Tag: #CBN

Five members of the Central Bank of Nigeria’s Monetary Policy Committee (MPC) voted for a 50-basis-point reduction in the Monetary ...

Nigerians continued to rely heavily on cash withdrawals in the first half of 2025, accessing ₦36.34 trillion via Automated Teller ...

The Central Bank of Nigeria (CBN) has disclosed that about 20 deposit money banks have already met the new capital ...

Foreign exchange (FX) inflows into Nigeria’s currency market rebounded sharply in December, driven largely by increased dollar sales from the ...

United Bank for Africa Plc (UBA) has exceeded the N500 billion minimum capital requirement set by the Central Bank of ...

The Central Bank of Nigeria (CBN) has cautioned that the ongoing banking sector recapitalisation could heighten concentration risk in Nigeria’s ...

Rand Merchant Bank Nigeria Limited (RMB Nigeria) has announced that it has successfully met the new minimum capital requirement set ...

The Central Bank of Nigeria (CBN) has projected that Nigeria’s current account balance will rise to $18.81 billion in 2026, ...

The naira began the first trading day of the New Year on a positive note, appreciating to N1,430.84 per dollar ...

Nigeria’s banking industry is accelerating its transition toward digital and agent-based services, with 229 physical bank branches shut across the ...