CBN, Bank of Angola ink MoU to boost technical collaboration
The Central Bank of Nigeria and the Bank of Angola have signed a Memorandum of Understanding to strengthen bilateral ties and build…
CBN
Nigeria’s trade surplus rises to 6% of GDP — CBN gov
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has announced that Nigeria’s trade surplus has increased to 6 per cent…
Naira now more competitive after reforms – Cardoso
The Governor of the Central Bank of Nigeria, Yemi Cardoso, stated that the Naira has become “more competitive” after months of economic…
CBN’s new PoS policy may kick us out of business – Agents
A new policy from the Central Bank of Nigeria on agent banking is projected to push about 40 per cent of Point-of-Sale…
Alternative payment systems vital for rural communities – CBN
The Central Bank of Nigeria has described alternative payment systems as a vital lifeline for rural populations and underserved communities across the…
Electronic payment transactions hit N384trn in July 2025
Nigeria’s journey toward a fully cashless economy continues to gain momentum as electronic payment transactions surged to N384 trillion in July 2025,…
CBN caps POS agent daily transaction limit at ₦1.2m
The Central Bank of Nigeria has introduced new operational guidelines for agent banking, setting a ₦1.2 million daily transaction cap per Point-of-Sale…
CBN slams N5m fine on agent banking offences
The Central Bank of Nigeria has announced that any agent found engaging in non-permissible activities under its newly revised Agent Banking Guidelines…
CBN orders banks to submit monthly reports on POS agents
The Central Bank of Nigeria has directed all financial institutions to submit detailed monthly reports on the operations of their Point-of-Sale agents.…
CBN reforms create opportunities for MSMEs to thrive – ACCI
The Abuja Chamber of Commerce and Industry has stated that the Central Bank of Nigeria has created opportunities for micro, small and…
MAN urges CBN to cut lending rates below 5%
The Manufacturers Association of Nigeria has continued to bemoan the high interest rates in the country, noting that the situation has placed…
CBN moves to reform fixed income market for transparency
The Central Bank of Nigeria has unveiled plans for a phased overhaul of the Nigerian Fixed Income Market to boost transparency and…