Business

NMDPRA urges Africa to adopt regional fuel pricing

  • 30th July 2026

Seplat sells 10% JV stake to NNPCL for

  • 30th July 2026

BREAKING: Femi Otedola acquires ₦222.20bn First HoldCo shares

  • 30th July 2026

World Bank warns Nigeria risks missing AI revolution

  • 30th July 2026

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NMDPRA urges Africa to adopt regional fuel pricing benchmark

Business

Seplat sells 10% JV stake to NNPCL for $281.6m

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Resident doctors declare indefinite nationwide strike from August 10

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Lagos reopens six steel firms after pollution compliance

Policy and Regulations

Tag: CBN

Banking

Bank customers’ complaints rise 11% as CBN orders ₦19.12bn refund

Bank customers filed more complaints against financial institutions in 2025, prompting the Central Bank of Nigeria to order significant refunds to affected consumers. Bank customers lodged 23,129 complaints against financial institutions in 2025, representing 11 per cent increase over the previous year, prompting the Central Bank of Nigeria, CBN, to order refunds totaling N19.12 billion […]

Business

CBN allots N1.19tn as investors shun short-term treasury bills

Investors in Nigeria’s Treasury Bills market submitted N2.87 trillion in bids for the 364-day instrument at the July 15 primary market auction, more than seven times the N400 billion offered. The 91-day and 182-day bills were undersubscribed, while the Central Bank of Nigeria allocated a total of N1.19 trillion across the three tenors, according to […]

Banking

CBN targets ₦600bn in treasury bills auction today

The Central Bank of Nigeria is targeting to raise N600 billion through a Nigerian Treasury Bills auction scheduled for today, Wednesday, July 15, 2026, in what will be the latest primary market issuance under the apex bank’s Q3 2026 borrowing calendar. Nairametrics reported that the planned auction was disclosed in an official tender notice issued […]

Business

CBN repays N2.97tn in maturing OMO bills

The Central Bank of Nigeria repaid N2.97 trillion in maturing Open Market Operations bills on Tuesday, a day after it conducted a N600 billion OMO auction that saw total allotments of N2.54 trillion across three tenors. The apex bank’s financial data for Tuesday, July 14, also showed it redeemed N17.05 billion from the primary market, […]

Business

MPC member urged CBN to lower lending rates for businesses

The Central Bank of Nigeria has been urged to introduce additional measures to lower lending rates for households and businesses. The call follows concerns that borrowing costs have remained elevated despite the successful completion of the banking sector recapitalisation exercise. The recommendation was contained in the personal statement of Monetary Policy Committee member Professor Murtala […]

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CBN sets two-day cap on contract suspensions during bank resolutions

The Central Bank of Nigeria has issued fresh guidance clarifying how Sections 34(2)(b) and 40(2) of the Banks and Other Financial Institutions Act, 2020 should be applied, setting a maximum suspension period of two business days for certain contractual obligations during the resolution of distressed banks. The clarification was contained in a circular issued on […]

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CBN revokes licences of 46 microfinance banks nationwide over violations

The Central Bank of Nigeria has revoked the operating licences of 46 microfinance banks across the country, citing their failure to meet key regulatory requirements for continued operations. The apex bank disclosed this in a statement issued on Wednesday and signed by its Acting Director of Corporate Communications, Hakama Sidi-Ali. The revocation, which took effect […]

Policy and Regulations

CBN orders immediate freeze on terrorism sanctioned accounts

The Central Bank of Nigeria has directed banks, Payment Service Banks and other financial institutions to immediately freeze the accounts and assets of individuals and companies designated for terrorism and terrorism financing. According to The PUNCH, the directive was contained in a circular dated June 24, 2026, issued by the CBN’s Compliance Department to financial […]

Finance

CBN offers ₦450bn treasury bills at auction

The Central Bank of Nigeria is offering N450 billion worth of Nigerian Treasury Bills for auction on Wednesday, June 17, with the settlement date set for June 18. Nairametrics reported that this is according to the official notice to Primary Money Market Dealers on Tuesday. But this is much lower than the Debt Management Office’s […]

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Reps recover over ₦521m in unremitted VAT from CBN

The House of Representatives Public Accounts Committee has recovered ₦521,765,134.17 in unremitted Value Added Tax from the Central Bank of Nigeria following its ongoing investigation into alleged revenue leakages and outstanding liabilities owed to the Federal Government. The recovery is part of an inquiry initiated by the House following a motion titled “Investigation of Revenue […]

Banking featured

Sovereign Trust remits ₦1.5bn capital deposit to CBN

Sovereign Trust Insurance Plc has announced the successful remittance of a N1.5 billion statutory capital deposit to the Central Bank of Nigeria in compliance with regulatory requirements introduced under the Nigerian Insurance Industry Reform Act 2025. Nairametrics reported that the disclosure was contained in a statement issued by the company’s Deputy General Manager and Head […]

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