CBN

Nigeria’s banks and fintech companies are raising concerns over the Central Bank of Nigeria’s six-month deadline for moving payment transaction data onto local infrastructure, warning that a rushed transition could …

The Central Bank of Nigeria (CBN) is investigating complaints that some commercial banks are restricting customers’ access to funds held in domiciliary accounts, amid growing concerns over delays and limits …

CBN Data Localisation Deadline Puts Bank Cloud Spending Under Pressure Nigeria’s cloud infrastructure has the capacity to support banks as they move payment data and other workloads to local infrastructure …

Banks’ deposits with the Central Bank of Nigeria (CBN), known as the Standing Deposit Facility (SDF), rose to a seven-month high of ₦7.33 trillion a day after the apex bank …

The Central Bank of Nigeria (CBN) has reduced its benchmark interest rate by 350 basis points, cutting the Monetary Policy Rate (MPR) from 26.5 per cent to 23 per cent …

Nigeria recorded a record $947 million in remittance inflows through International Money Transfer Operators (IMTOs) in July 2026, bringing the country closer to the Central Bank of Nigeria’s (CBN) $1 …

With the March 31, 2026 deadline drawing closer, Nigeria’s banking sector is witnessing accelerated activity as lenders race to comply with the Central Bank of Nigeria’s (CBN) recapitalisation requirements. Contrary …

Nigeria’s Deposit Money Banks are increasing efforts to raise fresh capital as the Central Bank of Nigeria intensifies its oversight to build a stronger, more resilient financial system. The apex …

A heated confrontation broke out in the House of Representatives on Wednesday as lawmakers disagreed sharply over which committee should question the Governor of the Central Bank of Nigeria, Olayemi …

The Central Bank of Nigeria has announced major changes to the country’s cash-management rules, removing all limits on how much cash customers can deposit in banks while maintaining strict weekly …