The Central Bank of Nigeria (CBN) has warned Nigerians, businesses and financial institutions against rejecting the standard N100 banknote, stressing that it remains legal tender and must be accepted for…
The Central Bank of Nigeria has revoked the operating licences of 46 Microfinance Banks with effect from July 1, 2026. The action, approved by CBN Governor Mr. Olayemi Cardoso, was…
The Central Bank of Nigeria (CBN) Thursday directed banks and all financial institutions to freeze transactions, accounts, and assets linked to six individuals and four Bureau De Change (BDC) operators…
Central bank interest rates will remain unchanged at 26.50 percent, the Monetary Policy Committee (MPC) announced on Wednesday. The central bank also kept the Standing Facilities Corridor around the main…
The Federation Account Allocation Committee shared a total of N2.04 trillion as revenue for March 2026, reflecting a N150 billion increase from the N1.89 trillion distributed for February, amid stronger…
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…