CBN’s BDC Recapitalization Deadline Lapses, Endangering 3 Million Jobs
On June 3, 2025, the Central Bank of Nigeria’s (CBN) recapitalization deadline for Bureau De Change (BDC) operators expired, with ...
Tag: CBN
Olayemi Cardoso Named Central Bank Governor of the Year at 2025 African Banker Awards
On May 30, 2025, Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), was honored as Central Bank Governor ...
Private Sector Credit in Nigeria Surges to N77.9 Trillion in First Quarter of 2025
On May 30, 2025, the Central Bank of Nigeria (CBN) reported that private sector credit rose to N77.9 trillion in ...
Nigeria’s Letters of Credit Payments Climb to $267.96 Million in 2025, CBN Reports
Nigeria’s foreign trade transactions facilitated through Letters of Credit (LCs) increased by 3.68% year-on-year, reaching $267.96 million in the first ...
CBN Introduces Draft Standards for Automated Anti-Money Laundering Solutions
The Central Bank of Nigeria (CBN) has unveiled a draft document titled “Baseline Standards for Automated Anti-Money Laundering (AML) Solutions” ...
CBN Holds Firm at Increasing MPR: Double Edge Sword
On May 20, 2025, the Central Bank of Nigeria (CBN), led by Governor Olayemi Cardoso, concluded its 300th Monetary Policy ...
Otedola Invests ₦320bn in First Bank, Citing Tinubu and CBN Reforms
Billionaire businessman and Chairman of First Holdco Plc, Femi Otedola, has revealed that his decision to invest over ₦320 billion ...
CBN Sets 12-Month Deadline for New AI-Driven AML Rules
The Central Bank of Nigeria (CBN) has unveiled a draft framework aimed at revolutionizing the nation’s approach to anti-money laundering ...
Naira Strengthens Amid FX Stability and Monetary Reforms
The Nigerian naira showed continued strength this week, appreciating to N1,625/$1 on the parallel market on Wednesday, slightly up from ...
Mounting Concerns as CBN Maintains Interest Rate at 27.5%
Amid ongoing economic instability and global trade tensions, the Central Bank of Nigeria (CBN) has decided to retain its benchmark ...
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