CBN
Senate Holds Public Hearing on BOFIA Amendments and Ponzi Scheme Proliferation
The President of the Senate, Godswill Akpabio, on Tuesday launched a public hearing on proposed amendments to the Banks and Other Financial Institutions...
Naira Gains Slightly Against Dollar as Market Shows ility
The Nigerian Naira opened the week with a modest gain against the US Dollar on Monday, February 23, 2026, reflecting ongoing stability in...
CBN Imposes N10 Million Fine on Banks Using Unaccredited Cheque Printers
The Central Bank of Nigeria (CBN) has announced a N10 million fine and withdrawal of cheques for commercial banks engaging unaccredited cheque printers...
World Bank Cuts Planned Grant to CBN from $10.5m to $6.8m Ahead of March Board Review
The World Bank has reduced the size of a planned grant to the Central Bank of Nigeria from 10.5 million dollars to 6.8...
Rising Loan Defaults Push Banks’ Bad Loans to ₦21.2 Trillion Amid Economic Strain
Nigeria’s banking sector is grappling with a surge in loan defaults as harsh economic conditions continue to weigh on households and businesses, pushing...
CBN Allows Temporary Use of Expired NAFDAC Licences for Imports
The Central Bank of Nigeria (CBN) has approved a temporary window allowing importers to use expired National Agency for Food and Drug Administration...
CBN Upgrades Fintechs and Microfinance Banks to National Licences
The Central Bank of Nigeria (CBN) has upgraded the operating licences of several major financial technology firms and microfinance banks (MFBs) to national...
SMEs Access Only 0.51% of Banks’ Credit Over 10 Years in Nigeria
Data from the Central Bank of Nigeria (CBN) reveals that small and medium-sized enterprises (SMEs) in Nigeria face severe financing constraints, despite being...
NANS Applauds NCC, CBN for Consumer-Friendly Airtime and Data Refund Framework
The National Association of Nigerian Students (NANS) has praised the Nigerian Communications Commission (NCC), in collaboration with the Central Bank of Nigeria (CBN),...
BVN Enrolments Hit 67.8 Million as Stronger CBN Policies, Diaspora Drive Adoption
The Nigeria Inter-Bank Settlement System (NIBSS) has reported a significant increase in Bank Verification Number (BVN) enrolments, which rose by 6.8 per cent...
