Nigeria posts $6.83B balance of payments surplus in 2024
Signaling Economic Resurgence The Central Bank of Nigeria (CBN) has announced a Balance of Payments (BOP) surplus of $6.83 billion for the 2024 financial year, […]
CBN
Court summons Tinubu, Akpabio, CBN over Rivers emergency rule case
President Bola Tinubu and seven others have been summoned by a Federal High Court sitting in Port Harcourt over the declaration of a state of […]
Cardoso champions gender equity with record female senior appointments
In a significant milestone for Nigeria’s banking sector, women now constitute 35% of the Central Bank of Nigeria’s (CBN) directors and half of its Non-Executive […]
Adeleke’s nominee for Osun bank director rejected by CBN
The Central Bank of Nigeria (CBN) has rejected Governor Ademola Adeleke’s nomination of ex-Finance Commissioner, Wale Bolorunduro, as a Director of Osun-owned Living Trust Mortgage Bank. The […]
CBN, LG autonomy and need for financial probity
By Lawal Nasir When in July 2024, the Supreme Court gave a ruling that effectively granted financial autonomy to the 774 local government councils in […]
Group writes ICPC on how NCDMB paid N9.9B for consultancy through CBN
The Centre for Fiscal Transparency and Public Integrity, a non-governmental organisation has asked the ICPC to investigate corrupt practices and misapplication of funds amounting to […]
Cardoso urges greater backward integration in the telecom sector
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has renewed calls for deeper backward integration in the telecommunications sector, emphasising the […]
Forfeiture order: CBN assures on Keystone Bank’s stability
Following the court order that the shares of Keystone Bank Limited previously held bythe shareholders be forfeited to the Federal Government of Nigeria, the Central […]
Bureau de change operators get relief as CBN waives 2025 renewal fee
The Central Bank of Nigeria (CBN) has announced the waiver of the 2025 non-refundable annual license renewal fee for Bureau De Change (BDC) operators. In […]
CBN imposes N1.35bn penalty on nine banks over Yuletide ATM cash crisis
The Central Bank of Nigeria has sanctioned nine Deposit Money Banks with fines totalling N1.35bn for failing to ensure cash availability via Automated Teller Machines […]
Central bank, SEC okays FCMB group’s rights offering
The Central Bank of Nigeria and the Securities and Exchange Commission have approved the N147bn rights offer of FCMB Group. This was disclosed in a […]
CBN reports economic growth in Q3 2024 amid recovery efforts
The economy grew by 3.46 per cent in Q32024, with output reaching ₦20.115 trillion, up from 3.19 per cent (₦18.285 trillion) in Q2 2024, driven […]
Old Naira notes, N1000, N500 and N200 still valid-CBN
The Central Bank of Nigeria (CBN) has dismissed claims that some denominations of the Naira are no longer valid. The apex bank reiterated that the […]
House of Reps orders CBN to suspend staff retirements pending probe
The House of Representatives, on Tuesday, directed the Central Bank of Nigeria, CBN to suspend the retirement of 1,000 staff and the associated payoff scheme […]
CBN implements $100,000 minimum trade requirement for banks on FX platform
The Central Bank of Nigeria has issued fresh guidelines for interbank foreign exchange trading via the Electronic Foreign Exchange Matching System, mandating a minimum trade […]