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…
CBN
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…
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…
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…
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…
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…
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,…
32 banks meet revised capital requirements, CBN confirms
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, announced that 32 Nigerian banks have met the revised minimum capital requirements…
CBN cuts treasury bill rates amid ₦8trn liquidity
The Central Bank of Nigeria cut rates on longer-dated Treasury bills at its March 25 auction, even as investors poured N2.7 trillion…
Nigeria’s banks maintain strong liquidity despite CBN N2.36tn OMO withdrawal
Nigeria’s banking system liquidity remained above N8 trillion despite the Central Bank of Nigeria withdrawing N2.36 trillion through its Open Market Operations,…
CBN to review court ruling on Union Bank, confirms stability
The Central Bank of Nigeria announced that it will review the recent court ruling concerning Union Bank of Nigeria Plc, emphasizing that…
Court nullifies CBN’s dissolution of Union Bank board
Justice Chukwujekwu Aneke of the Federal High Court sitting in Lagos on Wednesday nullified the January 2024 dissolution of the board and…