The Central Bank of Nigeria (CBN) has warned of a “fake” viral N5,000 banknote circulating on social media. The image, […]
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What You Must Know As CBN Tightens BVN Rules From May 1
As the Central Bank of Nigeria (CBN) is set to roll out a new set of Bank Verification Number (BVN) […]
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BREAKING: CBN Directs Banks To Block Loan Defaulters From Accessing Credit Facilities
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 Governor
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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