CBN Mandates ISO 20022 Compliance and Terminal Geo-Tagging by October 31
The Central Bank of Nigeria (CBN) has set an October 31, 2025, deadline for all payment ecosystem participants, including Deposit ...
Tag: CBN
CBN Unveils Customers’ Bill of Rights to Boost Banking Trust and Inclusion
The Central Bank of Nigeria (CBN) has launched a Customers’ Bill of Rights to enhance protections for over 66.23 million ...
Nigeria’s Foreign Reserves Hit $41 Billion, Highest in Nearly Four Years
Nigeria’s foreign exchange reserves have surged to $41 billion, the highest level in 44 months, according to new data published ...
High Interest Rates Squeeze Nigerian Corporates, Raising Costs Despite Lower Debt
Nigeria’s leading listed companies are facing a financial bind, with sharply rising interest expenses despite efforts to reduce debt, driven ...
CBN Fair Promotes Financial Inclusion Through Alternative Payment Channels
The Central Bank of Nigeria (CBN) hosted its inaugural financial services fair in Lagos, emphasizing the adoption of alternative payment ...
CBN Signals Legal Action Against Forex Contract Violators Post-Audit
The Central Bank of Nigeria (CBN) is poised to initiate legal proceedings against entities that breached foreign exchange (FX) forward ...
CBN Plans Legal Action Against Forex Violators After Audit Uncovers Irregularities
The Central Bank of Nigeria (CBN) has signaled its intent to impose civil, administrative, or criminal penalties on parties found ...
CBN Holds Policy Rates Steady Amid Global Economic Challenges
The Central Bank of Nigeria (CBN) maintained its key monetary policy instruments at the July 2025 Monetary Policy Committee (MPC) ...
Naira Strengthens to N1,535/$ as Forex Reforms and Dollar Supply Boost Stability
The naira has shown significant strength, appreciating to N1,535 per dollar in the parallel market on July 29, 2025, from ...
CBN’s Steady Rates Bolster Forex Stability and Ease Inflation, Analysts Say
The Central Bank of Nigeria’s (CBN) decision to maintain the Monetary Policy Rate (MPR) at 27.50% is expected to sustain ...
