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 ...
Tag: CBN
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), ...
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 ...
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 ...
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