CBN, Brazil central bank hold talks to boost economic cooperation
Governor of the Central Bank of Nigeria, Olayemi Cardoso, has engaged in high-level talks with his Brazilian counterpart, Gabriel Muricca Galípolo, to…
CBN
CBN sets deadline for ISO 20022 adoption, geo-tagging compliance
The Central Bank of Nigeria has directed all players in the nation’s payment ecosystem to fully migrate to the ISO 20022 messaging…
External reserves projected to hit $45bn by December
Analysts have forecasted that Nigeria’s external reserves could reach about $45bn by year-end, bolstering the Central Bank of Nigeria’s capacity to stabilise…
CBN reaffirms commitment to boost economy, protect financial consumers
The Central Bank of Nigeria has reaffirmed its commitment to sustaining initiatives that boost economic growth and safeguard consumers in the financial…
CBN to sanction FX violators after forensic audit
The Central Bank of Nigeria says it will impose civil, administrative, or criminal sanctions on parties found to have violated foreign exchange…
CBN holds interest rate at 27.5%
The Central Bank of Nigeria has decided to keep the Monetary Policy Rate unchanged at 27.5 per cent, signaling a continued focus…
Foreign reserves rise to $40.11b – Cardoso
Nigeria’s external reserves have risen to $40.11 billion as of July 2025. This was disclosed by the Central Bank Governor, Yemi Cardoso,…
Rising FAAC payouts threaten inflation control, Cardoso cautions
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has expressed concern over the inflationary pressures resulting from rising liquidity in…
CBN orders banks to submit capital restoration plans
The Central Bank of Nigeria has mandated banks to submit a Capital Restoration Plan as part of its strategy to wind down…
BVN enrolment remains free for Nigerians at home — CBN
The Central Bank of Nigeria has dismissed rumours circulating on social media about the introduction of new or hidden charges for the…
Five banks meet CBN capitalisation requirements ahead of 2026 deadline
At least five Nigerian banks have successfully met the Central Bank of Nigeria’s new capital thresholds as of the end of the…
CBN confirms close monitoring of banks under forbearance
The Central Bank of Nigeria has announced that banks benefiting from forbearance measures are under strict monitoring, as part of ongoing efforts…