CBN

How Nigeria’s External Reserves Rose By 5.6% To $38.8bn In 2024 — CBN

CBN Denies Extending BDC Recapitalisation Deadline, Insists On June 2025

The Central Bank of Nigeria (CBN) has debunked reports claiming it extended the deadline for Bureau De Change (BDC) operators to meet new capitalisation requirements. The apex bank insisted that the deadline

Victor Ezeja

June 12, 2025

Business·Top Stories

CBN Fines Zenith Bank, Fidelity Bank, GTCO, Six Other Banks N16.98bn

The Central Bank of Nigeria (CBN) fined commercial banks N17.35 billion in 2024, with the penalty increasing by N16.98 billion compared to the N369,71 million the financial institutions paid in 2023. According

Prime Business Africa

June 9, 2025

Business·Top Stories

CBN, SEC Fine Access Holdings N1.2bn For Contravening Anti-Money Laundering, Trading Regulations

Access Holdings was fined N1.20 billion by the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) in 2024, more than the N38 million penalty paid in 2023. According

Prime Business Africa

June 6, 2025

Business

CBN Insists On June 3 Recapitalisation Deadline For BDCs

Last-minute efforts by the Bureau De Change (BDC) operators to seek further extension of the deadline for recapitalisation appear to have failed as the Central Bank of Nigeria (CBN) insisted that June

Victor Ezeja

June 3, 2025

Business

CBN’s NRBVN: A Game-changer In Diaspora Remittances, Financial Inclusion – Cardoso

Central Bank of Nigeria (CBN) Governor, Dr Olayemi Cardoso, has said the Non-Resident Bank Verification Number (NRBVN) platform launched recently is a game-changer in facilitating the inclusion of Nigerians abroad into the

Victor Ezeja

June 3, 2025

Business·Finance & Economy

Currency In Circulation Hits N5.01trn As 91.2% Of Cash Remains Outside Banks

Currency in circulation (CIC) in Nigeria rose marginally by 0.24 per cent from N5.003 trillion in March to N5.015 trillion in April 2025. The increase reflects a continued build-up of liquidity in

Victor Ezeja

June 2, 2025

Over 1,500 CBN Staff Will Relocate To Lagos February 2

Business·Top Stories

CBN retains interest rate at 27.5%

The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has retained the monetary policy rate (MPR) at 27.50 percent. Olayemi Cardoso, the governor of the CBN, announced the MPC’s decision

Prime Business Africa

May 20, 2025

71.4% Of Nigerians Call For Interest Rate Reduction – CBN Survey

Business

Don’t Raise Interest Rate Beyond 27.5% – Lawmakers Warn CBN

As the Central Bank of Nigeria (CBN) plans to hold its 300th Monetary Policy Committee (MPC) meeting next week, lawmakers have warned against raising the benchmark interest rate beyond the current 27.5

Victor Ezeja

May 16, 2025

Finance & Economy·Opinion

CBN And The $1 Trillion Economy

The Central Bank of Nigeria (CBN) has keyed into the $1 trillion economy envisioned by President Bola Ahmed Tinubu by 2030. And the global management consulting firm, McKinsey and Co. is sanguine

Arize Nwobu

May 15, 2025

Why CBN Retained Bencmark Interest Rate At 27.5%

Business·News

CBN Unveils Non-Resident BVN, Strengthens Ties With Nigerians In Diaspora

The Central Bank of Nigeria (CBN) has introduced the Non-Resident Bank Verification Number (NRBVN) as part of efforts to strengthen financial inclusion and enhance banking services for Nigerians in the diaspora. The

Victor Ezeja

May 14, 2025

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CBN Denies Extending BDC Recapitalisation Deadline, Insists On June 2025

CBN Fines Zenith Bank, Fidelity Bank, GTCO, Six Other Banks N16.98bn

CBN, SEC Fine Access Holdings N1.2bn For Contravening Anti-Money Laundering, Trading Regulations

CBN Insists On June 3 Recapitalisation Deadline For BDCs

CBN’s NRBVN: A Game-changer In Diaspora Remittances, Financial Inclusion – Cardoso

Currency In Circulation Hits N5.01trn As 91.2% Of Cash Remains Outside Banks

CBN retains interest rate at 27.5%

Don’t Raise Interest Rate Beyond 27.5% – Lawmakers Warn CBN

CBN And The $1 Trillion Economy

CBN Unveils Non-Resident BVN, Strengthens Ties With Nigerians In Diaspora

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