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,…
CBN
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…
CBN orders struggling banks to halt dividends, bonuses
The Central Bank of Nigeria has mandated banks under regulatory forbearance to halt dividend payouts, postpone executive bonuses, and suspend investments in…
CBN denies extension of BDC recapitalisation deadline
The Central Bank of Nigeria has denied reports suggesting that the deadline for the recapitalisation of Bureau De Change operators has been…
CBN commits to long-term stability through sustained reforms
The Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso, has reiterated the bank’s dedication to restoring investor confidence and ensuring…
ICYMI: Cash outside banks declines again as tightening continues
Currency held outside Nigeria’s banking system declined for the second consecutive month in 2025, falling to ₦4.57 trillion in April from ₦4.60…
Private sector credit hits ₦77.9tn in April 2025
Credit to Nigeria’s private sector climbed to ₦77.9 trillion in April 2025, up from ₦76.2 trillion in March, according to the latest…
Foreign trade payments climb to $267.96m – CBN
Nigeria’s settlement of foreign trade transactions via Letters of Credit rose by 3.68% year-on-year to $267.96 million in the first four months…