Business

FG moves to revive cotton textile industry, create

  • 19th May 2026
Sugar price hits N835,400 per tonne

Sugar industry can create one million jobs, curb

  • 19th May 2026

West, Central Africa commit $27bn to port projects

  • 19th May 2026
Pension funds climb by 22% to N18tn - NAICOM

NAICOM tasks insurers on shift to customer-centric insurance

  • 19th May 2026

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NRS warns tax leakages threaten ₦40tn revenue target

Policy and Regulations

Nollywood’s ‘Call of My Life’ grosses ₦78.2m at weekend

Entertainment featured
CBN fines Moniepoint, OPay ₦1bn in regulatory crackdown

CBN offers ₦650bn treasury bills auction on Wednesday

Finance

Togo scraps visa requirements for all African passport holders

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Tag: CBN

Nigeria's treasury bills rate hit 13.9%
Finance

CBN allots ₦894bn treasury bills, demand hits ₦2.36tn

The Central Bank of Nigeria allotted a total of N894.17 billion at its Treasury Bills Primary Market Auction held on Wednesday, April 22, 2026, amid strong investor demand and stable stop rates across all maturities. The auction results seen by Nairametrics on Wednesday show that total subscriptions surged to N2.36 trillion, significantly exceeding the N750 […]

Scams

CBN warns Nigerians against fraudulent messages, online scams

The Central Bank of Nigeria has intensified its campaign against cyber fraud, cautioning Nigerians over a noticeable increase in fake messages and online scams, while at the same time reaffirming the strength and resilience of the nation’s financial system. In an advisory issued on April 21, 2026, through its spokesperson, Hakama Sidi Ali, the apex […]

Finance

CBN introduces new Nigerian overnight financing rate benchmark

The Central Bank of Nigeria and Financial Markets Dealers Associations have introduced the Nigerian Overnight Financing Rate as the new money market benchmark to promote consistent pricing of money market instruments. According to Vanguard, the CBN disclosed this Friday in a circular signed by its Acting Director, Corporate Communication, Mrs. Hakama Ali. “The Central Bank […]

featured Finance

CBN bars under-18s from BVN registration starting May 1

The Central Bank of Nigeria has restricted Bank Verification Number enrolment to persons aged 18 years and above as part of new amendments to its regulatory framework for BVN operations in the banking industry. Tribune reported that the apex bank disclosed this in a circular issued to all banks, other financial institutions and payment service […]

CBN fines Moniepoint, OPay ₦1bn in regulatory crackdown
Business

CBN warns banks against excessive risk-taking after recapitalisation

The Central Bank of Nigeria has cautioned that stronger capital buffers must not encourage excessive risk-taking, advising bank boards to reassess their risk appetite frameworks and ensure capital is deployed in ways that support long-term value creation. The apex bank issued the warning after the completion of the banking sector recapitalisation exercise, which significantly improved […]

Business

CBN to recapitalise, restructure DFIs to support MSMEs

The Central Bank of Nigeria has announced plans to recapitalise and restructure development finance institutions to help bridge the growing financing gap for micro, small, and medium enterprises. Deputy Governor for Economic Policy, Muhammad Sani Abdullahi, disclosed this during a panel at the launch of the World Bank’s Nigeria Development Update in Abuja on Tuesday. […]

CBN fines Moniepoint, OPay ₦1bn in regulatory crackdown
Business

CBN plans FX manual to boost market transparency

The Deputy Governor of the Central Bank of Nigeria, Muhammad Abdullahi, announced that the regulator will soon roll out a new foreign exchange manual designed to boost inflows and enhance stability in the currency market. Speaking on Tuesday at the Nigeria Development Update event hosted by the World Bank in Abuja, Abdullahi said the initiative […]

Banking

CBN forensic audit exposes irregularities in Union Bank takeover

Fresh details have emerged regarding the circumstances that led to the regulatory intervention in Union Bank of Nigeria, with a forensic audit report alleging wide-ranging financial irregularities under the bank’s former owners and directors. The Central Bank of Nigeria had in January 2024 dissolved the bank’s board and management, citing the need to safeguard financial […]

Banking featured

CBN completes bank recapitalisation, raises N4.65trn

The Central Bank of Nigeria on Wednesday said it has concluded the banking sector recapitalisation programme, with 33 deposit money banks raising a total of N4.65 trillion in fresh capital to strengthen balance sheets and bolster the resilience of the financial system. The CBN announced the conclusion of the recapitalisation programme in a statement signed […]

Economy

PMI hits 53.2 points as Nigeria’s economy expands in March

Nigeria’s economy strengthened in March 2026, as the composite Purchasing Managers’ Index reached 53.2 points, the Central Bank of Nigeria reported. The reading marks the sixteenth consecutive month of expansion in overall economic activity. The data highlights sustained resilience across major sectors despite persistent macroeconomic challenges. Of the 36 subsectors surveyed, 31 showed growth, reflecting […]

CBN fines Moniepoint, OPay ₦1bn in regulatory crackdown
Business

CBN confirms 33 banks meet new capital requirements

The Central Bank of Nigeria has announced that 33 banks have successfully met the new minimum capital thresholds set under its recently completed recapitalisation programme, a significant step toward strengthening Nigeria’s financial system. According to the apex bank, the 24-month exercise mobilised a total of N4.65 trillion, lifting capital adequacy ratios across the industry above […]

Naira closes week stronger at N1,534.72/$ 
Business

CBN’s new diaspora remittance rules to open market

The Central Bank of Nigeria’s new reforms on diaspora remittances aim to break entrenched monopolies in the foreign exchange market, increase inflows, and enhance transparency. The President of the Association of Bureau De Change Operators of Nigeria, Aminu Gwadabe, made this disclosure on Friday that the central bank’s policy marks a crucial move toward liberalising […]

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