Central Bank of Nigeria (CBN)

Nigeria’s inflation rate edged higher to 15.38 per cent in March 2026, reinforcing concerns over renewed price momentum across the economy as month-on-month pressures intensified. The latest National Bureau of Statistics (NBS) Consumer…

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has stated that the net foreign exchange reserves have risen to $34.80 billion at the end of December 2025. The apex bank governor, who stated that both the gross and…

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has highlighted requirements for Africa's growth, including industrialisation, job creation, expanded opportunities, and lifting millions out of poverty, while also…

The Central Bank of Nigeria (CBN) has given the go-ahead for licensed Bureau De Change (BDC) operators to join the Nigerian Foreign Exchange Market (NFEM) and approved the weekly sale of forex to them. This move aims to boost foreign…

The Central Bank of Nigeria (CBN) updated British International Investment (BII) on ongoing financial sector reforms and attracting long-term capital to strengthen banking stability, expand financial inclusion, and support sustainable…

Depositors of the now-defunct Heritage Bank Limited will soon receive another round of payments, as the Nigeria Deposit Insurance Corporation (NDIC) has completed the second liquidation dividend totaling N24.3 billion. A liquidation…

 The Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) have finalised a framework to handle consumer complaints from failed airtime and data transactions caused by network downtimes, system glitches, or…

The Nigeria Deposit Insurance Corporation (NDIC) has initiated the liquidation of Aso Savings and Loans and Union Homes Savings and Loans Plc by verifying their depositors pursuant to Section 12(2) of the Banks and Other Financial…

The Central Bank of Nigeria (CBN) has highlighted how the number of legacy Bureau De Change (BDCs) operators decreased from 5,687 to just 82 in its updated capital and compliance requirements, a major shake-up of the country’s…

The Central Bank of Nigeria (CBN) has rolled out a new guideline targeting dud cheques, proposing a five-year ban for customers who repeatedly issue them, in a bid to change industry practices. In a new set of guidelines released Monday in…