CBN

The federal government spent $3.57 billion servicing the country’s foreign debt in the first nine months of 2024. According to data obtained from the Central Bank of Nigeria (CBN) report on international payment statistics, the federal…

The rising inflation rate will force Nigerian households to spend the largest amounts of their earnings on food in the next six months, a recent survey by the Central Bank of Nigeria (CBN) has shown. This is as the most recent report…

The Central Bank of Nigeria (CBN) has stated that the decline in the country’s inflation rate in July is a positive sign that its monetary measures are beginning to yield results. The CBN highlighted this development as evidence of…

The Central Bank of Nigeria (CBN) has reintroduced the publication of several key economic reports, reaffirming its commitment to fostering transparency and accountability in the Nigerian economy. A statement signed by its Ag.…

The Central Bank of Nigeria (CBN) on Tuesday announced the approval for a pivotal financial accommodation to support the proposed merger between Unity Bank Plc and the Providus Bank Limited. The apex bank, in a statement by its…

The Central Bank of Nigeria (CBN) has directed all banks and other financial institutions to transfer funds in all dormant accounts to the apex bank. A circular by CBN Ag. Director of Financial Policy and Regulations, Mr. John Onoja,…

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, says rising transaction volumes by non-banks threatens financial stability in West Africa. He stated this on Monday at the 10th meeting of the College of Supervisors…

The Central Bank of Nigeria (CBN) says it will continue to implement more policies to tackle cybersecurity challenges, foster innovation to ensure stability and integrity of the financial system. The Deputy Governor, Financial…

Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says the pains caused by ongoing monetary and fiscal reforms will soon be over if Nigerians remain focused on supporting the policies. Cardoso, represented by Blaise…

The Central Bank of Nigeria (CBN) has again raised the Monetary Policy Rate by 150 basis points to 26.25 Per cent from 24.75 percent. Briefing the press on the outcome of the 295th Monetary Policy Committee (MPC) meeting in Abuja,…

In a decision with potential implications for customer privacy, the Federal High Court sitting in Lagos has upheld the Central Bank of Nigeria's (CBN) regulation requiring financial institutions to collect social media handles as part…

In a development with significant implications for the ongoing corruption case against Godwin Emefiele, the former Governor of the Central Bank of Nigeria (CBN), a key witness implicated Emefiele in a bribery scheme. John Ayoh, a former…

The Central Bank of Nigeria (CBN) has taken a controversial step in its fight against alleged illicit foreign exchange (forex) transactions. The regulatory body has ordered four fintech companies – OPay, Palmpay, Kuda Bank, and…

The Central Bank of Nigeria (CBN) governor Yemi Cardoso says the apex bank’s FX reforms have made the naira the best-performing currency globally. Nigeria’s currency lost massively against major currencies in the past few months.…

The Former Governor of the Central Bank of Nigeria, Godwin Emefiele, has been released after meeting the bail conditions granted him by the Court. Emefiele, who arrived at the Lagos High Court, Ikeja in custody of operatives of the…