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CBN, Bank of Angola Sign MoU to Strengthen Bilateral Financial Cooperation

The Central Bank of Nigeria (CBN) and the Bank of Angola have signed a Memorandum of Understanding (MoU) aimed at deepening bilateral cooperation and technical exchange between the two financial institutions. The agreement, signed on Thursday, October 16, 2025, seeks to promote

October 17, 2025

News

CBN’s Geo-Tagging Directive: A Threat to Nigeria’s Financial Inclusion?

Dr. Marcel Mbamalu The Central Bank of Nigeria’s recent directive to geo-tag all Point of Sale (POS) machines to a 10-meter accuracy has sparked concerns about the impact on financial inclusion, particularly in rural areas and informal communities. While the move aims

September 3, 2025

Business·News

Nigeria’s Tier-2 Banks Brace for CBN Recapitalisation Shake-Up

Nigeria’s mid-sized banks – Wema Bank, Sterling Bank, First City Monument Bank (FCMB), Stanbic IBTC Bank, and Fidelity Bank – are under mounting pressure to scale up operations as the Central Bank of Nigeria’s (CBN) 2026 recapitalisation deadline looms. A new report

September 2, 2025

Business

CBN Shares Fraud Prevention Tips, Urges Use Of Alternative Payment Channels For Financial Inclusion

The Central Bank of Nigeria (CBN) has shared tips to prevent fraud in financial transactions in the Nigerian banking system. The CBN provided the tips while sensitising Nigerians about the use of alternative payment channels during the maiden edition of its financial

August 13, 2025

Business

CBN Threatens To Sue FX Contract Violators

The Central Bank of Nigeria (CBN) has announced its intention to pursue legal actions against entities found to have violated foreign exchange (FX) forward contract regulations following a comprehensive forensic audit. The CBN made this known in a document titled ‘Frequently Asked

August 8, 2025

Finance & Economy

Nigeria’s Money Supply Drops By 1.2% To N117trn In June

Nigeria’s money supply (M2) declined to N117.5 trillion in June 2025, marking a 1.2 per cent month-on-month (MoM) drop from N118.9 trillion in May 2025. This is according to the latest data from the Central Bank of Nigeria (CBN). This represents the second consecutive monthly decline since April 2025, reflecting tightening liquidity

August 8, 2025

Business·News

Energy, Exchange Rate, Transportation Top Three Drivers Of Inflation In Nigeria – CBN Survey

A recent Central Bank of Nigeria’s (CBN) survey has revealed that respondents identified energy, exchange rate and transportation costs as the top three drivers of inflation in the country. The CBN’s Inflation Expectation Survey aggregated the views of businesses and Nigerian households

July 21, 2025

Finance & Economy

Nigerian Govt Plans To Borrow N1.76trn Through Treasury Bills Sales In Q3 2025

The Central Bank of Nigeria (CBN) has indicated plans to sell Treasury Bills (TBs) in order to raise N1.76 trillion in the third quarter of 2025 (Q3’25) as part of the Federal Government’s borrowing plan for the 2025 budget. Comparing this to the

July 11, 2025

Business·Markets

Naira Records Four-month High Of N1,520 At Official Market

The Nigerian naira on Wednesday, 9 July, recorded a four-month high of N1,520 per dollar at the official foreign exchange market. The last time the naira traded around that range was on 7 March 2025 when it exchanged N1,517.24 for one United States

July 10, 2025

Business·News

CBN Clarifies NRBVN Charges For Nigerians In Diaspora

The Central Bank of Nigeria (CBN) has addressed concerns raised regarding purported hidden charges attached to the newly launched Non-Resident Bank Verification Number (NRBVN) platform. The apex bank affirmed that no hidden fees have been introduced and that the BVN enrolment for Nigerians residing

July 7, 2025

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CBN

CBN, Bank of Angola Sign MoU to Strengthen Bilateral Financial Cooperation

CBN’s Geo-Tagging Directive: A Threat to Nigeria’s Financial Inclusion?

Nigeria’s Tier-2 Banks Brace for CBN Recapitalisation Shake-Up

CBN Shares Fraud Prevention Tips, Urges Use Of Alternative Payment Channels For Financial Inclusion

CBN Threatens To Sue FX Contract Violators

Nigeria’s Money Supply Drops By 1.2% To N117trn In June

Energy, Exchange Rate, Transportation Top Three Drivers Of Inflation In Nigeria – CBN Survey

Nigerian Govt Plans To Borrow N1.76trn Through Treasury Bills Sales In Q3 2025

Naira Records Four-month High Of N1,520 At Official Market

CBN Clarifies NRBVN Charges For Nigerians In Diaspora

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