Nigerian Banks Brace for Profit Squeeze as CBN Phases Out Forbearance Measures
The Central Bank of Nigeria (CBN) has initiated a gradual rollback of forbearance measures introduced during the COVID-19 pandemic, signaling ...
Tag: CBN
CBN Stands Firm on BDC Recapitalisation Deadline, Rejects Extension Rumors
The Central Bank of Nigeria (CBN) has categorically dismissed reports suggesting an extension of the recapitalisation deadline for Bureau De ...
NDIC Begins Payout of Premier Commercial Bank Liquidation Dividends After 25 Years
The Nigeria Deposit Insurance Commission (NDIC) has started distributing liquidation dividends to creditors of Premier Commercial Bank, which was closed ...
Energy Costs Blamed as Primary Driver of Inflation, Says CBN Survey
The Central Bank of Nigeria (CBN) has revealed that businesses across the country overwhelmingly attribute Nigeria’s persistent inflation crisis to ...
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 ...
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 ...
