Nigeria’s foreign exchange reserves have surged to $41 billion as of August 19, 2025, their highest level in almost four years, according to fresh data […]
Tag: CBN
CBN Warns of Possible Inflation Surge Amid Rising Input Costs
The Central Bank of Nigeria (CBN) has warned that rising input costs across key sectors of the economy could trigger a fresh wave of consumer […]
CBN Cuts Net Loans by N4.1tn, Recovers N253bn Intervention Funds Amid Tightening Reforms
The Central Bank of Nigeria (CBN) recorded a sharp reduction of N4.145 trillion in net loans and receivables in 2024, driven by a sweeping retrenchment […]
Senate Confirms Professor Melvin Ayogu as CBN Board Member
The Senate on Tuesday confirmed the nomination of Professor Melvin Damian Ayogu as a member of the Board of Directors of the Central Bank of […]
$6.23M CBN Theft: Key Suspects, Including Ex-Emefiele Aide, Hiding in the UK – Police Tell Court
The Federal High Court in Abuja has been informed that Odoh Ocheme, a former aide to ex-Central Bank of Nigeria (CBN) Governor Godwin Emefiele, and […]
CBN Orders Bank Directors With Non-Performing Loans to Step Down
The Central Bank of Nigeria (CBN) has directed bank directors with non-performing insider-related loans to resign immediately. This directive, issued in a circular signed by […]
CBN Ends Free Monthly ATM Withdrawals, Introduces New Charges
The Central Bank of Nigeria (CBN) has eliminated the three free monthly ATM withdrawals previously allowed for customers using other banks’ ATMs, effective March 1, […]
Emefiele’s Contract Awards Followed Due Process, Prosecution Witness Testifies
A prosecution witness, Salawu Gana, in the ongoing trial of former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has testified that the contract awards […]
CBN Pursues Policies to Position Nigeria’s Banking Sector for a ₦1 Trillion Economy
The Central Bank of Nigeria (CBN) is implementing policies aimed at strengthening the banking sector and positioning the economy for a ₦1 trillion transformation, according […]
CBN Fines Nine Banks N1.35bn for Cash Disruption During Festive Season
The Central Bank of Nigeria (CBN) has imposed fines totaling N1.35bn on nine Deposit Money Banks for failing to ensure cash availability via Automated Teller […]