The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN) over its “failure to account for US$6.23 million in allegedly diverted or unaccounted-for election funds and over ₦1.63 trillion in other public funds.”
Since the inauguration of President Bola Ahmed Tinubu in May 2023, the MPR has maintained an upward trajectory; rising from about 18.05 per cent to 27.50 per cent as of September 2025, when it was reduced marginally by 50 basis points to 27 percent.
Data from the apex bank showed that balances in its Standing Deposit Facility (SDF) fell to ₦3.76 trillion on October 7, 2026, from ₦4.70 trillion a day earlier.
The Central Bank of Nigeria (CBN) has stepped up efforts to deepen Nigeria’s financial and investment links with Asia through engagements with Singapore’s financial authorities, innovation institutions, investors and market operators.
The findings were contained in the apex bank’s latest Business Expectations Survey, which showed that while firms remained concerned about several aspects of the operating environment, overall business sentiment stayed positive during the month.
The Central Bank of Nigeria’s (CBN) decision to cut the Monetary Policy Rate (MPR) from 26.5 per cent to 23 per cent is a significant development for an economy that has endured an exceptionally tight monetary environment
Nigeria’s banking sector has emerged from its latest recapitalisation exercise with a stronger capital foundation, but the completion of the exercise marks the beginning of another phase of reform rather than the end of the process.
Nigerian banks’ placements with the Central Bank of Nigeria’s Standing Deposit Facility (SDF) rose to N6.28tn on Tuesday, highlighting the substantial liquidity surplus within the banking system.
Muhammad Sani Abdullahi, Deputy Governor, Corporate Services, said 33 banks had met the revised minimum capital requirements and raised N4.65tn by the end of the two-year recapitalisation programme.
Seeing Asake live in Lagos this December could cost fans considerably more than the price of a streaming subscription. But for those who want to be part of the experience, paying for the privilege may no longer require having the entire ticket money sitting in their accounts at once.
