Petrol import bill falls 28% to $10bn in 2025— CBN
According to figures from the Central Bank of Nigeria (CBN), Nigeria's petrol import bill reduced to $10 billion by 2025. In its 2025 balance of payments (BOP) report, the bank stated…
Nova Bank appoints Jude Anele as MD/CEO after CBN approval
Nova Bank Limited has appointed Jude Anele as its Managing Director and Chief Executive Officer, following approval from the Central Bank of Nigeria (CBN). The bank announced the appointment in…
BoI gets CBN approval to offer non-interest banking services
The Bank of Industry (BoI) announced that it has gained regulatory license from the Central Bank of Nigeria (CBN) to operate a Non-Interest Banking (NIB) Window, marking a significant milestone…
CBN orders PoS providers to integrate systems with NIBSS, UPSL within one month
The Central Bank of Nigeria (CBN) has ordered all acquirers, processors, and payment terminal service providers (PTSPs) to implement mandatory dual connectivity with the Nigeria Inter-Bank Settlement System (NIBSS) and Unified…
CBN introduces new withdrawal limit, scraps deposit cap
The Central Bank of Nigeria has announced a complete review of cash-related policies, including new nationwide withdrawal restrictions and the removal of the cumulative deposit cap for bank customers. In…
CIBN KEYNOTE ADDRESS BY THE GOVERNOR OF THE CENTRAL BANK OF NIGERIA, MR. OLAYEMI CARDOSO, AT THE CIBN ANNUAL BANKERS’ DINNER
ProtocolGood evening, distinguished guests, esteemed members of the Chartered Institute of Bankers of Nigeria, colleagues, and friends.It is my honour to join you at the 60th Annual Bankers’ Dinner. I…
CBN to assume control of fixed income settlement, trading platform by December
The Central Bank of Nigeria (CBN) has announced that it will take direct control of the fixed income market's settlement and trading platform by December. The FMDQ Group currently operates…
