Business

Hybrid Motors secures $95m investment for EV plants

  • 5th June 2026

Grenada grants visa-free entry to Nigerian entrepreneurs, professionals

  • 5th June 2026

FG awards African quality mark to 131 Nigerian

  • 5th June 2026

MTN, SMEDAN expand digital push to close $158bn

  • 5th June 2026

Contact Info

Some Populer Post

Anthropic urges global AI pause to prevent loss of

Technology

FG flags off ₦1.245trn Gombe-Biu highway dualisation project

Transportation

Hybrid Motors secures $95m investment for EV plants across

Business

Elon Musk’s estranged daughter ends interview after question about

Entertainment

Tag: CBN

Business

CBN surpasses target, raises N1.457tn in June treasury bill auction

The Central Bank of Nigeria raised N1.457 trillion at its June 3 Treasury Bills Primary Market Auction, despite strong investor demand that drove total subscriptions to N2.160 trillion, more than twice the N1 trillion on offer. The 364-day tenor dominated activity, attracting subscriptions of N1.946 trillion against an N800 billion offer, underscoring sustained appetite for […]

Economy

Foreign exchange reserves rise by $1.22bn in May – CBN

Nigeria’s external reserves rose by about $1.22 billion in May 2026, closing the month at $49.58 billion, according to data from the Central Bank of Nigeria. Figures released by the apex bank show that gross reserves increased from $48.36 billion on April 30, 2026, to $49.58 billion by May 29, 2026, representing a month-on-month gain […]

Banking

CBN mops up ₦5.42tn from fresh OMO auction

The Central Bank of Nigeria absorbed N1.945 trillion from the financial system through its Open Market Operations auction conducted on May 29, 2026, as part of efforts to sterilise excess liquidity ahead of an anticipated N3.35 trillion inflow from maturing OMO and Treasury Bills securities. Nairametrics reported that results from the latest OMO auction revealed […]

Banking

Bad loans hit 8% after CBN’s regulatory forbearance withdrawal

Bad loans in Nigeria’s banking sector increased to 8.03 per cent in January 2026, seven months after the Central Bank of Nigeria began winding down regulatory forbearance granted to banks on certain credit exposures and breaches of single obligor limits. The PUNCH reported that according to the CBN’s January 2026 Economic Report, the industry’s non-performing […]

Business

CBN extends PoS geo-fencing enforcement deadline

The Central Bank of Nigeria has extended the enforcement of its Point-of-Sale terminal geo-fencing requirement to August 1, 2026, giving financial institutions and payment service providers more time to comply with the regulation aimed at improving oversight of electronic payment channels. The directive was contained in a circular dated May 29, 2026, which was obtained […]

Opinion

NGX boss urges CBN to prioritise capital market growth

Group Managing Director/CEO, Nigerian Exchange Group, Temi Popoola, has urged the Central Bank of Nigeria’s Monetary Policy Committee to treat capital market development as a macroeconomic necessity. He argued that the effectiveness of monetary policy increasingly depends on the depth, liquidity, and coherence of Nigeria’s financial markets. Vanguard reported that Popoola made this call in […]

Economy

Cash outside banks drops ₦104bn after CBN rate cut

Cash held outside Nigeria’s banking system declined by N104.76 billion between February and April 2026 following the Central Bank of Nigeria’s decision to cut interest rates at its first Monetary Policy Committee meeting of the year, fresh data from the apex bank has shown. Figures obtained from the CBN’s money and credit statistics revealed that […]

Business

CBN mops up N3.69tn in massive liquidity tightening move

The Central Bank of Nigeria intensified its liquidity tightening drive on May 21, 2026, conducting one of its largest single-session Open Market Operations auctions and absorbing N3.692 trillion through two debt instruments. In the OMO auction results released by the apex bank the investor appetite far exceeded supply, with subscriptions reaching N3.692 trillion against a […]

Finance

Court grants CBN sole ownership of eNaira platform

The Federal High Court sitting in Abuja, on Friday, granted the Central Bank of Nigeria sole ownership rights to the eNaira digital currency platform. The court, in a judgment delivered by Justice James Omotosho, issued an order of perpetual injunction to restrain a private firm, eNaira Payment Solutions Limited, from further parading itself as the […]

CBN fines Moniepoint, OPay ₦1bn in regulatory crackdown
Business

CBN allots N829bn in treasury bills amid strong investor appetite

The Central Bank of Nigeria sold a total of N829.32 billion worth of Treasury Bills at its Primary Market Auction held on Tuesday, May 20, 2026, with the 364-day instrument attracting the largest share of allotments. Auction results obtained by Nairametrics on Wednesday showed that investor demand remained strong, as total subscriptions surged to about […]

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Email Us: [email protected]

ambusinessng @2025. All Rights Reserved.

Facebook-f Pinterest-p Youtube Instagram Linkedin-in