The Central Bank of Nigeria (CBN) has asked commercial banks to restrict loan defaulters, specifically large-ticket obligors, from accessing credit […]
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BREAKING: Tinubu Appoints New CBN Deputy GovernorÂ
President Bola Ahmed Tinubu has approved the appointment of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of […]
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JUST-IN: CBN Cuts Interest Rate To 26.5%
The Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (MPR) by 50 basis points to 26.5 per […]
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External Reserves Jump To $48.37bn, Gain $2.47bn In 1 Month
Nigeria’s external buffers strengthened further in February 2026 as its foreign reserves climbed sharply to $48.37 billion, highlighting sustained inflows […]
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CBN Approves BDCs’ Return To Forex Market, Allows Purchase Of Up To $150,000 Weekly
The Central Bank of Nigeria (CBN) has authorised licensed Bureau De Change (BDC) operators to resume participation in the Nigerian […]
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FLASH: CBN Takes Fresh Step On Opay, Palmpay, Moniepoint, Kuda
The Central Bank of Nigeria (CBN) has granted national operating licences to several fast-growing fintech firms and microfinance banks, paving […]
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BREAKING: CBN Scraps Cash Deposit Limits, Raises Weekly Withdrawal Threshold
The Central Bank of Nigeria (CBN) today removed the limit on cash deposits and raised the weekly cash withdrawal […]
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Nigeria’s Economic Recovery Strengthened As Foreign Reserves Hit Seven-year High
Nigeria’s economic recovery is gaining traction, with the Central Bank of Nigeria (CBN) reporting that the country’s external foreign-exchange reserves […]
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CBN Orders Immediate Withdrawal Of Misleading Bank Advertisements In Nigeria
The Central Bank of Nigeria (CBN) has directed all banks, payment service banks, and other regulated financial institutions to immediately […]
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CBN Proposes Five-year Ban On Repeat Dud Cheque Offenders
The Central Bank of Nigeria has proposed stricter sanctions for individuals who repeatedly issue dud cheques, including an automatic five-year […]
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