Tag: CBN
13th Global Awards: Nigeria’s CBN scoops Central Bank of the year title
Although progress has been made, the CBN says challenges still remain, such as maintaining low inflation and completing banking reforms.
CBN sets age limit, One-time phone change in new BVN rules
Financial institutions are also required to create a temporary watchlist for BVNs linked to suspicious transactions. Such BVNs can remain…
Reactivating Dormant Accounts Just Got Easier – CBN announces new rules
The CBN also addressed concerns about data privacy and stated that the disclosure requirements comply with Nigerian data protection laws.
Why the CBN Is Managing the Naira’s Rise Carefully
Many observers assume that policymakers should celebrate a sharply rising currency. A stronger naira reduces the cost of imports and…
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…