Nigeria’s external debt servicing gulps $2.86b in eight months – CBN
Nigeria spent $2.86 billion on servicing its external debt in the first eight months of 2025, according to new data from the…
CBN
TAJBank surpasses CBN’s capital requirement threshold
TAJBank, one of Nigeria’s fastest-growing non-interest banks, has met the Central Bank of Nigeria’s new minimum capital requirement for national non-interest banks.…
14 banks meet new capital requirement – CBN
The Central Bank of Nigeria has announced that 14 Nigerian banks have fully met the new capital requirement in the ongoing recapitalization…
CBN cuts interest rate to 27%
The Central Bank of Nigeria’s Monetary Policy Committee has lowered the benchmark interest rate to 27.00 percent, marking the first adjustment of…
CBN increases dollar sales to stabilize FX market
The Central Bank of Nigeria has increased its dollar sales to stabilize the foreign exchange market amid declining inflows from key sources.…
CBN reiterates commitment to financial inclusiveness, productivity
The Central Bank of Nigeria has reiterated its unwavering commitment to financial inclusiveness and stimulating productivity towards sustainable economic growth and development…
CBN orders banks to replace MD/CEO three months before exit
The Central Bank of Nigeria has directed Domestic Systemically Important Banks to implement early succession planning for their Managing Directors/Chief Executive Officers…
CBN gov urges banks to boost diaspora remittances to $1bn
Central Bank of Nigeria Governor, Olayemi Cardoso, yesterday, urged Nigerian banks to intensify support for the apex bank’s efforts to grow Diaspora…
We’ll guard Nigeria’s financial system jealously – CBN
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has reiterated the bank’s commitment to fostering economic stability and strengthening the…
CBN unveils compliance unit to boost risk, market oversight
The Central Bank of Nigeria has announced the creation of a dedicated Compliance Department, a move designed to strengthen regulatory oversight and…
CBN uses OMO to curb inflation, support naira stability
The Central Bank of Nigeria is set to roll out fresh liquidity control measures, known as Open Market Operations, to absorb N784…
Globus Bank completes N200bn capital raise ahead of CBN deadline — MD/CEO
Globus Bank has successfully raised ₦200 billion in paid-up capital, meeting the Central Bank of Nigeria’s recapitalisation requirement ahead of the Q1…