The Central Bank of Nigeria (CBN) announces the successful conclusion of the banking sector recapitalisation programme initiated in March 2024. Over the 24month period, Nigerian banks raised a total of…
The Central Bank of Nigeria (CBN) has unveiled its 2026 monetary policy agenda, focusing on reducing inflation to single digits, stabilising the exchange rate, and strengthening the country’s financial system. Governor of…
The Central Bank of Nigeria (CBN) has issued fresh directives to banks, financial institutions and payment service providers aimed at strengthening electronic payment security, tightening oversight of the Bank Verification…
President Bola Ahmed Tinubu has praised stakeholders in the capital market for driving the Nigerian Exchange past the historic N100 trillion market capitalisation mark, describing the achievement as a strong…
The Central Bank of Nigeria’s Monetary Policy Committee has reduced the interest rate by 50 basis points, from 27.5 per cent in July to 27 per cent. This followed…
The Central Bank of Nigeria (CBN) has issued a strong warning to banks that restrict customers from withdrawing up to N20,000 per transaction at Automated Teller Machines (ATMs), despite having…
Nigerians will soon pay more to access cash from Automated Teller Machines (ATMs) as the Central Bank of Nigeria (CBN) has introduced new withdrawal charges, eliminating free interbank transactions and…
A total of N1.727 trillion, representing the November 2024 Federation Accounts Revenue, was distributed among the Federal, State, and Local Governments during the December meeting of the Federation Accounts Allocation…
The Central Bank of Nigeria (CBN) has said the old N1,000, N500, and N200 banknotes still in circulation are valid and should be accepted by all. In a statement issued…
The Federation Accounts Allocation Committee (FAAC) on Wednesday disbursed a total sum of N1.411 trillion to the three tiers of government and other relevant stakeholders, for the month of October…