Tag: CBN

Nigerians secured a total of ₦470 billion in personal loans from banks during the last quarter of 2024, according to the Central Bank of Nigeria (CBN) in its recently released ...

The Central Bank of Nigeria (CBN), under the leadership of Governor Olayemi Cardoso, has reaffirmed its commitment to maintaining stability in the foreign exchange (FX) market by identifying and eliminating ...

The Nigerian House of Representatives has called on the Central Bank of Nigeria (CBN) to suspend its recent directive increasing Automated Teller Machine (ATM) withdrawal charges. The lawmakers expressed concern ...

Nigeria’s foreign exchange reserves shrank by $1.31 billion in February 2025, reflecting ongoing external pressures despite the naira’s recent surge against major currencies. According to data from the Central Bank ...

The Central Bank of Nigeria (CBN) has announced the appointment of 16 new directors to oversee critical departments within the institution. Their appointments, which span key regulatory, policy, and supervisory ...

A fintech executive and technology entrepreneur, Tope Dare, has expressed concerns that the Central Bank of Nigeria’s (CBN) newly revised ATM withdrawal fees, set to take effect on March 1, ...

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has reiterated the bank’s dedication to enhancing economic collaboration between Nigeria and the Kingdom of Saudi Arabia. According to a ...

The Central Bank of Nigeria (CBN) has maintained the Monetary Policy Rate (MPR), its benchmark interest rate, at 27.5%. Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso, made ...

The Central Bank of Nigeria (CBN) has issued a directive requiring all banks and financial institutions to publicly disclose information regarding dormant accounts, unclaimed balances, and other financial assets. Banks ...

As the new week unfolds, several significant business developments will shape Nigeria’s economic landscape from February 17 to February 21. Here are the major stories to follow: CBN Schedules MPC ...