Tag: CBN Policy

Banking

CBN sets April 30 deadline for banks’ stress test reports

Nigeria’s lenders are under pressure to meet an April 30 deadline set by the Central Bank of Nigeria to submit Board-approved Risk-Based Capital stress test reports, marking a tougher phase of oversight after the industry’s recapitalisation exercise. The directive, issued March 6, 2026 requires banks to assess how their capital positions would hold up under […]

Policy and Regulations

CBN orders banks to file cybersecurity reports within three weeks

The Central Bank of Nigeria has directed banks and other financial institutions to submit detailed reports on their cybersecurity frameworks within three weeks in a move to strengthen oversight and safeguard the financial system against rising digital threats. In a circular to Deposit Money Banks, Payment Service Banks, Microfinance Banks, fintechs and other regulated entities, […]

Policy and Regulations

MANEG raises alarm over CBN policy favouring oil firms

Manufacturers under the aegis of the Manufacturers Association of Nigeria Export Group have raised concerns over what they described as a policy imbalance by the Central Bank of Nigeria, following its recent decision to allow International Oil Companies unfettered access to repatriate 100 per cent of their export proceeds. The apex bank last week scrapped […]