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
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…
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 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…