The House of Representatives Public Accounts Committee (PAC) has ordered the Office of the Accountant-General of the Federation (OAGF) to submit a full breakdown of outstanding…
Browsing: CBN
Nigerian banks cut lending to oil and gas, ICT and six other key sectors by N5.45 trillion a 14.8 per cent year-on-year drop in 2025 after…
The Central Bank of Nigeria (CBN) has warned businesses and individuals against rejecting the standard N100 note, insisting it remains legal tender alongside the commemorative version…
The Central Bank of Nigeria (CBN) has withdrawn the operating licences of 46 microfinance banks across the country, effective July 1, 2026. The apex bank disclosed…
The Central Bank of Nigeria has ordered all banks, payment service banks, and other financial institutions to immediately freeze the accounts and assets of six individuals…
The Central Bank of Nigeria (CBN) has rolled out a sweeping update to its foreign exchange regulations, introducing stiff financial penalties and stricter compliance requirements for…
Nigeria’s Central Bank has opted to leave its benchmark lending rate unchanged at 26.5%, following a two-day policy meeting in Abuja on Wednesday. The Monetary Policy…
Nigerian banks’ deposits held at the Central Bank of Nigeria dropped sharply to ₦92.32 trillion in April 2026, according to fresh data from the apex bank…
The Central Bank of Nigeria has reviewed upward the fee for issuing and replacing ATM debit and credit cards, moving the charge from ₦1,000 to ₦1,500…
The Central Bank of Nigeria (CBN) has refuted reports claiming that Polaris Bank Limited is set for liquidation due to an alleged failure to meet recapitalisation…