Nigeria’s Current Account Balance Seen Rising to $18.81bn in 2026 — CBN
The Central Bank of Nigeria (CBN) has projected that Nigeria’s current account balance will rise to $18.81 billion in 2026, ...
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Tag: #CBN
Naira Opens 2026 Stronger, Trades at N1,430.84/$ on Improved FX Stability
The naira began the first trading day of the New Year on a positive note, appreciating to N1,430.84 per dollar ...
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Nigeria Shuts 229 Bank Branches as PoS, Digital Banking Gain Ground
Nigeria’s banking industry is accelerating its transition toward digital and agent-based services, with 229 physical bank branches shut across the ...
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CBN Tightens Grip as Banking Sector Races to Meet 2026 Recapitalisation Deadline
Nigeria’s banking sector is witnessing heightened activity as the Central Bank of Nigeria (CBN) intensifies enforcement of its ongoing recapitalisation ...
Read moreCBN Orders Banks to Ensure Seamless Use of Foreign Payment Cards Nationwide
The Central Bank of Nigeria (CBN) has directed all banks and other financial institutions to ensure the seamless acceptance and ...
Read moreCBN Extends Payment System Vision to 2028, Accelerates Nigeria’s Digital Payments Drive
The Central Bank of Nigeria (CBN), under the leadership of Governor Olayemi Cardoso, has extended its Payment System Vision (PSV) ...
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CBN Governor Cardoso Courts Investors in Washington, Reaffirms Nigeria’s Reform Agenda
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, on Monday engaged senior business leaders and institutional ...
Read moreCBN Targets Major Boost in Agricultural Lending Beyond 5% of Bank Credit
The Central Bank of Nigeria (CBN) has declared its determination to raise agricultural lending beyond the current level of less ...
Read moreNaira Holds Steady Against Dollar at Official and Parallel Markets
The Naira remained stable against the United States Dollar across the official Nigerian Foreign Exchange Market (NFEM) and the parallel ...
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CBN Revises Cash Withdrawal Limits, Ends ₦5m Special Window from January 2026
The Central Bank of Nigeria (CBN) has announced a major revision of its cash withdrawal policy, with the new rules ...
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