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AMCON recovers N165bn from bank debtors in H1

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Tag: CBN

Economy

Foreign exchange reserves rise by $1.22bn in May – CBN

Nigeria’s external reserves rose by about $1.22 billion in May 2026, closing the month at $49.58 billion, according to data from the Central Bank of Nigeria. Figures released by the apex bank show that gross reserves increased from $48.36 billion on April 30, 2026, to $49.58 billion by May 29, 2026, representing a month-on-month gain […]

Banking

CBN mops up ₦5.42tn from fresh OMO auction

The Central Bank of Nigeria absorbed N1.945 trillion from the financial system through its Open Market Operations auction conducted on May 29, 2026, as part of efforts to sterilise excess liquidity ahead of an anticipated N3.35 trillion inflow from maturing OMO and Treasury Bills securities. Nairametrics reported that results from the latest OMO auction revealed […]

Banking

Bad loans hit 8% after CBN’s regulatory forbearance withdrawal

Bad loans in Nigeria’s banking sector increased to 8.03 per cent in January 2026, seven months after the Central Bank of Nigeria began winding down regulatory forbearance granted to banks on certain credit exposures and breaches of single obligor limits. The PUNCH reported that according to the CBN’s January 2026 Economic Report, the industry’s non-performing […]

Business

CBN extends PoS geo-fencing enforcement deadline

The Central Bank of Nigeria has extended the enforcement of its Point-of-Sale terminal geo-fencing requirement to August 1, 2026, giving financial institutions and payment service providers more time to comply with the regulation aimed at improving oversight of electronic payment channels. The directive was contained in a circular dated May 29, 2026, which was obtained […]

Opinion

NGX boss urges CBN to prioritise capital market growth

Group Managing Director/CEO, Nigerian Exchange Group, Temi Popoola, has urged the Central Bank of Nigeria’s Monetary Policy Committee to treat capital market development as a macroeconomic necessity. He argued that the effectiveness of monetary policy increasingly depends on the depth, liquidity, and coherence of Nigeria’s financial markets. Vanguard reported that Popoola made this call in […]

Economy

Cash outside banks drops ₦104bn after CBN rate cut

Cash held outside Nigeria’s banking system declined by N104.76 billion between February and April 2026 following the Central Bank of Nigeria’s decision to cut interest rates at its first Monetary Policy Committee meeting of the year, fresh data from the apex bank has shown. Figures obtained from the CBN’s money and credit statistics revealed that […]

Business

CBN mops up N3.69tn in massive liquidity tightening move

The Central Bank of Nigeria intensified its liquidity tightening drive on May 21, 2026, conducting one of its largest single-session Open Market Operations auctions and absorbing N3.692 trillion through two debt instruments. In the OMO auction results released by the apex bank the investor appetite far exceeded supply, with subscriptions reaching N3.692 trillion against a […]

Finance

Court grants CBN sole ownership of eNaira platform

The Federal High Court sitting in Abuja, on Friday, granted the Central Bank of Nigeria sole ownership rights to the eNaira digital currency platform. The court, in a judgment delivered by Justice James Omotosho, issued an order of perpetual injunction to restrain a private firm, eNaira Payment Solutions Limited, from further parading itself as the […]

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

CBN allots N829bn in treasury bills amid strong investor appetite

The Central Bank of Nigeria sold a total of N829.32 billion worth of Treasury Bills at its Primary Market Auction held on Tuesday, May 20, 2026, with the 364-day instrument attracting the largest share of allotments. Auction results obtained by Nairametrics on Wednesday showed that investor demand remained strong, as total subscriptions surged to about […]

Finance

CBN retains MPR rate at 26.5% amid rising inflation

The Monetary Policy Committee of the Central Bank of Nigeria has voted to retain the Monetary Policy Rate at 26.5 per cent following its 305th meeting. The decision was reached at the latest MPC session, with 11 members in attendance. CBN Governor Olayemi Cardoso announced the decision on Wednesday at the conclusion of the meeting […]

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