House of Representatives to Investigate Excessive Bank Charges in Nigeria
The Nigerian House of Representatives has launched an inquiry into what it calls “arbitrary, excessive, and unjustified” deductions from customers’ ...
Tag: CBN
Surge in Bank Deposits at CBN Reflects Robust Liquidity, Reaches N146.13 Trillion in 2025
Commercial banks’ deposits with the Central Bank of Nigeria (CBN) skyrocketed by 568.7% year-on-year, climbing to N146.13 trillion in the ...
Nigerian Stock Market Gains Momentum After CBN’s First Rate Cut in Five Years
The Nigerian stock market closed last week on a high, driven by the Central Bank of Nigeria’s (CBN) Monetary Policy ...
CBN Warns Naira Abuse Drives Up Currency Printing Costs
The Central Bank of Nigeria (CBN) has expressed concern over the rising costs of printing and replacing naira banknotes due ...
Naira Depreciates to N1,493/$1 as CBN Cuts Interest Rate
The Nigerian naira experienced a slight decline in value on September 23, 2025, closing at N1,493.2 per US dollar in ...
Nigerian Banks Achieve Capital Requirements as CBN Adjusts Monetary Policy
The Central Bank of Nigeria (CBN) announced that 14 commercial banks have successfully met the new capital requirements set during ...
CBN’s Upcoming MPC Meeting: Experts Predict Modest Rate Cut of 25–50 Basis Points
The Central Bank of Nigeria (CBN) is poised to convene its 302nd Monetary Policy Committee (MPC) meeting on September 22–23, ...
CBN Mandates Early Succession Planning for Bank Leaders
The Central Bank of Nigeria (CBN) has introduced a new directive requiring Domestic Systemically Important Banks (DSIBs) to plan the ...
Nigeria’s Industrial Sector Contracts in August 2025, CBN Reports
Nigeria’s industrial sector experienced a downturn in August 2025, with the Central Bank of Nigeria’s (CBN) Purchasing Managers Index (PMI) ...
CreditPRO Finance Secures CBN License to Boost SME Support Across Nigeria
CreditPRO Finance Company Limited has earned a significant milestone by securing a license from the Central Bank of Nigeria (CBN), ...
