Money supply drops to ₦110.3tn in February
Money supply dropped to ₦110.3 trillion in February, marking a three-month low. This decrease followed the Central Bank of Nigeria’s efforts to…
CBN
65.5% of Nigerians favor lower lending rates – CBN Survey
A recent Household Expectations Survey conducted by the Central Bank of Nigeria in February 2025 has revealed that 65.5% of Nigerians support…
CBN uncovers N2.3m illicit naira dealings
The Central Bank of Nigeria has raised concerns about the rising incidence of illicit transactions involving banknotes, warning that this trend threatens…
Reps order CBN to halt new ATM charges policy
The House of Representatives directed the Central Bank of Nigeria to immediately suspend the implementation of increased ATM transaction charges and the…
CBN raises N2.72trn in T-Bills amid tight monetary policy
The Central Bank of Nigeria has disclosed that the federal government raised N2.72 trillion through Nigerian Treasury Bills in the first two…
CBN opposes EFCC’s bid to seize ₦2.7bn collateral property
The Central Bank of Nigeria has requested the Federal High Court in Abuja to dismiss a forfeiture case initiated by the Economic…
Financial inclusion crucial to national economy – CBN
The Deputy Governor for Financial Systems Stability at the Central Bank of Nigeria, Philip Ikeazor, has emphasized the crucial role of financial…
Cardoso pledges stronger economic ties with Saudi Arabia
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has reaffirmed the bank’s commitment to enhancing economic cooperation between Nigeria and…
CBN holds interest rate at 27.5% amid inflation decline
The Central Bank of Nigeria’s Monetary Policy Committee has unanimously decided to maintain the Monetary Policy Rate at 27.5%. This decision was…
CBN investigates 19.7m dormant bank accounts
The number of dormant bank accounts in Nigeria has exceeded 19.69 million, according to the Nigeria Inter-Bank Settlement System’s industry customer account…
Banks must stock ATMs with cash – CBN
The Central Bank of Nigeria has directed banks to ensure that customers have access to cash at Automated Teller Machines as the…
CBN eyes closer Nigeria-Middle East economic ties
The Governor of the Central Bank of Nigeria, Olayemi Cardoso has stressed the need for closer economic ties between Nigeria and the…