Central Bank of Nigeria
Nigeria Benefits from Oil Price Rally as Naira Strengthens
Nigeria’s economy is seeing a boost as Brent crude trades around $69 per barrel, surpassing the 2026 federal budget benchmark of $64.8. Analysts...
CBN Governor Warns lecoins May Weaken Monetary Policy and Raise FX Volatility
The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has warned that the rapid rise of stablecoins and private digital payment...
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...
SERAP Sues CBN Over Missing N3 Trillion in Public Funds
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN), demanding accountability for over N3...
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...
CBN Warns of Foreign Funding Dependence in Nigeria Fintech Sector
Nigeria fintech sector remains one of the most dynamic in Africa but continues to rely heavily on foreign investment, exposing it to volatility...
FBNQuest Merchant Bank Completes Name Ce to Quest Merchant Bank
FBNQuest Merchant Bank Limited has announced the successful completion of its change of name and will now operate as Quest Merchant Bank Limited...
Naira Gains Strength Against Dollar as January Closes on Positive Note
The naira ended January 2026 on a stronger footing after recording notable gains against the United States dollar in the official Nigerian foreign...
Kuda Microfinance Bank Secures National Licence, Plans Physical Expansion Across Nigeria
Kuda Microfinance Bank has announced plans to blend its digital-first operations with physical touchpoints nationwide following the recent upgrade of its licence to...
FG Borrowing Crowds Out Private Sector as Government Credit Jumps N9.19tn in 2025
The Federal Government’s domestic borrowing from the financial system rose sharply in 2025 despite elevated interest rates, significantly widening the gap between public...
