Nigeria’s FX Reserves Dip by $263m, Ending Six-Month Growth Run
Nigeria’s foreign exchange reserves have recorded their first decline in nearly six months, falling by $263.15 million to $45.21 billion ...
Tag: CBN
CBN Shuts Down Thousands of Street BDCs in Sweeping Clean-Up
The Central Bank of Nigeria has drawn a hard line: any bureau de change operator that did not upgrade its ...
Central Bank Urged to Scrap Outdated Bank Reference Requirement for Account Opening
A growing chorus of voices within Nigeria’s financial sector is calling on the Central Bank of Nigeria (CBN) to abolish ...
CBN Tightens Cash Withdrawal Limits, Scraps High-Value Special Permits from January 2026
The Central Bank of Nigeria (CBN) has announced a major overhaul of nationwide cash withdrawal rules, abolishing the special monthly ...
CBN Drafts Tough New Rules to Shield Nigerians from Authorised Push Payment Scams
The Central Bank of Nigeria (CBN) has moved to tackle the surge in “authorised push payment” (APP) fraud by releasing ...
Nigeria Attracts Record $21 Billion in Foreign Capital in First 10 Months of 2025 – CBN
Nigeria’s external finances have recorded their strongest performance in years, with foreign capital inflows hitting $20.98 billion between January and ...
Private Sector Credit Surges by N1.89trn in October Following CBN’s First Rate Cut in Five Years
Nigeria’s private sector borrowing recorded its strongest monthly expansion in 2025, rising by nearly N1.89 trillion in October, according to ...
CBN Claws Back N2 Trillion from Decade-Old Intervention Loans, Vows No More “Father Christmas” Policies
Central Bank of Nigeria Governor Olayemi Cardoso on Tuesday revealed that the apex bank has recovered roughly N2 trillion from ...
CBN Refuses to Blink: Holds MPR at 27% Despite Business Outcry Over Crushing Borrowing Costs
In a decision that will deepen the pain for Nigerian businesses already reeling from sky-high interest rates, the Central Bank ...
CBN Moves to Crack Down on Serial Dud Cheque Issuers with Renewable Five-Year Bans
The Central Bank of Nigeria (CBN) has unveiled tough new measures aimed at curbing the persistent misuse of cheques, including ...
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