3 h. ago CBN’s reforms restoring macroeconomic stability, confidence — Cardoso to investors

Nigeria’s central bank governor Olayemi Cardoso has assured international investors that the Bank’s reforms are gradually ensuring macroeconomic stability and read more CBN’s reforms restoring macroeconomic stability, confidence — Cardoso to investors

Economics

5 h. ago CBN’s FX market transformation attracts global investor confidence

Nigeria’s foreign exchange (FX) market having undergone a dramatic transformation under the current leadership of the Central Bank of Nigeria read more CBN’s FX market transformation attracts global investor confidence

Politics

6 h. ago Paris Club refund: Melrose files contempt suit against CBN’s Cardoso, others

From Godwin Tsa, Abuja Melrose General Services Limited has initiated contempt proceedings against Central Bank of Nigeria (CBN) Governor Olayemi Cardoso and Legal Services Director Salam-Alada Kofo for allegedly failing to comply with a Supreme Court judgement. The 2024 ruling reversed the forfeiture of ₦1.222 billion and ₦220 million linked to the Paris Club refund. […] The post Paris Club refund: Melrose files contempt suit against CBN’s Cardoso, others appeared first on The Sun Nigeria.

Politics

9 h. ago CBN Showcases Reform Progress, Investment Opportunities In New York

As global financial leaders gather ahead of the 2025 International Monetary Fund (IMF) and World Bank Spring Meetings, the Central Bank of Nigeria (CBN), in collaboration with J.P. Morgan and the Nigerian Exchange Group (NGX), hosted a high-level investment forum at the Nasdaq MarketSite, focusing squarely on Nigeria’s macroeconomic outlook and reform agenda. Themed “The […]

Politics

10 h. ago Higher FX inflows coming as CBN drives export products competitiveness in global markets

The Central Bank of Nigeria (CBN) is taking strategic measures to support Nigerian businesses in enhancing their competitiveness through capacity read more Higher FX inflows coming as CBN drives export products competitiveness in global markets

Politics

30 h. ago CBN governor Cardoso declares bold monetary reform in talk with Robinson

Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, on Friday, held a pivotal exchange with renowned economist and read more CBN governor Cardoso declares bold monetary reform in talk with Robinson

Politics

57 h. ago PwC says CBN must maintain tightening to stabilise naira, curb inflation

The Central Bank of Nigeria (CBN) may maintain a hawkish monetary stance this year with “elevated interest rate” to shore read more PwC says CBN must maintain tightening to stabilise naira, curb inflation

Politics

61 h. ago Bank recapitalisation holds key to unlocking Nigeria’s $1trn economy

The Central Bank of Nigeria (CBN’s) decision to embark on recapitalisation of banks was to align monetary, fiscal policies with read more Bank recapitalisation holds key to unlocking Nigeria’s $1trn economy

Politics

64 h. ago CBN: Bank recapitalisation aligns monetary, fiscal policies with FG’s economic vision

By Michael Nwadike The Central Bank of Nigeria (CBN’s) decision to embark on the recapitalisation of banks was to align monetary, fiscal policies with the Federal Government’s vision of prosperity for Nigerians and the economy. The recapitalisation which is underway, is recording significant successes, with the raising of capital by many banks and a surge […] The post CBN: Bank recapitalisation aligns monetary, fiscal policies with FG’s economic vision appeared first on The Sun Nigeria.

Politics

3 d. ago Ponzi scheme: Court seizes N6.6bn Livingtrust shares, N42.4m linked to Cititrust

Justice F. N. Ogazi of the Federal High Court sitting in Ikoyi, Lagos, has ordered the final forfeiture of 2,041,087,747 units of shares in Livingtrust Mortgage Bank Plc, formerly known as Omoluabi Mortgage Bank Plc, valued at N6,674,356,932.69. The court also ordered the forfeiture of N42,461,096.66 and $26.44, all traced to Cititrust Holdings Plc and Read More

Politics

3 d. ago Court orders final forfeiture of Livingtrust Mortgage Bank’s N6.6bn shares, N42.4m, $26.44 in Lagos

From Sola Ojo, Abuja On Tuesday, April 15, Justice F.N. Ogazi of the Federal High Court in Ikoyi, Lagos, ordered the final forfeiture of 2,041,087,747 units of Livingtrust Mortgage Bank Plc shares, valued at N6,674,356,932.69, along with N42,461,096.66 and $26.44 in funds. The Economic and Financial Crimes Commission (EFCC) traced these assets to Cititrust Holdings […] The post Court orders final forfeiture of Livingtrust Mortgage Bank’s N6.6bn shares, N42.4m, $26.44 in Lagos appeared first on The Sun Nigeria.

Politics

5 d. ago Recapitalisation, tariff war: No cause for alarm, banks on sound footing –CBN

• UBA GMD lists hurdles to achieving $1trn economy From Uche Usim and Adanna Nnamani, Abuja As the race for commercial banks’ recapitalisation peaks and the global commerce landscape quakes in the face of the raging US-China tariff war, the Central Bank of Nigeria (CBN) has assured Nigerians not to panic as the local financial […] The post Recapitalisation, tariff war: No cause for alarm, banks on sound footing –CBN appeared first on The Sun Nigeria.

Politics

6 d. ago $1trn economy: CBN insists banking sector essential to power Nigeria’s growth

…says investors responding to FX stability Abuja|| As the race for bank recapitalisation intensifies, the Central Bank of Nigeria (CBN) read more $1trn economy: CBN insists banking sector essential to power Nigeria’s growth

Politics

7 d. ago Enugu Chamber Urges CBN To Implement Sustainable Policies For Local Businesses

The Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA) has urged the Central Bank of Nigeria (CBN) to take more decisive actions to support the survival of indigenous businesses. Chief Odeiga Jideonwo, ECCIMA’s President, made this call during the CBN Special Day at the 36th Enugu International Trade Fair on Saturday. Jideonwo acknowledged the […] The post Enugu Chamber Urges CBN To Implement Sustainable Policies For Local Businesses appeared first on Information Nigeria.

Politics

8 d. ago Wike, Cardoso, others bankroll ICSAN’s N3.5bn good governance project 

By Henry Uche   Minister of the Federal Capital Territory (FCT), Abuja, Nyesom Wike, the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, and other prominent Nigerians from both the public and private sectors would tomorrow, 14th April, bankroll a N3.5 billion National Secretariat project of the Institute of Chartered Secretaries and Administrators of […] The post Wike, Cardoso, others bankroll ICSAN’s N3.5bn good governance project  appeared first on The Sun Nigeria.

Politics

9 d. ago CBN: Nigeria’s economy on recovery path as PMI hits 52.3 index points

By Chinwendu Obienyi Nigeria’s economic outlook appears to be on a path of gradual recovery as the Central Bank of Nigeria (CBN) reported a steady improvement in the country’s Purchasing Managers’ Index (PMI), which rose to 52.3 index points in March 2025, up from 51.4 index points recorded in February. The rise signals the third […] The post CBN: Nigeria’s economy on recovery path as PMI hits 52.3 index points appeared first on The Sun Nigeria.

Politics

1 week ago Nigeria Posted $6.83bn Balance Of Payment Surplus In 2024 — CBN

The Central Bank of Nigeria (CBN) has announced a Balance of Payments (BOP) surplus of $6.83 billion for the 2024 financial year, marking a decisive turnaround from deficits of $3.34 billion in 2023 and $3.32 billion in 2022, according to a statement issued by the apex bank on Wednesday. “This improvement reflects the impact of […]

Politics

1 week ago Nigeria posts $6.83bn balance of payments surplus in 2024 – CBN

…Says signals economic resurgence Personal remittance rise to $20.9bn The Central Bank of Nigeria (CBN) has announced a Balance of read more Nigeria posts $6.83bn balance of payments surplus in 2024 – CBN

Politics

1 week ago Reps commence probe of N1.12trn Anchor Borrowers fund, others

By Ndubuisi Orji, Abuja The House of Representatives Committee on Nutrition and Food Security has started investigating the ₦1.12 trillion disbursed by the Central Bank of Nigeria (CBN) through the Anchor Borrowers Programme (ABP). The probe also covers other federal government agricultural initiatives from 2017 to 2024. Committee Chairman Chike Okafor spoke at the first […] The post Reps commence probe of N1.12trn Anchor Borrowers fund, others appeared first on The Sun Nigeria.

Politics

2 w. ago FX market: CBN injects $198 million to boost liquidity, stabilize trading

From Adanna Nnamani, Abuja In a move to stabilize the foreign exchange market and ensure adequate liquidity, the Central Bank of Nigeria (CBN) on Friday, intervened by injecting US$197.71 million through sales to Authorized Dealers. CBN Director, Financial Markets Department, Omolara Duke in a circular at the weekend, said that the intervention was necessary due […] The post FX market: CBN injects $198 million to boost liquidity, stabilize trading appeared first on The Sun Nigeria.

Politics