Tinubu appoints Lamido Yuguda CBN deputy governor
President Bola Ahmed Tinubu has approved the appointment of Lamido Abubakar Yuguda, former Director-General of the Securities and Exchange Commission as Deputy…
CBN
Nigeria maintains growth momentum with February PMI above 56
Nigeria’s economic activity maintained strong growth momentum in February 2026, with the composite Purchasing Managers’ Index rising to 56.4 points. This was…
CBN confirms 30 banks meet recapitalisation targets
Nigeria’s banking sector recapitalisation drive has gained significant traction, with 30 banks already meeting the new minimum capital requirements while three lenders…
Private sector credit drops to N75.24tn in January 2026
Credit extended by Nigerian banks to the private sector fell to N75.24 trillion in January 2026, down from N75.83 trillion in December…
CBN attracts N2.34 trillion treasury bills bid, allocates N1.01tn
The Central Bank of Nigeria received N2.34 trillion in bids at its N1.05 trillion Treasury Bills Primary Market Auction on March 4,…
Liquidity tightens as CBN withdraws N13.41tn from financial system
The Central Bank of Nigeria pulled N13.41 trillion from the financial system in January 2026, almost five times the N2.77 trillion withdrawn…
Net external reserves surge 50.5% to $34.8bn in 2025 — CBN
The Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso, has disclosed that the nation’s net external reserves rose 50.5 per…
Nigeria’s trade surplus rose to $1.28bn in November 2025 — CBN
Nigeria recorded a $1.28 billion trade surplus in November 2025. This represents a 4.1 per cent month-on-month increase compared to the $1.23…
Private sector welcomes CBN’s modest interest rate cut
The Monetary Policy Committee of the Central Bank of Nigeria has reduced the benchmark interest rate to 26.5 per cent, of which,…
Banks raise N4.05tn ahead of March recapitalisation deadline
Banks have secured N4.05tn in verified and approved capital ahead of the March 31, 2026 recapitalisation deadline set by the Central Bank…
CBN slashes interest rate to 26.5%
The Monetary Policy Committee of the Central Bank of Nigeria has reduced the benchmark Monetary Policy Rate to 26.5 per cent. This…
CBN fines banks ₦10m for using unaccredited cheque printers
The Central Bank of Nigeria has imposed a N10 million fine and ordered the withdrawal of cheques from circulation on commercial banks…