CBN

The World Bank and the International Monetary Fund (IMF) have called on the Central Bank of Nigeria (CBN) to remain steadfast in controlling inflation. Nigeria’s inflation rate increased to 34.8 …

Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has unveiled a comprehensive strategy to tackle on-going commoditization of the naira, with the objective of reinstating its status as …

The governor of the Central Bank of Nigeria, Olayemi Cardoso has said the bank’s foreign reserves grew significantly by $6bn in 2024 alone, attributing the growth to the policy reforms …

The Central Bank of Nigeria (CBN) has fined First Bank, Union Bank, and seven other lenders for failing to disburse cash via Automated Teller Machines (ATMs) during the Christmas and …

Telecommunications operators are set to suspend Unstructured Supplementary Service Data (USSD) services in two weeks due to the failure of deposit money banks (DMBs) to settle a long-standing N250 billion …

The Central Bank of Nigeria (CBN) has introduced two new financial instruments: the Non-Resident Nigerian Ordinary Account (NRNOA) and the Non-Resident Nigerian Investment Account (NRNIA). This, according to the bank, …

Nigeria’s Broad Money Supply (M2) soared by 51% year-on-year (YoY) to reach N108.96 trillion in November 2024, fueled by increasing domestic borrowings by the Federal Government, according to the Central …

Riding on the back of domestic borrowings by the Federal Government from the private sector, Nigeria’s Broad Money Supply (M2) increased by 51 per cent Year-on-Year, YoY, to N108.96 trillion …

The Central Bank of Nigeria and the Nigerian Communications Commission have directed Deposit Money Banks and Mobile Network Operators to settle the long-standing N250bn USSD debt dispute. The directive, titled …

The Central Bank of Nigeria (CBN) has introduced a new policy to strengthen its drive towards a cashless economy, setting a daily maximum transaction cash-out limit of N100,000 per customer …