Businesses across Nigeria are grappling with major operational challenges, with poor electricity supply and insecurity emerging as the biggest concerns in March 2026, according to […]
Tag: CBN
CBN Moves Against Loan Defaulters, Restricts Banking Access
The Central Bank of Nigeria (CBN) has introduced tough new measures targeting chronic loan defaulters, especially individuals and companies with large unpaid debts. The directive, […]
Two Years After Job Offers, Dozens of CBN Recruits Remain in Limbo
Nearly two years after receiving employment offers from the Central Bank of Nigeria (CBN), no fewer than 60 recruits from across the country say […]
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 […]