Business

FG moves to revive cotton textile industry, create

  • 19th May 2026
Sugar price hits N835,400 per tonne

Sugar industry can create one million jobs, curb

  • 19th May 2026

West, Central Africa commit $27bn to port projects

  • 19th May 2026
Pension funds climb by 22% to N18tn - NAICOM

NAICOM tasks insurers on shift to customer-centric insurance

  • 19th May 2026

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NRS warns tax leakages threaten ₦40tn revenue target

Policy and Regulations

Nollywood’s ‘Call of My Life’ grosses ₦78.2m at weekend

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

CBN offers ₦650bn treasury bills auction on Wednesday

Finance

Togo scraps visa requirements for all African passport holders

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Tag: CBN

Business

CBN strengthens agricultural financing with inauguration of ACGSF board

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has inaugurated a board for the Agricultural Credit Guarantee Scheme Fund in Abuja. Speaking at the event, Cardoso described the move as a “new dawn” for agricultural financing, highlighting the ACGSF as one of Nigeria’s oldest development finance programs and a vital tool for transforming […]

Finance

CBN licenses 82 BDCs to operate in FX market

The Central Bank of Nigeria on Monday announced that it has granted 82 Bureau De Changes final licenses to operate in the foreign exchange market. The CBN disclosed this in a statement signed by its Acting Director Corporate Communication, Dr. Sidi-Ali Hakama. The apex bank warned the public against dealing with unlicensed foreign exchange operators. […]

Business

External reserves surpass $45bn as Nigeria records major FX boost

Nigeria’s external reserves have surpassed $45 billion, according to new figures from the Central Bank of Nigeria. With reserves now at $45.04 billion, the country is recording its strongest position in six years, marking a sharp rebound from earlier levels. Findings indicate that Nigeria’s reserves last reached this level on July 23, 2019, when they […]

Business featured

CBN announces new ATM withdrawal

The Central Bank of Nigeria has updated its cash withdrawal regulations, ending the special authorisation that allowed individuals to withdraw N5 million and corporates N10 million once per month, starting January 2026. In a circular issued Tuesday, December 2, 2025, and signed by the Director of the Financial Policy & Regulation Department, Dr. Rita I. […]

Policy and Regulations

CBN mandates 48-hour reimbursement for e-fraud victims

The Central Bank of Nigeria has ordered banks and other financial institutions to reimburse victims of Authorised Push Payment fraud within 48 hours, marking one of the strongest regulatory moves yet to protect customers from rising electronic fraud in the country. APP fraud occurs when customers are manipulated, persuaded or misled into voluntarily sending money […]

Private sector laments loan repayment as interest rate hits 26.26%
Business

FATF exit saved Nigeria $30bn potential investment — CBN gov

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has stated that Nigeria’s removal from the Financial Action Task Force grey list has prevented the potential loss of over $30 billion in investments Speaking at the annual Bankers’ Dinner in Lagos hosted by the Chartered Institute of Bankers of Nigeria, Cardoso said that the […]

Bankers oppose removal of retained earnings in CBN terms
Finance

CBN projects 2026 disinflation, possible rate cuts

Nigerian central bank Governor Olayemi Cardoso has hinted that the apex bank could resume interest-rate cuts next year, provided inflation continues to cool as expected. “Our models project continued disinflation in 2026, helped by stronger domestic production, improved foreign exchange liquidity, and more disciplined liquidity management,” he told an annual banker’s dinner in Lagos on […]

Diaspora Nigerians to pay ₦80,000 for remote BVN
featured Investment

Foreign investment soars to $21bn in 2025 — Cardoso

Nigeria experienced a significant surge in external investor confidence, with foreign capital inflows reaching $20.98 billion in the first ten months of 2025. This figure, the highest in years, was disclosed by the Central Bank Governor, Mr. Olayemi Cardoso. Speaking at the 2025 Annual Bankers’ Dinner of the Chartered Institute of Bankers of Nigeria in […]

Banking

27 banks in market for recapitalisation funds — Cardoso

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has announced that 27 banks have sought to raise additional capital from the market since the new recapitalisation exercise commenced. In March 2024, the CBN mandated new capital thresholds, requiring commercial banks to significantly increase their capital bases. International banks must reach ₦500 billion, national […]

Osun resubmits state's nomination for bank role, challenges CBN’s rejection
Economy

Nigeria’s PMI hits 56.4 as private sector expansion rises

Nigeria’s private sector expansion gained further momentum in November 2025, as the key Purchasing Managers’ Index indicator climbed to 56.4. This marks a stronger, broad-based uptick in economic activity, cementing a year of steady recovery. The Central Bank of Nigeria’s latest PMI report confirms a twelfth straight month of private sector expansion in November, with […]

Banking featured

CBN orders immediate withdrawal of non-compliant financial adverts

The Central Bank of Nigeria has ordered all financial institutions to immediately remove any non-compliant advertising and promotional materials that violate consumer-protection and fair-marketing regulations. The directive was issued in a November 27, 2025 circular, signed by Olubunmi Ayodele-Oni for the Director of the CBN’s Compliance Department. The CBN’s decision follows an industry review that […]

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