14 h. ago Council Funds: Osun Govt Contests Jurisdiction Of Abuja Court

A legal battle began yesterday at the Federal High Court, Abuja, with the Osun State government challenging the transfer of a suit from the Osogbo Division of the court to the Abuja. The suit seeks to restrain the Central Bank of Nigeria (CBN) from opening accounts for the chairmen elected on the platform of the […]

Politics

32 h. ago Cardoso signals possible rate cuts as inflation cools, capital flows strengthen

Olayemi Cardoso, governor, Central Bank of Nigeria (CBN) has said there is room for interest rates to fall as inflation read more Cardoso signals possible rate cuts as inflation cools, capital flows strengthen

Politics

36 h. ago Cardoso signals rate cuts as inflation cools, capital flows strengthen

Central Bank of Nigeria (CBN) governor Olayemi Cardoso has hinted that interest rates could fall as inflation eases and capital read more Cardoso signals rate cuts as inflation cools, capital flows strengthen

Politics

36 h. ago CBN creates new unit to tackle bank risks, protect customers

Tribune Online CBN creates new unit to tackle bank risks, protect customers The Central Bank of Nigeria (CBN) has set up a new Compliance Department to improve supervision of financial institutions and strengthen the fight against risks in the banking sector. The department, which started operations in the second quarter of 2025, will now handle areas that were previously managed by different CBN units. According to Olubunmi […] CBN creates new unit to tackle bank risks, protect customers Tribune Online

Economics

4 d. ago CBN Strengthens Regulatory Oversight With Compliance Department

The Central Bank of Nigeria (CBN) has announced the establishment of a dedicated Compiance Department as part of ongoing reforms to enhance regulatory effectiveness and streamline supervisory responsibilities. According to a circular signed by Olubunmi Ayodele-Oni, the new department was created in the first quarter of 2025 with full operational responsibilities commencing in the second […]

Politics

4 d. ago CBN strengthens banking sector surveillance with new compliance department

The Central Bank of Nigeria (CBN) has established a dedicated Compliance Department as part of efforts to enhance regulatory oversight read more CBN strengthens banking sector surveillance with new compliance department

Politics

4 d. ago Osun ALGON accuses CBN of replacing civil servants with APC members as signatories to LG bank accounts

The Association of Local Governments of Nigeria (ALGON), Osun State chapter, has accused the Central Bank of Nigeria (CBN) of colluding with members of the All Progressives Congress (APC) to illegally open bank accounts in the names of local governments. At a press conference held in Osogbo yesterday, the state ALGON chairman, Sarafadeen Awotunde, flanked […] The post Osun ALGON accuses CBN of replacing civil servants with APC members as signatories to LG bank accounts appeared first on The Sun Nigeria.

Politics

4 d. ago Trump’s Fed Pick Plans To Keep White House Job While At Central Bank

Stephen Miran, who chairs the White House Council of Economic Advisers (CEA), said the reason for this unusual arrangement is because he is filling a short-term vacancy. The post Trump’s Fed Pick Plans To Keep White House Job While At Central Bank appeared first on Channels Television.

Politics

4 d. ago Nigeria, China Strengthen Ties On Development Of Marine Sector

The Nigerian government and the People’s Republic of China have agreed to partner on projects and polices for the development of the Nigeria’s Marine and Blue Economy sector. This was revealed when the Minister of Marine and Blue Economy, Adegboyega Oyetola received the Chinese Ambassador to Nigeria, Yu Dunhai, at the ministry’s headquarters in Abuja. […]

Politics

5 d. ago Fintech, Financial Inclusion Fusion To Deepen Banking, Insurance Penetration – Experts

As the country struggles to increase financial inclusion of the currently unbanked Nigerians, experts said fintech was an avenue to speed up the process, such that those excluded could be included via digital banking and insurance platforms. The experts, who spoke at the 2nd Business Journal Fintech & Financial Inclusion Roundtable 2025 in Victoria Island, […]

Politics

7 d. ago Reforms: FG Hails CBN, Diasporans For $600m Monthly Remittances

Diaspora remittance inflows tripled to $600 million monthly over the past two months, according to statistics from the Central Bank of Nigeria. The post Reforms: FG Hails CBN, Diasporans For $600m Monthly Remittances appeared first on Channels Television.

Politics

7 d. ago PoS Operators Lament CBN’s Geofencing Plan, Say Will Reduce Turnover

Operators have lamented the Central Bank of Nigeria (CBN) directive that all point of sale (PoS) terminals be geofenced, insisting that the new rule will reduce their transaction volume. The CBN mandated all participants in the nation’s payments ecosystem to migrate fully to the ISO 20022 messaging standard and geo-tag all payment terminals before October […]

Politics

7 d. ago Nigeria, Colombia strengthen ties with BASA, security cooperation, agric agreements

From Juliana Taiwo-Obalonye, Abuja Nigeria’s Minister of Foreign Affairs, Yusuf Tuggar, and Colombia’s Deputy Minister for Multilateral Affairs, Mauricio Jassir, have emphasised the growing bilateral ties between the two countries, underscoring a shared commitment to inclusive growth, expanded trade, security cooperation and multilateral engagement. In a press conference held on the sidelines of the meeting […] The post Nigeria, Colombia strengthen ties with BASA, security cooperation, agric agreements appeared first on The Sun Nigeria.

Politics

7 d. ago Nigeria, Colombia strengthen ties with BASA, security cooperation and agric agreements

From Juliana Taiwo-Obalonye, Abuja Nigeria’s Minister of Foreign Affairs, Yusuf Tuggar, and Colombia’s Deputy Minister for Multilateral Affairs, Mauricio Jassir, have emphasised the growing bilateral ties between their countries, underscoring a shared commitment to inclusive growth, expanded trade, security cooperation, and multilateral engagement. In a press conference held on the sidelines of the meeting between […] The post Nigeria, Colombia strengthen ties with BASA, security cooperation and agric agreements appeared first on The Sun Nigeria.

Politics

8 d. ago ‘Serious Danger’ If Trump Controls US Monetary Policy — ECB Chief

Trump is seeking to remove Federal Reserve governor Lisa Cook in a move that critics say aims to fill the central bank with officials who will support his calls for lower interest rates. The post ‘Serious Danger’ If Trump Controls US Monetary Policy — ECB Chief appeared first on Channels Television.

Politics

8 d. ago FX Stability, Capital Inflows Drive N26trn Gain In Stock Market

Analysts on the Nigerian capital market have attributed the equities performance of N26.01 trillion gain in eight months to various factors, including foreign exchange stability, recovery of companies from FX losses, stronger market liquidity, and increased capital inflows. They also cited the dominance of domestic investors, increased portfolio investments, the Central Bank of Nigeria’s recapitalisation […]

Politics

8 d. ago Naira strengthens as CBN confirms $600m monthly forex inflows

Tribune Online Naira strengthens as CBN confirms $600m monthly forex inflows The naira gained ground on Friday, August 29, closing at N1,531.57 per dollar in the Nigerian Foreign Exchange Market (NFEM), up from N1,535.47 per dollar the previous day. This represents an appreciation of N4.47 for the local currency. Data from the Central Bank of Nigeria (CBN) showed that the exchange rate improvement also narrowed the […] Naira strengthens as CBN confirms $600m monthly forex inflows Tribune Online

Politics

8 d. ago Union Bank of Nigeria Completes Merger with Titan Trust Bank

Union Bank of Nigeria, one of the nation’s longest-standing financial institutions, has announced the successful completion of its merger with Titan Trust Bank Limited, following final approval from the Central Bank of Nigeria (CBN). This milestone, according to a statement from the bank’s Chief Brand and Marketing Officer, Mrs. Olufunmilayo Aluko,  concludes a process that […] The post Union Bank of Nigeria Completes Merger with Titan Trust Bank appeared first on The Sun Nigeria.

Politics

1 week ago CBN, Brazil central bank strengthen ties on fintech, financial stability, remittances

Olayemi Cardoso, governor, Central Bank of Nigeria (CBN), has engaged in high-level talks with his Brazilian counterpart, Gabriel Muricca Galípolo, read more CBN, Brazil central bank strengthen ties on fintech, financial stability, remittances

Politics

1 week ago Banks face capital discipline tests as CBN’s grace window narrows

By Chinwendu Obienyi As Nigeria’s banking sector races toward the end of the Central Bank of Nigeria’s (CBN) regulatory forbearance regime, a new signal from Fitch Ratings has underlined the high stakes for lenders still struggling to meet prudential requirements. CBN forbearance is basically a temporary relief or waiver that it gives to banks (and […] The post Banks face capital discipline tests as CBN’s grace window narrows appeared first on The Sun Nigeria.

Politics