Nigeria’s Prime Lending Rate Rises to 18.88% in August Despite MPR Reduction
The average prime lending rate in Nigeria’s banking sector rose to 18.88 per cent in August 2025, up from 18.54 ...
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Tag: #CBN
Cardoso: CBN Developing New Framework for Bilateral Trade in National Currencies
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has disclosed that Nigeria is developing a new framework ...
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CBN Monitors Banks’ Recapitalisation Compliance Ahead of Deadline
The Central Bank of Nigeria (CBN) has said it is closely monitoring banks to ensure strict compliance with the recapitalisation ...
Read moreCBN 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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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 ...
Read moreNigeria’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 ...
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Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.