Business

FG moves to revive cotton textile industry, create

  • 19th May 2026
Sugar price hits N835,400 per tonne

Sugar industry can create one million jobs, curb

  • 19th May 2026

West, Central Africa commit $27bn to port projects

  • 19th May 2026
Pension funds climb by 22% to N18tn - NAICOM

NAICOM tasks insurers on shift to customer-centric insurance

  • 19th May 2026

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NRS warns tax leakages threaten ₦40tn revenue target

Policy and Regulations

Nollywood’s ‘Call of My Life’ grosses ₦78.2m at weekend

Entertainment featured
CBN fines Moniepoint, OPay ₦1bn in regulatory crackdown

CBN offers ₦650bn treasury bills auction on Wednesday

Finance

Togo scraps visa requirements for all African passport holders

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Tag: CBN

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

CBN offers ₦650bn treasury bills auction on Wednesday

The Central Bank of Nigeria is offering N650 billion for auction at the Nigerian Treasury Bills auction scheduled for Wednesday, May 20, 2026, marking the second issuance for the month in line with the Federal Government’s second-quarter borrowing calendar. The planned auction was disclosed in an official tender notice issued by the apex bank on […]

Business

CBN launches updated FX manual to boost investor confidence

The Central Bank of Nigeria has unveiled the fourth edition of its Foreign Exchange Manual, advancing reforms designed to enhance transparency, boost liquidity, and strengthen confidence in Nigeria’s FX market. The revised manual was launched on Friday in Abuja by CBN Governor, Olayemi Cardoso, and will come into effect on June 1, 2026. Among the […]

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

CBN launches revised foreign exchange manual effective June

The Central Bank of Nigeria on Friday launched the fourth edition of its Foreign Exchange Manual, with the revised framework scheduled to take effect from June 1, 2026, as part of ongoing reforms aimed at improving transparency, liquidity and confidence in Nigeria’s foreign exchange market. The PUNCH reported that speaking at the launch of the […]

Banking

Four banks publish 321,181 dormant accounts in compliance with CBN directive

Four banks have disclosed details of at least 321,181 dormant accounts in compliance with a directive from the Central Bank of Nigeria. The move comes amid warnings from economic analysts that the CBN’s directive raises serious concerns over customer communication, account reactivation processes, business closures, and data privacy. The listed dormant accounts cut across individuals, […]

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

CBN raises concern over governance gaps in non-interest financial institutions

The Central Bank of Nigeria has cautioned non-interest financial institutions against governance and compliance risks that could weaken public confidence and threaten financial stability in the country’s expanding Islamic finance sector. The warning was issued in a press statement on Monday after the 2nd Annual Interactive Session between the CBN Financial Regulation Advisory Council of […]

Business

OPay partners CBN to promote financial literacy among youth

OPay, a leading fintech company in Nigeria, partnered with the Central Bank of Nigeria at the Global Money Week 2026 Financial Literacy Fair and Exhibition held on Tuesday, 28th April 2026 at CBN’s headquarters in Abuja. The event, themed “Smart Money Talks,” brought together students from secondary schools across the Federal Capital Territory, including Doveland […]

Diaspora Nigerians to pay ₦80,000 for remote BVN
featured Policy and Regulations

Uphold governance or face sanctions, Cardoso warns bank directors

Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso, on Sunday warned bank directors and industry leaders to strengthen corporate governance or face decisive regulatory action, declaring that “strong governance is the foundation of trust and stability in the financial system.” Vanguard reported that he gave the warning in a keynote address at the […]

Finance

CBN to raise ₦700bn in May treasury bills auction

The Central Bank of Nigeria has announced plans to raise N700 billion through a Nigerian Treasury Bills auction scheduled for May 7, 2026, marking the first issuance for the month and aligning with its second-quarter borrowing calendar. The planned auction was disclosed in an official tender notice issued by the apex bank on behalf of […]

Economy featured

Nigeria’s PMI falls to 49.4 as economy contracts in April

Nigeria’s economic activity slipped into contraction in April 2026 as the Purchasing Managers’ Index fell to 49.4, marking the first decline after 16 consecutive months of expansion. This is according to the latest report released by the Central Bank of Nigeria on Wednesday. The figure, which dropped below the 50-point threshold that separates expansion from […]

Finance

CBN maintains forex restrictions on BDCs over compliance concerns

The Central Bank of Nigeria has maintained restrictions on Bureau De Change operators’ access to the official foreign exchange market, citing concerns over control and past abuses. This is based on insights from forex traders and market operators who spoke to Nairametrics. The development highlights the apex bank’s continued preference for bank-led FX distribution amid […]

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