Seven big Nigerian banks have reported a combined ₦18.82 trillion in restricted deposits with the Central Bank of Nigeria (CBN) as at March 31, 2025. This is a 7.3 percent …
Dr Sidi Ould Tah, a renowned economist and national of Mauritania, has been elected as the new President of the African Development Bank (AfDB). He will take over from Nigeria’s …
The Central Bank of Nigeria (CBN) has decided to keep its interest rate steady at 27.5 per cent. This decision was announced after the bank’s 300th Monetary Policy Committee (MPC) …
The Central Bank of Nigeria (CBN) has released a draft document to modernise how banks and other financial institutions fight money laundering. In a circular dated May 20, 2025, the …
The Central Bank of Nigeria (CBN) has decided to maintain the Monetary Policy Rate (MPR), also known as the interest rate, at 27.50 per cent. This announcement was made by …
The Central Bank of Nigeria (CBN) has denied social media and online reports suggesting that one of the banks under its regulation is facing distress. In a statement released on …
The Central Bank of Nigeria (CBN) has launched a new digital platform to help Nigerians living abroad access banking and financial services without needing to come home physically. This new …
The Central Bank of Nigeria (CBN) is now taking tougher actions in the foreign exchange market, aiming to stop speculators and bring more stability to the naira. These fresh efforts …
Nigeria’s bond market is currently facing serious challenges as investor interest has dropped due to fear of rising interest rates and uncertainty in the economy. The Central Bank of Nigeria, …
The Central Bank of Nigeria (CBN) has reduced its Ways and Means advances to the Federal Government by 59 percent, signalling a new phase of fiscal discipline under the leadership …