange (FX) balances to the Nigerian Foreign Exchange Market (NFEM) within 24 hours, with potential confiscation of unutilised funds.

Nigeria's net foreign exchange reserves have reportedly increased from $3 billion to $40 billion, indicating improved external liquidity and investor confidence, according to the CBN Governor.

Nigeria's Central Bank may increase interest rates in the second half of 2026, driven by rising pre-election spending, a move experts believe could impact equity markets.

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.

The Nigerian naira weakened further, closing at N1,381.70/$1, as CBN interventions and market forces continue to impact its value.

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

Nigeria's Central Bank has revoked 46 microfinance bank licenses, a move anticipated to spur consolidation within the sector and shift deposits, aiming to strengthen the nation's financial landscape.

The Office of the Accountant-General of the Federation (OAGF) has clarified that the PFIPC does not have an operational CBN account and has not received any funds. The account opening process for PFIPC was described as inconclusive.

Jim Obazee has stated that former President Buhari, Boss Mustapha, and other former CBN board members should be prosecuted for a $6.23 million cash withdrawal, similar to the ongoing trial of Mr. Emefiele.

Nigeria's Central Bank (CBN) is approaching its January 1, 2027, deadline for financial institutions to localize payment transaction data, with infrastructure reportedly available for compliance.

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.

Officials from Nigeria's Central Bank (CBN) and the Ministry of Trade spoke at a Citibank forum, highlighting the critical role of efficient financial intermediation for the success of AfCFTA as intra-African trade expands.

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.

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.

Historic World Cup goal brings rare joy to DR Congo Ebola epicenter  ABS-CBN

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.

The Federal Government of Nigeria has opened a dedicated CBN account to ensure transparent and timely payment of retiree benefits under the new Exit Benefit Scheme.

Businesses' confidence in Nigeria's macroeconomy significantly increased to 7.9 index points in May 2026 from 3.9 in April, despite ongoing challenges like insecurity, multiple taxation, and high interest rates.

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.

The IMF has advised Nigeria's Central Bank to sterilize foreign exchange inflows from increased oil prices to prevent a rise in inflation, as outlined in its latest Article IV consultation report.

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.

CBN Governor Cardoso unveiled Nigeria's Payments System Vision 2028, emphasizing an efficient payment system as crucial for poverty reduction and economic growth.

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.

Nigeria's Central Bank (CBN) injected N9.71 trillion into the economy, contributing to the naira's gain of N19.67 against other currencies in April.

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 ruled that the Central Bank of Nigeria (CBN) holds sole ownership rights to the eNaira digital currency platform.

Nigeria's Central Bank has maintained its benchmark interest rates at 26.5% in an effort to combat persistent inflation and stabilize the exchange rate, despite concerns raised by the private sector regarding manufacturing risks.

After more than two years of account closures, aggrieved customers of the defunct Heritage Bank are urging the Federal Government, Central Bank, and insurance corporation to enforce full deposit repayments.

UBA and Fidelity Bank have announced delays in publishing their H1 2026 financial results, pending approval from the Central Bank of Nigeria (CBN).

The Director-General of NITDA has called on the Central Bank of Nigeria (CBN) to enhance and upgrade its banking services.

Speaking on the appointment, the Group Chairman, Tony Elumelu, said the board was confident that Mr Puri’s extensive experience, depth of expertise and sound judgement would further strengthen the…

ABS-CBN's annual stockholders' meeting addressed the company's future, though new owners were notably absent, indicating that significant work lies ahead beyond the official agenda.

As ABS-CBN stockholders prepare to meet, questions arise regarding the allocation of the P6-billion rescue money, specifically how much will cover past debts versus future investments.

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.

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.

I&C could become ABS-CBN’s largest single shareholder. So who exactly is I&C?

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 (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 removed restrictions on foreign exchange and government securities access to its discount window, effective immediately, directing banks to comply.

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) and Dangote Group are among the top nominees for the 2026 Almond Insurance Industry Awards, with the full shortlist and voting details now available.

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

CBN Governor Cardoso announced that Nigeria's economy is showing signs of recovery, citing forex stability, rising foreign reserves of $52.5bn, and easing inflation.

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.

Mobile money transactions in Nigeria have surged by 81% to N372 trillion in 2025, according to a CBN report, attributed to expanding agent networks and increased digital adoption.

A report from Nigeria's Central Bank indicates that currency in circulation increased to N5.73 trillion, while foreign exchange inflows into the economy reached $109.86 billion in 2025.

GTCO and Zenith Bank topped Nigeria’s FUGAZ banks with the highest capital adequacy ratio in Q1 2026, surpassing the CBN regulatory minimums.

Sterling Bank has consistently kept its non-performing loan (NPL) ratio below the CBN’s 5% threshold for 10 years, demonstrating strong asset quality.

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.

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.

Nigeria's Central Bank (CBN) has released new operational guidelines for Bureau De Change (BDC) forex purchases from banks, introducing a tracking portal and allowing BDCs to buy foreign exchange from any authorized dealer bank without exclusivity arrangements.

The United States is actively supporting Nigeria's efforts to develop its energy and digital infrastructure. This backing comes as new CBN data rules are triggering a race for digital infrastructure improvements in the country.

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.

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

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.

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.

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 CBN has clarified its powers under BOFIA 2020, restricting contract suspension periods to two business days for failing banks, enhancing market certain Read More:…

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.

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.

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.

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.

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.

Nigeria's Central Bank (CBN) has mandated banks and fintech companies to disclose their owners and store payment data within Nigeria, aiming to enhance transparency and reduce market risks.

Nigeria's Central Bank's aggressive liquidity tightening is causing a shift in the fixed-income market, pushing investors towards high-yield short-term debt. This policy is reshaping investment patterns in the country.

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 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.

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.

Nigeria's Central Bank is introducing new regulations to bring stability to the country's foreign exchange market, which has long been plagued by uncertainty and supply-demand issues. Importers and exporters have faced challenges with delays and documentation.

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.

The ministry will regulate CBN as a designated drug under the pharmaceutical and medical devices law through a revision of a relevant ordinance.

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.

Nigeria's Central Bank Governor Olayemi Cardoso has defended orthodox monetary policy, rejecting calls to reinstate intervention programs that previously distorted the bank's operations.

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 Central Bank explained how economic reforms helped mitigate the impact of external shocks, including the US/Israel-Iran conflict and rising energy prices, on the nation's economy.

Financial experts emphasize that the Central Bank of Nigeria’s core mandate remains maintaining macroeconomic stability rather than actively courting foreign portfolio investments or favoring local businesses exclusively.

The Central Bank of Nigeria (CBN) is being called upon to broaden its regulatory oversight to include risks posed by fintech companies, cloud providers, and other technology partners. This expansion aims to ensure financial stability within the country.

ABS-CBN's stock price has climbed, reflecting market confidence in a P6 billion rescue plan spearheaded by Gabby Lopez to save the media company.

Nigeria's Central Bank (CBN) is exploring how its monetary policy can balance achieving price stability with fostering economic growth and credit availability.

A new analysis questions the economic value and burden of proving the usefulness of ABS-CBN's continued listing on the Philippine Stock Exchange.

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.

Six years after losing its franchise, ABS-CBN remains unprofitable despite being 84% content-focused, now seeking a P6 billion infusion of fresh capital to reverse its fortunes.

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 expert has urged Nigeria's Central Bank (CBN) to explore accessing a potential $20 billion shareholding fund from the Bank for International Settlements (BIS).

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

PalmPay's Managing Director, Chika Nwosu, emphasized the need for increased investment in interoperable payment infrastructure to support Africa's economic transformation at the CBN's 7th Africa Emerging Markets Forum.

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.

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 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 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 Nigerian Senate Committee on Public Accounts has given NNPCL, CBN, and other agencies a 72-hour ultimatum to respond to unresolved audit queries.

Nigeria's Central Bank reduced the one-year T-bill yield after receiving N3.62 trillion in bids, indicating strong investor appetite for government securities.

The Nigerian Senate has scheduled a 23-day probe into the country's oil sector audit, summoning the NNPCL, CBN, and other organizations to provide relevant information and be represented by their chief accounting officers.

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.

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.

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.

Nigerian banks have experienced a significant 12-fold surge in profits since the 2005 recapitalisation initiated by former CBN Governor Charles Soludo, with major banks like Zenith, GTB, and Access Bank showing substantial growth.

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.

Nigeria's Central Bank (CBN) has introduced a centralised FX BDC Purchase Tracker to monitor Bureau De Change transactions in real-time, aiming to enhance transparency and compliance.

Nigeria's Central Bank (CBN) has issued a directive requiring Bureau De Change (BDCs) to sell any unutilized foreign exchange to the Nigerian Foreign Exchange Market (NFEM).

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.

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.

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.

Investigator Jim Obazee stated that former President Buhari should have faced trial over the alleged $6.2 million CBN fraud, implicating others in the ongoing Emefiele trial.

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.

The Nigerian Presidency is facing intense scrutiny and criticism from opposition figures like Atiku Abubakar over an alleged fake agency scandal. The controversy involves a director-general accused of fraudulently opening a CBN account, leading to prosecution by the federal government.

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.

Godwin Emefiele, former CBN governor, is challenging statements made by the EFCC in his $4.5bn fraud trial, alleging torture and inhumane detention conditions. The court is set to rule on the admissibility of these statements.

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 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.

A historic World Cup goal has brought a rare moment of joy to the Ebola-stricken region of DR Congo, offering a brief respite from ongoing challenges.

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 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.

Nigeria's fixed-income trading volume has soared to N1.06 trillion, driven by strong demand for short-term government debt, with Treasury Bills leading the surge.

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

Nigeria's Central Bank (CBN) plans to update the regulatory framework for financial holding companies, a necessary overhaul of the existing rules introduced in 2014 to manage risks from non-core banking activities.

State-run People’s Television Network (PTV-4) is considering potential partnerships with leading private broadcasters GMA, ABS-CBN, and TV5, as announced by General Manager Lino Cayetano.

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.

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.

As President Bola Tinubu marks his third year in office, Nigeria's economic landscape reflects a mix of sweeping reforms, including the elimination of multiple exchange rates by the CBN, alongside deepening controversies and growing concerns over the health of the nation's democracy, with both gains and missed targets.

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.

Japan's Ministry of Health, Labour and Welfare announced that the cannabis-derived component CBN (cannabinol) will be prohibited from sale and possession starting June 1st, due to concerns about hallucinogenic and excitatory effects, urging proper disposal of existing supplies.

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.