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Results for "Central Bank of Nigeria (CBN)"

53 stories found

Technologypunch-ng1d ago

CBN, NCC Sign MoU to Combat SIM-Related Fraud

The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have signed a Memorandum of Understanding. This agreement aims to strengthen their collaboration in combating SIM-related fraud.

Nigeria's Central Bank Introduces New Money Market Benchmark
FinancePremium Times4d ago

Nigeria's Central Bank Introduces New Money Market Benchmark

The Central Bank of Nigeria (CBN) and the Financial Markets Dealers Association (FMDA) have collaborated to introduce a new money market benchmark. This initiative aims to align Nigeria with global best practices and enhance price discovery and transparency in the market.

Nigeria’s current account surplus drops 26% to $14.04bn in 2025
Businessvanguard-ng1mo ago

Nigeria’s current account surplus drops 26% to $14.04bn in 2025

Nigeria’s current account surplus fell by 26 percent year-on-year (YoY) to $14.04 billion in 2025, down from $19.03 billion in 2024, the Central Bank of Nigeria (CBN) has disclosed in its 2025 Balance of Payments (BoP) report. The post Nigeria’s current account surplus drops 26% to $14.04bn in 2025 appeared first on Vanguard News.

CBN raises gold reserves to $3.5bn
Businesspunch-ng1mo ago

CBN raises gold reserves to $3.5bn

The Central Bank of Nigeria (CBN) boosts its gold reserves to $3.5bn by purchasing locally sourced gold, strengthening the country’s foreign reserves. Read More: https://punchng.com/cbn-raises-gold-reserves-to-3-5bn/

Nigeria's CBN Introduces New Money Market Benchmark
Financevanguard-ng5d ago

Nigeria's CBN Introduces New Money Market Benchmark

The Central Bank of Nigeria (CBN) and Financial Markets Dealers Associations have launched the Nigerian Overnight Financing Rate (NFOR) as a new money market benchmark to promote consistent pricing of money market instruments.

Businessguardian-ng1mo ago

Nigeria's CBN Ban on Maize Importation

The Central Bank of Nigeria (CBN) has implemented a ban on maize importation, a policy decision with significant implications for the country's agricultural sector and food security.

Cardoso: Nigeria’s financial reforms boost shock resistance, investor confidence
Businessvanguard-ng1mo ago

Cardoso: Nigeria’s financial reforms boost shock resistance, investor confidence

Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has said that Nigeria’s recent monetary and financial-sector reforms have strengthened the country’s capacity to withstand external shocks and restored investor confidence. The post Cardoso: Nigeria’s financial reforms boost shock resistance, investor confidence appeared first on Vanguard News.

Forex: Naira ends week stronger
BusinessPremium Times1mo ago

Forex: Naira ends week stronger

Data published on the website of the Central Bank of Nigeria (CBN) showed the Naira gained N5.27 during Friday’s trading session. The post Forex: Naira ends week stronger appeared first on Premium Times Nigeria.

30 banks met recapitalisation ahead of March deadline – CBN
Businesspunch-ngvanguard-ng1mo ago2 sources

30 banks met recapitalisation ahead of March deadline – CBN

The Central Bank of Nigeria (CBN) confirms 30 banks have met the new minimum capital rules under the ongoing bank recapitalisation exercise ahead of the de Read More: https://punchng.com/30-banks-met-recapitalisation-ahead-of-march-deadline-cbn/

Nigeria’s money supply drops slightly to N123trn
Financevanguard-ng1mo ago

Nigeria’s money supply drops slightly to N123trn

…as currency outside bank drops 3% •Credit to govt, private sector shrinks  By Elizabeth Adegbesan Nigeria’s money supply (M²) fell by 0.8 percent month-on-month (MoM) to N123.4 trillion in January 2025 from N124.4 trillion in December 2025, indicating low liquidity in the banking system despite a decline in interest rate. Central Bank of Nigeria (CBN) Open Market […] The post Nigeria’s money supply drops slightly to N123trn appeared first on Vanguard News.

Financepunch-ng3d ago

IMF Endorses Nigeria's Bank Recapitalization Efforts

The International Monetary Fund (IMF) has endorsed Nigeria's bank recapitalization, a key reform initiated by the Central Bank of Nigeria (CBN), highlighting its role in strengthening capital buffers and enhancing financial stability.

Nigerian Banks Meet Recapitalisation Target Set by CBN
Businessvanguard-ng24d ago

Nigerian Banks Meet Recapitalisation Target Set by CBN

The Centre for the Promotion of Private Enterprise (CPPE) has commended the Central Bank of Nigeria (CBN) for the successful implementation of its bank recapitalisation programme, with 32 banks reportedly meeting the new minimum capital requirements.

Central Bank of Nigeria Receives Global 'Central Bank of the Year' Award
Businesspunch-ngvanguard-ng1mo ago2 sources

Central Bank of Nigeria Receives Global 'Central Bank of the Year' Award

The Central Bank of Nigeria (CBN) has been honored with the global 'Central Bank of the Year' award by Central Banking magazine. This recognition acknowledges the CBN's comprehensive policy reforms that have successfully restored macroeconomic stability and boosted investor confidence in Nigeria.

CBN Tightens BVN Rules to Combat Fraud
BusinessPremium Times1mo ago

CBN Tightens BVN Rules to Combat Fraud

The Central Bank of Nigeria (CBN) has implemented stricter rules for Bank Verification Number (BVN) enrollment, limiting it to individuals aged 18 and above and restricting phone number amendments to a one-time change, in an effort to curb fraudulent transactions.

CBN orders banks to deny loan defaulters access to new credit
Financevanguard-ng1mo ago

CBN orders banks to deny loan defaulters access to new credit

The Central Bank of Nigeria (CBN) has instructed commercial banks to block loan defaulters, particularly large-ticket borrowers, from accessing new credit facilities within the banking system. The post CBN orders banks to deny loan defaulters access to new credit appeared first on Vanguard News.

CBN orders banks to conduct stress test from April
Businessvanguard-ng1mo ago

CBN orders banks to conduct stress test from April

The Central Bank of Nigeria (CBN) has directed banks to conduct a comprehensive stress test on their credit portfolios beginning from April 1, 2026, as part of measures to ensure the continued stability of the nation’s banking system. The post CBN orders banks to conduct stress test from April appeared first on Vanguard News.

Nigeria’s Net External Reserves rises 50.5% to $34.8bn- Cardoso
Financevanguard-ng1mo ago

Nigeria’s Net External Reserves rises 50.5% to $34.8bn- Cardoso

By Babajide Komolafe The Governor of  the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso has disclosed that the nation’s Net External Reserves rose 50.5 per cent, year-on-year, to $34.8 billion in 2025 from $23.11 billion in 2024.   In a statement from the apex bank, Cardoso said that the growth in external reserves reflects stronger external […] The post Nigeria’s Net External Reserves rises 50.5% to $34.8bn- Cardoso appeared first on Vanguard News.