CBN

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...

The Central Bank of Nigeria has introduced the FX BDC Purchase Tracker (FXBT), enabling real-time monitoring of Bureau De Change foreign exchange purchases and transactions across the official market. Licensed BDC operators must now resell any unused foreign...

OAGF says CBN is yet to remit ₦5.3 trillion in operating surplus. Lawmakers demand answers over unpaid government revenues. The dispute puts Nigeria’s public finance system under fresh scrutiny. The CBN’s position on the claim remains awaited. July 15,...

The Central Bank of Nigeria (CBN) is seeking to raise ₦600 billion at today's Treasury Bills auction, with the one-year instrument expected to attract the strongest investor demand. The auction comes after June's heavily oversubscribed sale, where investors...

July 13, (THEWILL) — Public office comes with scrutiny. Those entrusted with positions of national importance should expect their decisions, conduct, and records to be examined by the public. That scrutiny is not only healthy for democracy and accountability;...

Standard Chartered expects the CBN to cut interest rates by only 150 basis points in 2026. The bank now forecasts the Monetary Policy Rate (MPR) will end 2026 at 25 percent, citing persistent inflation. Inflation is now projected...

July 13, (THEWILL) — The Central Bank of Nigeria recently revoked the operating licences of 46 microfinance banks following the banks’ failure to meet the regulatory requirements for continued operation as approved financial institutions. The sanctioned banks’ inadequacies included insufficient...