Tag: CBN
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…
NCC, CBN to unveil refund framework for failed airtime, data transactions
The framework represents a unified position by both the telecommunications and financial sectors on addressing such complaints.
Naira weakens against dollar at official market
The naira began the week stronger, appreciating by N2.59 at the official window on Monday.
‘Why CBN revoked operating licences of Aso savings, Union homes’
CBN said Aso Savings and Loans Plc and Union Homes Savings and Loans Plc violated various sections of regulations guiding…
CBN Data: Naira rebounds after week of mild losses
Data released by the Central Bank of Nigeria (CBN) showed that the local currency closed at N1,454.41 to the dollar,…
New Banking Rules: How the CBN’s withdrawal limits affect you
The CBN has completely removed the limit on cash deposits. This means customers can now deposit any amount of money…
CBN celebrates milestone as foreign reserves jump to $46.8bn
According to the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, this is the highest level the country…
SERAP demands answers over missing N3trn in CBN account
“Nigerians have the right to know the whereabouts of the public funds. Taking the recommended measures would advance the right…
CBN gives reasons for stability in Naira exchange rate
The exchange rate had climbed to about N1,800 to a dollar at the height of market volatility but had stabilised…
Naira depreciates again as CBN records 1.04% weekly decline
Despite the mixed performance, Nigeria’s foreign reserves continued to grow, reaching $43.32 billion as of November 6, 2025.
CBN told to introduce ₦10,000, ₦20,000 notes
illustrate the extent of the currency’s decline, the report compared prices from 2005 to 2025: a kilogram of imported rice…
CBN survey shows Nigerians still expect prices to rise despite slight economic optimism
Businesses and households in Nigeria have listed high interest rates, multiple taxes, and poor infrastructure as the biggest challenges they…