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BP ousts chairman amid concerns over conduct, oversight

  • 26th May 2026

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BP ousts chairman amid concerns over conduct, oversight

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Tag: CBN

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 […]

Finance

CBN retains MPR rate at 26.5% amid rising inflation

The Monetary Policy Committee of the Central Bank of Nigeria has voted to retain the Monetary Policy Rate at 26.5 per cent following its 305th meeting. The decision was reached at the latest MPC session, with 11 members in attendance. CBN Governor Olayemi Cardoso announced the decision on Wednesday at the conclusion of the meeting […]

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 […]

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