6 h. ago We’re monitoring remaining banks to ensure full recapitalisation compliance – CBN

From Adanna Nnamani, Abuja The Central Bank of Nigeria (CBN) has said it is closely monitoring banks yet to meet the recapitalisation target to ensure full compliance with the regulatory directive aimed at strengthening the nation’s financial system. Acting Director, Corporate Communications of the Bank, Mrs Hakama Ali, disclosed this during the CBN Special Day […] The post We’re monitoring remaining banks to ensure full recapitalisation compliance – CBN appeared first on The Sun Nigeria.

Politics

13 h. ago Naira gains momentum as FX speculations decline, reserves hit $43bn

Tribune Online Naira gains momentum as FX speculations decline, reserves hit $43bn The Nigerian naira is staging its strongest comeback in years, fueled by surging foreign reserves, declining speculative activities in the foreign exchange market, and sweeping reforms introduced by the Central Bank of Nigeria (CBN). The currency, which had been battered by years of volatility and sharp depreciation, is now regaining investor confidence and market credibility, […] Naira gains momentum as FX speculations decline, reserves hit $43bn Tribune Online

Politics

31 h. ago Perspectives on CBN’s plan to take full control of fixed income market

By Rasak Adeboye The Central Bank of Nigeria (CBN) has announced that from November 3rd, settlement of fixed income securities read more Perspectives on CBN’s plan to take full control of fixed income market

Politics

46 h. ago How CBN’s easing aligns with global monetary trends — Experts

Tribune Online How CBN’s easing aligns with global monetary trends — Experts The Central Bank of Nigeria (CBN) has cut its benchmark interest rate, the Monetary Policy Rate (MPR), to 27 percent... How CBN’s easing aligns with global monetary trends — Experts Tribune Online

Politics

50 h. ago Economic reforms have restored investor confidence, stabilised Naira — CBN

Tribune Online Economic reforms have restored investor confidence, stabilised Naira — CBN The Central Bank of Nigeria (CBN) has said that its sweeping monetary and foreign exchange reforms over the past Economic reforms have restored investor confidence, stabilised Naira — CBN Tribune Online

Economics

60 h. ago NDIC Warns Against Ponzi Schemes, Urges Vigilance In Financial Transactions

The Nigeria Deposit Insurance Corporation (NDIC) has cautioned Nigerians to be wary of Ponzi schemes and fraudulent investment platforms, stressing that only funds kept with licensed banks under the Central Bank of Nigeria (CBN) regulation are insured. The managing director/chief executive of the NDIC, Thompson Oludare Sunday, gave the warning on Thursday during the corporation’s […]

Events

61 h. ago CBN to take control of fixed income trading and settlement platform by December

The Central Bank of Nigeria (CBN) says it will assume direct oversight of the country’s fixed income trading and settlement read more CBN to take control of fixed income trading and settlement platform by December

Politics

64 h. ago Tinubu to CBN: Create endowment fund to sustain National Theatre

By Chukwuma Umeorah President Bola Tinubu has directed the Central Bank of Nigeria (CBN) and the Bankers’ Committee to establish an endowment fund to ensure the sustainability of the newly re-commissioned National Arts Theatre, now renamed the Wole Soyinka Centre for Culture and Creative Arts. Tinubu gave this directive in Lagos on Wednesday while speaking […] The post Tinubu to CBN: Create endowment fund to sustain National Theatre appeared first on The Sun Nigeria.

Politics

3 d. ago AFRIMA hails Tinubu, CBN, bankers’ committee over National Theatre revamp

Tribune Online AFRIMA hails Tinubu, CBN, bankers’ committee over National Theatre revamp The All Africa Music Awards (AFRIMA), in partnership with the African Union Commission (AUC), has praised President Bola Ahmed Tinubu, the Central Bank of Nigeria (CBN), and the Bankers’ Committee for their role in revamping and reopening the National Theatre in Iganmu, Lagos. AFRIMA described the restoration of the 1976 landmark as a major step […] AFRIMA hails Tinubu, CBN, bankers’ committee over National Theatre revamp Tribune Online

Politics

3 d. ago Nigeria’s current account surplus rises to $5.28bn as reserves hit six

From Adanna Nnamani, Abuja Nigeria’s current account surplus jumped to $5.28 billion in the second quarter of 2025, up from $2.85 billion recorded in the first quarter, reflecting stronger external resilience and improved foreign exchange inflows. The Central Bank of Nigeria (CBN) disclosed this on Tuesday in a Frequently Asked Questions (FAQ) document published on […] The post Nigeria’s current account surplus rises to $5.28bn as reserves hit six-year high appeared first on The Sun Nigeria.

Politics

3 d. ago Tinubu directs CBN to create endowment fund to sustain National Theatre

By Chukwuma Umeorah President Bola Tinubu has directed the Central Bank of Nigeria (CBN) and the Bankers’ Committee to establish an endowment fund to ensure the sustainability of the newly re-commissioned National Arts Theatre, now renamed the Wole Soyinka Centre for Culture and Creative Arts. Tinubu gave this directive in Lagos on Wednesday, October 1, […] The post Tinubu directs CBN to create endowment fund to sustain National Theatre appeared first on The Sun Nigeria.

Politics

5 d. ago CBN, OAGF Deny Release Of Withheld Osun LG Funds To APC Members

The Central Bank of Nigeria (CBN) ànd the Office of the Accountant General of the Federation (OAGF) have denied reports of the release of the witheld Osun State Local Government financial allocations to the chairmen and councillors elected on the platform of the All Progressives Congress (APC) in 2022. The two agencies of government told […]

Politics

6 d. ago CBN, OAGF deny releasing withheld Osun LG funds to APC chairmen, councillors

Tribune Online CBN, OAGF deny releasing withheld Osun LG funds to APC chairmen, councillors The Central Bank of Nigeria (CBN) and the Office of the Accountant General of the Federation (OAGF) on Monday at the Federal High Court in Abuja denied the release of the Osun State Local Government withheld financial allocations... CBN, OAGF deny releasing withheld Osun LG funds to APC chairmen, councillors Tribune Online

Politics

6 d. ago Nigeria faces reduced number of banks as mergers, acquisition pressure intensify

Tribune Online Nigeria faces reduced number of banks as mergers, acquisition pressure intensify Nigeria’s banking sector is on the cusp of another consolidation wave as Tier-2 and smaller banks face mounting pressure to merge or be acquired ahead of the Central Bank of Nigeria’s (CBN) March 2026 recapitalisation deadline. With new minimum capital requirements of N500 billion for international banks, N200 billion for national banks, and N50 billion […] Nigeria faces reduced number of banks as mergers, acquisition pressure intensify Tribune Online

Politics

8 d. ago CBN: Bolstering economy with cheaper credit, cash discipline

By Chinwendu Obienyi Members of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) rose from their 302nd meeting last Tuesday with a unanimous vote to trim the Monetary Policy Rate (MPR) by 50 basis points to 27 per cent. The move, analysts note, reflects both confidence in recent economic gains and caution against […] The post CBN: Bolstering economy with cheaper credit, cash discipline appeared first on The Sun Nigeria.

Politics

9 d. ago TAJBank Has Surpassed Central Bank’s Minimum Capital Requirement, Says CEO

TAJBank, Nigeria’s fastest growing non-interest banks, has met the Central Bank of Nigeria’s (CBN’ s) new minimum capital requirement for national non-interest banks. The managing director/CEO of the bank, Hamid Joda, confirmed the capitalisation feat during his interactive chat with journalists on the sidelines of an investment summit in Abuja. With the compliance with the […]

Politics

1 week ago Balanced policies, not quick fixes, will steady economy –CPPE

By Merit Ibe            The Centre for the Promotion of Private Enterprise (CPPE) is seeking a more balanced policy stance that supports growth while preserving macroeconomic stability. The centre made the remark in its review of the leadership of Mr. Yemi Cardoso as governor of Central Bank of Nigeria (CBN) in […] The post Balanced policies, not quick fixes, will steady economy –CPPE appeared first on The Sun Nigeria.

Politics

1 week ago Cheaper credit key to turning CBN’s rate cut into growth –NECA

The Director-General of the Nigeria Employers’ Consultative Association (NECA), Adewale-Smatt Oyerinde, has hailed the Central Bank of Nigeria’s (CBN) decision to cut the Monetary Policy Rate (MPR) by 50 basis points to 27 percent, describing it as a strategic step towards stimulating growth. The decision was taken at the 302nd meeting of the CBN’s Monetary […] The post Cheaper credit key to turning CBN’s rate cut into growth –NECA appeared first on The Sun Nigeria.

Politics

1 week ago Employers, Economists Hail Central Bank For Slashing Interest Rate To 27%

After five years, the Central Bank of Nigeria (CBN) has reduced its key interest rate, signalling a cautious shift in its monetary stance as inflation shows steady improvement. At the end of its two-day Monetary Policy Committee (MPC) session in Abuja on Tuesday, the CBN lowered the MPR by 50 basis points to 27 per […]

Politics

1 week ago MPC: CPPE applauds CBN as economists eye fresh investment flows

Tribune Online MPC: CPPE applauds CBN as economists eye fresh investment flows The Centre for the Promotion of Private Enterprise (CPPE) has applauded the Central Bank of Nigeria’s (CBN) latest MPC: CPPE applauds CBN as economists eye fresh investment flows Tribune Online

Politics