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Tag: CBN

Business

CBN grants BDCs FX market access with $150,000 weekly cap

The Central Bank of Nigeria has approved licensed Bureau De Change operators to participate in the Nigerian Foreign Exchange Market, allowing each BDC to purchase up to $150,000 weekly. The approval was disclosed in a circular dated February 10, 2026, signed by Dr. Musa Nakorji, Director of the Trade and Exchange Department, and addressed to […]

How FG can boost Nigeria's digital growth - Analyst
Telecommunications

CBN, NCC propose 30-minute refund for failed transactions

The Central Bank of Nigeria and the Nigerian Communications Commission have jointly proposed a strict 30-minute timeline for refunding subscribers in cases of failed airtime and data purchase transactions. This proposal forms part of the “Exposure Draft of the Joint CBN–NCC Framework for Resolution of Failed Airtime and Data Purchase Transactions” released on Monday. The […]

has presented its 2024 Regulatory Impact Assessment, a comprehensive review aimed at overhauling existing telecom regulations
Business

CBN, NCC partner to curb airtime, data transaction failure

The Central Bank of Nigeria and the Nigerian Communications Commission have proposed routine joint audits of banks, telecom operators and other ecosystem players under a new national framework to curb persistent failures in airtime and data purchase transactions. The plan is outlined in an exposure draft jointly issued by both regulators on February 5, 2026, […]

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

CBN sets dates for 304th monetary policy committee meeting

The Central Bank of Nigeria has scheduled its 304th Monetary Policy Committee meeting for Monday and Tuesday, February 23–24, 2026. The announcement was made in a circular posted on the CBN’s official website on Monday. The meeting is set against the backdrop of the bank’s ongoing efforts to control inflation, stabilise the foreign exchange market, […]

Finance

BoI secures CBN approval for non-interest banking window

The Bank of Industry has received regulatory approval from the Central Bank of Nigeria to operate a Non-Interest Banking Window. This development marks a significant milestone in the bank’s growth and long-term development agenda. A statement from the bank explained that the approval authorises BoI to commence Non-Interest Banking operations. It positions the bank to […]

Economy featured

CBN reports 14th straight month of economic expansion

Nigeria’s economic activity sustained a strong growth momentum in January 2026 as the Central Bank of Nigeria’s composite Purchasing Managers’ Index climbed to 55.7 points, signalling expansion for the fourteenth consecutive month. This is according to the latest Purchasing Managers’ Index report released by the Central Bank of Nigeria. The data points to broad-based improvement […]

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

CBN to release open banking roadmap within three months

The Central Bank of Nigeria plans to release an implementation roadmap for Open Banking within three months, targeting the resolution of technical gaps in the nation’s financial ecosystem. This information was highlighted in the newly published CBN Fintech Report 2025, which details recent developments in the fintech sector. Recall, the CBN introduced its Open Banking […]

Business featured

CBN to release landmark fintech survey report Monday

The Central Bank of Nigeria is set to release a landmark fintech survey report on Monday, February 2. The report provides rare insight into the nature and depth of the apex bank’s engagement with Nigeria’s fast-growing fintech sector. Nairametrics gathered that the report is based on a nationwide survey of fintech operators, complemented by stakeholder […]

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

CBN approves two-month window for use of expired import licences

The Central Bank of Nigeria has approved a temporary measure allowing importers to use expired National Agency for Food and Drug Administration and Control licences for import documentation, providing relief to businesses affected by ongoing system transitions in Nigeria’s trade processing framework. In a circular dated January 26, 2026, and issued by its Trade and […]

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

CBN upgrades fintech, MFB licences to national status

The Central Bank of Nigeria has elevated the licences of some FinTech companies and Microfinance Banks operating across the country to national status. The announcement was made by the Director of the Other Financial Institutions Supervision Department at the CBN, Yemi Solaja, at the recently concluded annual conference of the Committee of Heads of Banks’ […]

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