CBN

The Central Bank of Nigeria has directed banks to channel the gains from recapitalisation into financing productive sectors of the economy. CBN Governor Olayemi Cardoso said the regulator's focus has shifted to stronger governance, risk management and economic...

Nigeria's external reserves rose to $52.02bn on July 20, marking their highest level since January 2009 and exceeding the Central Bank of Nigeria's projected reserve target for the end of 2026. The country's reserves have expanded by about...

CBN Holds at 26.5%, rates remain unchanged as food inflation hits 17.52%. Banking index jumps 9.30%, led by First HoldCo’s 38.7% surge. BUA Cement drops 9.99%, dragging down industrial stocks. Wall Street gains on trading; consumer credit reports...

Atiku says contradictory testimonies by the Central Bank and Office of the Accountant-General have thrown the Tinubu administration into one of its worst credibility crises Former Vice President demands an immediate independent investigation, insisting Nigerians deserve the truth...

The Central Bank of Nigeria says its decision to revoke the licences of 46 microfinance banks was aimed at protecting depositors and strengthening regulatory compliance across the financial sector. Governor Olayemi Cardoso also assured customers those banks yet...

The Central Bank of Nigeria retained its benchmark interest rate at 26.5%, signalling that the battle against inflation is not yet over despite signs of easing price pressures. Governor Olayemi Cardoso said the MPC remains focused on preserving...

The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 26.5 percent, extending its cautious monetary policy stance as inflation continues to moderate and foreign exchange market conditions improve. The Monetary Policy Committee (MPC)...

July 19, (THEWILL) — For the first time in several years, the Central Bank of Nigeria (CBN) possesses a significantly larger arsenal to defend the naira without resorting to administrative controls that previously distorted the foreign exchange market. The...

July 19, (THEWILL) — The Central Bank of Nigeria's decision to revoke the licences of 46 microfinance banks represents more than another round of regulatory enforcement. It signals a structural shift within Nigeria's financial system, where smaller community lenders...

RenCap estimates Nigerian banks may need to raise more than ₦1.7 trillion if the CBN adopts its proposed HoldCo capital framework. Access Holdings faces the largest projected funding gap, while UBA, Zenith Bank, and Fidelity Bank could also...