The total value of Point of Sale (POS) transactions in Nigeria surged to ₦223.27 trillion in 2024, more than doubling the ₦110.35 trillion recorded in 2023,...
The Central Bank of Nigeria (CBN) has reaffirmed that the majority of Nigerian banks are either fully compliant or on course to meet the new capital...
Zenith Bank Plc has reaffirmed its position as one of Nigeria’s most financially resilient institutions following the Central Bank of Nigeria’s (CBN) latest directive suspending dividends, executive...
The Central Bank of Nigeria (CBN) has officially extended the deadline for the ongoing Bureau De Change (BDC) recapitalisation exercise to December 31, 2025. This marks...
Mr. Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), has been awarded Central Bank Governor of the Year at the 2025 African Banker Awards...
The Central Bank of Nigeria’s Monetary Policy Committee (MPC) has retained the benchmark interest rate at 27.50% for the second consecutive time in 2025, citing the...
The Central Bank of Nigeria (CBN) has reduced its net loan exposure to the Federal Government and recovered over N250 billion from intervention programmes in 2024,...
Governor of the Central Bank of Nigeria Yemi Cardoso has reaffirmed the apex bank’s commitment to restoring investor trust through consistent policy direction and adherence to...
Nigeria recorded a $6.83 billion balance of payments surplus in 2024, the first positive external account in three years. The Central Bank of Nigeria (CBN) attributed...
The Central Bank of Nigeria (CBN) intervened in the foreign exchange market on Friday by selling $197.71 million to authorized dealers in an effort to stabilize...