CBN sets two-day cap on contract suspensions during bank resolutions
The Central Bank of Nigeria has issued fresh guidance clarifying how Sections 34(2)(b) and 40(2) of the Banks and Other Financial Institutions…
CBN
CBN revokes licences of 46 microfinance banks nationwide over violations
The Central Bank of Nigeria has revoked the operating licences of 46 microfinance banks across the country, citing their failure to meet…
CBN orders immediate freeze on terrorism sanctioned accounts
The Central Bank of Nigeria has directed banks, Payment Service Banks and other financial institutions to immediately freeze the accounts and assets…
CBN offers ₦450bn treasury bills at auction
The Central Bank of Nigeria is offering N450 billion worth of Nigerian Treasury Bills for auction on Wednesday, June 17, with the…
Reps recover over ₦521m in unremitted VAT from CBN
The House of Representatives Public Accounts Committee has recovered ₦521,765,134.17 in unremitted Value Added Tax from the Central Bank of Nigeria following…
Sovereign Trust remits ₦1.5bn capital deposit to CBN
Sovereign Trust Insurance Plc has announced the successful remittance of a N1.5 billion statutory capital deposit to the Central Bank of Nigeria…
CBN surpasses target, raises N1.457tn in June treasury bill auction
The Central Bank of Nigeria raised N1.457 trillion at its June 3 Treasury Bills Primary Market Auction, despite strong investor demand that…
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…
Modern payment systems critical to lifting millions out of poverty – Cardoso
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, said on Monday that an efficient payment system is one of the…
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,…
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…
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…