CBN Governor Olayemi Cardoso says all naira denominations, including N100 and N200 notes, remain legal tender and must be accepted. He attributes their scarcity to increased digital payments and reaffirms…
The Central Bank of Nigeria has retained the Monetary Policy Rate (MPR) at 26.5%. CBN Governor Olayemi Cardoso announced the decision after the Monetary Policy Committee's 306th meeting in Abuja,…
CBN plans to raise N5.8 trillion through Treasury Bills in Q3 2026, a 241% surge from N1.76 trillion in the same period last year, to fund the 2026 budget. The…
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks (MFBs), citing failure to meet regulatory requirements for continued operation. In a statement on Wednesday,…
The Central Bank of Nigeria (CBN) has unveiled draft rules aimed at creating clearer separation between banks and other financial entities under their control, such as financial technology (fintech) firms,…
The Central Bank of Nigeria (CBN) has introduced new Bank Verification Number (BVN) guidelines set to take effect from May 1, 2026, aimed at strengthening identity security and reducing fraud…
The Central Bank of Nigeria (CBN) has announced that it has removed the cash pooling requirement for international oil firms (IOCs), allowing them unfettered access to their export revenues. Cash…
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 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…
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…
