CBN Governor Links $42.35bn Reserves to Clearing of Forex Backlog
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has credited Nigeria’s external reserves growth to $42.35 billion ...
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Tag: #CBN
CBN Confirms 14 Banks Have Met New Capital Requirements
The Central Bank of Nigeria (CBN) has confirmed that 14 commercial banks have successfully met the new regulatory capital requirements ...
Read moreNECA Backs CBN’s MPR Cut to 27%, Says Policy Could Spur Growth
The Director-General of the Nigeria Employers’ Consultative Association (NECA), Adewale-Smatt Oyerinde, has applauded the Central Bank of Nigeria’s (CBN) decision ...
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CBN Warns of Inflation Risks, Pushes for Market-Based Monetary Tools
The Central Bank of Nigeria (CBN) has cautioned that the country remains vulnerable to inflationary and financial risks despite recent ...
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CBN Directs Banks to Secure Approval Six Months Before CEO Exit
The Central Bank of Nigeria (CBN) has issued a new directive requiring all Domestic Systemically Important Banks (DSIBs) to obtain ...
Read moreCBN, Brazil’s Central Bank Move to Strengthen Financial, Economic Ties
The Central Bank of Nigeria (CBN) and the Banco Central do Brasil are set to deepen financial and economic cooperation ...
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Nigeria’s Diaspora Remittances Jump 200% to $600m in Two Months — CBN
Nigeria’s diaspora remittances have surged by 200 percent to $600 million over the past two months, according to the Governor ...
Read moreCBN Unveils Customers’ Bill of Rights as BVN Enrollment Hits 66.2 Million
With over 66 million Nigerians enrolled in the Bank Verification Number (BVN) system, the Central Bank of Nigeria (CBN) has ...
Read moreCBN: Nigeria’s Foreign Reserves Hit $41 Billion, Highest in 44 Months
Nigeria’s foreign exchange reserves surged to $41 billion on August 19, 2025, their highest level in 44 months, according to ...
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CBN Reaffirms Commitment to Economic Growth and Consumer Protection
The Central Bank of Nigeria (CBN) has reiterated its commitment to sustaining initiatives that boost the economy and safeguard consumers ...
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