Tag: CBN
Godwin Emefiele Trial: Finance Ministry Says It Knew Nothing About CBN’s N124.86bn Withdrawal
The trial of Godwin Emefiele, the former Central Bank of Nigeria (CBN) governor, produced fresh testimony in Abuja…
CBN cuts MPR to 23% as inflation eases: Eight key takeaways from latest MPC meeting
The Central Bank of Nigeria has reduced its benchmark interest rate by 350 basis points, bringing the Monetary…
In record MPR reset, CBN cuts interest rate to 23%. What does it mean for Nigerians?
Nigeria's interest rate has eased to 23 per cent from 26.5 per cent after months of stagnation and…
ANALYSIS: Can Nigeria spend its $53bn reserves to fight insecurity?
Nigeria’s external reserves have climbed to $53.31bn, but the growing foreign exchange buffer has sparked a debate over…
Again, CBN retains interest rate at 26.50% amid worsening access to cheap credit facilities
Analysts have also said that the decision to keep interest rates at 26.50 is hindering Nigerians' access to…
Presidential promotion council has no CBN account, received no funds, OAGF reveals
The office of the accountant-general of the federation (OAGF) has disclosed that the presidential foreign intervention promotion council (PFIPC)…
46 microfinance banks lose licences as CBN cracks down on delinquent fintechs [Full List]
No fewer than 46 microfinance banks across the country have lost their operating licences, the Central Bank of…
BVN changes explained: Why some Nigerians are worried
The conversation around banking safety in Nigeria has taken a new direction since fresh discussions began around updated…
CBN ATM Card Fee Increase: New Charges, Effective Date, and What Every Nigerian Bank Customer Must Know
If you bank in Nigeria, you need to read this. The Central Bank of Nigeria (CBN) has just…
Nigeria BVN Security Changes: Full Breakdown of New Rules and What Every Bank Customer Must Do Now
If you have a Nigerian bank account, you need to read this 2026 BVN update before May 1,…
CBN dismisses circulating image of alleged N5,000 note as false
The Central Bank of Nigeria (CBN) has clarified that a widely circulated image suggesting the introduction of a…
CBN speaks on Union, Keystone, Polaris failure to meet recapitalisation deadline, advises banks’ customers
Akinwunmi also disclosed that banks would undergo “stress tests” from time to time to ensure they are on…