CBN unveils draft to boost anti-money laundering compliance
The Central Bank of Nigeria has introduced a draft framework to revolutionize anti-money laundering practices across the nation’s financial sector, targeting enhanced…
CBN
CBN retains MPR at 27.5% for second time in 2025
The Monetary Policy Committee of the Central Bank of Nigeria has retained the Monetary Policy Rate at 27.50% for the second time…
Nigerian banking sector remain safe, CBN dismisses distress report
The Central Bank of Nigeria has confirmed the stability and safety of the country’s banking sector amid circulating unverified social media reports…
CBN cuts FG loans by over N4tn
The Central Bank of Nigeria experienced a significant decline of N4.145 trillion in net loans and receivables in 2024, mainly due to…
Diaspora Nigerians to pay ₦80,000 for remote BVN
Nigerians living abroad will now be required to pay $50 (approximately ₦80,000) to obtain a Non-Resident Bank Verification Number, following the recent…
CBN, NIBSS partner to launch BVN platforms for Nigerians abroad
The Central Bank of Nigeria in partnership with the Nigeria Inter-Bank Settlement System has unveiled the Non-Resident Bank Verification Number platform, a…
CBN schedules 300th MPC meeting for May 19-20
The Central Bank of Nigeria has announced that the 300th meeting of its Monetary Policy Committee will be held on Monday, May…
CBN warns public against fake contracts, grants, intervention fund scams
The Central Bank of Nigeria has issued a fresh warning to the public, cautioning against individuals and groups fraudulently claiming to represent…
PAPSS hails CBN’s move to simplify transaction documentation in Nigeria
The Pan-African Payment and Settlement System has welcomed a new circular from the Central Bank of Nigeria, which simplifies the documentation requirements…
CBN allocates N306bn for staff severance, related costs
The Central Bank of Nigeria disclosed that it spent N306.63 billion in 2024 on staff expenses and exit packages for former employees…
Naira printing costs surge by 306%
The Central Bank of Nigeria spent ₦315.18 billion on currency issue expenses in 2024, representing a sharp 306% increase from the ₦77.67…
Foreign debt cleanup costs CBN N13.9tn in 2024 – Report
The Central Bank of Nigeria reported a 13.9 trillion naira ($9 billion) loss in 2024, driven by the settlement of overdue derivatives…