CBN posts N38.8b profit in 2024, erasing 2023’s N1.15tn loss
The Central Bank of Nigeria has published its 2024 audited financial statements, reporting a profit after tax of N38.8 billion, marking a…
CBN
CBN raises N804.85b in OMO auction amid strong investors demand
The Central Bank of Nigeria successfully raised N804.85 billion through its Open Market Operations auction on April 29, 2025, amid high investor…
CBN orders banks to adopt PAPSS for cross-border transactions
The Central Bank of Nigeria has issued a directive requiring all banks in the country to integrate the Pan-African Payment and Settlement…
CBN raises over ₦1tn at OMO auction amid liquidity surge
The Central Bank of Nigeria raised ₦1.008 trillion at its OMO auction on Friday, April 25, 2025, after strong investor demand led…
Private sector credit hits N76.27tn in March – CBN
Credit to Nigeria’s private sector rose slightly to ₦76.27 trillion in March 2025, representing a 0.03% increase from ₦76.25 trillion in February…
Currency outside banks hit ₦4.6trn in March – CBN
The total value of currency held outside Nigeria’s banking system in March rose to ₦4.6 trillion, representing 91.9% of the ₦5.00 trillion…
CBN, NGX unveil reforms to boost global investment
Nigeria’s financial regulators and market operators recently gathered at Nasdaq MarketSite in New York to share the country’s economic outlook, focusing on…
Cardoso reiterates CBN’s commitment to transparent monetary reforms
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, on Friday held a thought-provoking discussion with Nobel Prize-winning economist Dr. James…
CBN’s secret shoppers to monitor BDCs for compliance
The Central Bank of Nigeria has announced plans to introduce a secret shopper programme to assess compliance by Bureau De Change operators…
CBN warns banks to strengthen sanctions compliance framework
The Central Bank of Nigeria has issued a fresh directive to banks, payment service banks, and fintech firms, warning them to strengthen…
CBN permits Ascensia Finance to operate in Nigeria
The Central Bank of Nigeria has granted Ascensia Finance Company Limited final approval to operate as a finance company in Nigeria. This…
CBN warns banks against sourcing capital from illicit channels
The Central Bank of Nigeria has cautioned deposit money banks against sourcing capital from illicit channels as part of the ongoing recapitalization…