Nearly two years after receiving employment offers from the Central Bank of Nigeria (CBN), no fewer than 60 recruits from across the country say […]
Tag: CBN
CBN Boosts Gold Reserves to $3.5bn with Locally Refined Bullion
The Central Bank of Nigeria has added domestically sourced gold, refined to international standards, to the country’s foreign reserves, raising its total gold holdings to […]
CBN Cuts Interest Rate to 26.5% as Inflation Continues to Ease
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has reduced the benchmark interest rate to 26.5 per cent, marking the second rate […]
CBN flags rise in bad loans as banks exit COVID-era reliefs
Nigeria’s banking sector recorded a noticeable increase in bad loans in 2025 following the Central Bank of Nigeria’s decision to withdraw the regulatory forbearance granted […]
Nigeria’s Foreign Reserves Hit $41bn — Strongest Level in Nearly Four Years
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 […]
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 […]