Tag: CBN
Breaking: Tinubu nominates ex-SEC Boss Yuguda as CBN Deputy Governor
Before his nomination, Yuguda served as the Director-General of the Securities and Exchange Commission (SEC) from 2020 to 2024, where…
CBN data shows Nigeria’s money supply drops to ₦123.36tn
Despite the slight month-to-month drop, the money supply is still significantly higher compared to the same period last year, showing…
Naira slides for second week, hits N1,393 against dollar
The continued weakening of the local currency comes despite efforts by the Central Bank of Nigeria to stabilise the market.…
Forex Alert: CBN buys $190M to slow Naira’s rapid rise
Analysts also said higher oil prices, increasing foreign reserves, and ongoing economic reforms are helping to keep the naira stable…
Breaking, Business, Top Stories
CBN cuts Interest Rate again to 26.5%
Other key parameters were left unchanged, with the Cash Reserve Ratio retained at 45 per cent for commercial banks and…
Single African Currency: Nigeria to host African Central Bank, boost continental Influence
Nigeria’s permanent seat on the AMI Board will last only during the transition period before the African Central Bank is…
Customs rejects N1,451/$ claim, Insists CBN sends official rates
The NCS assured importers, exporters, licensed customs agents, and international partners that its valuation process remains accurate, transparent, and in…
CBN hits banks with N10m fine over unaccredited cheque printers
The regulator said the updated framework is aimed at strengthening compliance, improving cheque security features and safeguarding the integrity of…
CBN issues strong warning against naira abuse
She assured the stakeholders of the apex bank’s dedication to maintaining economic stability and strengthening structural reforms.
Naira appreciates further against dollar
Market watchers also expect movements of the Naira to remain gradual in the near term, as authorities balance reforms with…
CBN sounds alarm over Nigeria’s foreign-dependent fintech
The CBN said its focus on domestic funding, regulatory updates, and innovation infrastructure aims to make Nigeria not only a…
CBN raises red flag over fintech boom, warns of stability risks
The report further revealed that 62.5 per cent of surveyed fintech firms operate or plan to expand into other African…
Opay, Palmpay, Moniepoint get CBN upgrade
“Most of their customers operate in the informal sector. They need a clear point of contact if any issues arise.”
ATM Woes: CBN prepares fresh debit card rules
ATM Woes: CBN prepares fresh debit card rules
The 2026 Nigerian bank recapitalization: where does your bank stand?
The CBN set a high bar of ₦500 billion for international banks and ₦200 billion for National banks. Crucially, this…