23 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

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27 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

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28 h. ago Tighten your sanctions compliance framework, CBN orders banks

The Central Bank of Nigeria has issued a fresh regulatory directive to banks, payment service banks, and fintech companies, warning them to tighten their sanctions compliance frameworks or face enforcement actions. In a circular dated April 17, 2025, signed by Amonia Opusunju for the Director, Compliance Department, the apex bank reminded all financial institutions of Read More

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30 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.

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4 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.

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4 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

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6 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.

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6 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.

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8 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.

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9 d. 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 […]

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9 d. 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

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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.

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1 week ago Banking sector credit to private sector declines amid CBN’s tight liquidity measures

Credit extended by the banking sector to the private sector declined by 1.3 percent month-on-month and 8.6 percent year-on-year in read more Banking sector credit to private sector declines amid CBN’s tight liquidity measures

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1 week 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.

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1 week ago CBN injects $198m into FX market to boost liquidity, stabilise trading

By Adanna Nnamani, Abuja The Central Bank of Nigeria (CBN) injected US$197.71 million into the foreign exchange (FX) market on Friday to stabilise trading and ensure enough liquidity. The move came through sales to Authorised Dealers, as confirmed by a weekend circular from Omolara Duke, CBN Director of the Financial Markets Department. Duke explained that […] The post CBN injects $198m into FX market to boost liquidity, stabilise trading appeared first on The Sun Nigeria.

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2 w. ago CBN Denies Purported Introduction Of N5,000, N10,000 Banknotes

The Central Bank of Nigeria has denied a viral claim circulating on social media, saying that it has introduced two new denomination, N5,000 and N10,000 notes. In a statement on Thursday, CBN described the report as fake. The purported Whatsapp message quoted one Deputy CBN Governor, Ibrahim Tahir Jr., saying that the move is aimed […] The post CBN Denies Purported Introduction Of N5,000, N10,000 Banknotes appeared first on Information Nigeria.

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2 w. ago CBN posts $23.11bn net FX reserve, strongest position in 3 years

From Adanna Nnamani, Abuja The Central Bank of Nigeria (CBN) has achieved its strongest foreign exchange reserve position in over three years, posting an impressive $23.11 billion in net reserves at the end of 2024. The development signals a robust recovery and enhanced financial stability for the country’s economy. It also reflects a substantial improvement […] The post CBN posts $23.11bn net FX reserve, strongest position in 3 years appeared first on The Sun Nigeria.

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2 w. ago CBN shakes up oil and gas industry with new terminal assignments, boosts transparency

The Central Bank of Nigeria (CBN) has announced a comprehensive review of the allocation of terminals to Pre-Shipment Inspection Agents read more CBN shakes up oil and gas industry with new terminal assignments, boosts transparency

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2 w. ago Heritage Bank: NDIC promises timely payment of uninsured sums to depositors

Tribune Online Heritage Bank: NDIC promises timely payment of uninsured sums to depositors In response to concerns raised by depositors of the defunct Heritage Bank, whose balances exceed the maximum deposit insurance limit of N5 million, the Nigeria Deposit Insurance Corporation (NDIC) says it has intensified efforts to ensure timely payments. Following the revocation of Heritage Bank’s banking license by the Central Bank of Nigeria (CBN) on June […] Heritage Bank: NDIC promises timely payment of uninsured sums to depositors Tribune Online

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2 w. ago Banks turn to commercial papers amidst increasing deposit costs, high CR policies

Tribune Online Banks turn to commercial papers amidst increasing deposit costs, high CR policies NIGERIAN banks are increasingly relying on costly short-term commercial papers (CPs) to address liquidity challenges as the Central Bank of Nigeria (CBN) enforces stringent cash reserve policies, driving up deposit costs, Bloomberg reports. Access Holdings Plc, Nigeria’s largest bank by assets, the Providus Bank Limited N100.00 billion Commercial Paper Programme registration of the NOVA Merchant […] Banks turn to commercial papers amidst increasing deposit costs, high CR policies Tribune Online

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