The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to immediately freeze all accounts, funds and assets linked to six individuals...
Nigeria’s external reserves have climbed to $51.04 billion, their highest level in about 17 years, driven by stronger foreign exchange inflows...
Banks and customers in Nigeria lost a total of N134.48bn to fraud between 2020 and 2025, according to a Central Bank of Nigeria report.
The Central Bank of Nigeria (CBN) has unveiled plans to introduce biometric-driven and "invisible" payment systems that will allow Nigerians...
The Central Bank of Nigeria has introduced fresh regulations requiring banks and fintech companies to disclose their ultimate owners...
The Central Bank of Nigeria has tightened oversight of banks after lenders raised N4.65 trillion in a major recapitalisation exercise aimed at strengthening governance, financial stability,...
The Central Bank of Nigeria has unveiled 10 major changes to the new BVN system, introducing stricter controls on devices, transactions...
The Central Bank of Nigeria has directed banks to deny additional credit facilities and certain banking services to large borrowers with non-performing loans.
The Central Bank of Nigeria has reduced the Monetary Policy Rate by 50 basis points to 26.5%.
The Central Bank of Nigeria has warned that using naira notes for Valentine’s Day “money bouquets” and decorative gifts amounts to currency abuse.
