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CBN - Page 3

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

Opinion

Naira Cash-spraying Crackdown: Cultural Policing or Economic Necessity?

In recent months, Lagos has witnessed a sharp intensification of the crackdown on spraying naira notes at social events, with the Economic and Financial Crimes Commission (EFCC) leading enforcement efforts to uphold currency integrity. In April 2025, popular Lagos socialite Emeka Okonkwo,

July 1, 2025

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

Business

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 remains 3 June 2025, as earlier communicated. Prime Business Africa

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 to Prime Business Africa’s findings, CBN fined nine banks, out

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 to the company’s consolidated and separate financial statements for the

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 3 remains sacrosanct. The Association of Bureau De Change Operators

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 country’s financial system and boosting diaspora remittances. In a statement

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 the economy despite monetary tightening efforts by the Central Bank

June 2, 2025

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 at a press conference on Tuesday after the panel’s 300th

May 20, 2025

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CBN - Page 3

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

CBN Clarifies NRBVN Charges For Nigerians In Diaspora

Naira Cash-spraying Crackdown: Cultural Policing or Economic Necessity?

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%

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