Nigerian banks raise ₦4.61trn ahead of recapitalisation deadline
Nigerian banks have raised a combined N4.61 trillion in fresh capital ahead of the March 31, 2026, banking recapitalisation deadline. This was…
CBN
CBN gov urges stronger African cooperation on cross-border risks
The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has urged African financial regulators to strengthen cooperation in managing cross-border…
Banks race to meet CBN recapitalisation March 31 deadline
Banks are in a last-minute push to meet the Central Bank of Nigeria’s recapitalisation deadline. The apex bank is expected to make…
Nigeria’s CBN named ‘Central Bank of the Year’ globally
The Central Bank of Nigeria has been named Central Bank of the Year by Central Banking magazine. This recognition is in honour…
Excess cash floods banking system as liquidity hits N8.06tn
Nigeria’s banking system liquidity rose sharply to N8.06 trillion as commercial banks parked more funds at the Central Bank of Nigeria’s Standing…
CBN to raise N1.05tn in treasury bills auction
The Central Bank of Nigeria plans to raise N1.05 trillion through a Treasury Bills auction today, March 18, pushing the federal government’s…
CBN orders banks to expand ATM network nationwide
The Central Bank of Nigeria has instructed banks and other card issuers to significantly expand the deployment of Automated Teller Machines nationwide,…
CBN signals possible capital raise for banks after stress tests
The Central Bank of Nigeria has indicated that Nigerian banks may need to raise additional capital depending on the outcome of a…
CBN tightens BVN rules, restricts phone number changes to one
The Central Bank of Nigeria has mandated all banks and other financial institutions to establish and maintain a temporary watchlist for Bank…
CBN orders banks to bar loan defaulters from new credit
The Central Bank of Nigeria has directed commercial banks to block loan defaulters, particularly large-ticket borrowers, from accessing new credit facilities. A…
Banks deposit nearly N7tn at CBN amid persistent liquidity surplus
Nigeria’s deposit money banks held nearly N7 trillion in excess liquidity at the Central Bank of Nigeria’s Standing Deposit Facility as of…
Nigeria’s economy strong against Middle Eastern tensions — Cardoso
Central Bank Governor Olayemi Cardoso has assured that Nigeria’s ongoing macroeconomic reforms have fortified the economy against potential shocks from escalating Middle…