Cardoso pushes for localised supply chain in Nigeria’s telecom sector
The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, has emphasised the need for deeper backward integration...
CBN to sanction banks restricting withdrawals below N20,000
The Central Bank of Nigeria (CBN) has warned that it will sanction any bank that prevents customers with sufficient funds...
Nearly 80% of consumers plan to spend money on food and perfumes this Valentine – SBM report
Nigerians are set to increase their spending this Valentine’s Day, with nearly 80 per cent of consumers planning to buy...
Recapitalisation: Tier 3 banks in Nigeria likely to adopt M&A activity and licence downgrades – Fitch
Fitch Ratings, a leading provider of credit ratings, commentary and research, has said that Nigerian third-tier banks are more likely...
CBN ends three free monthly ATM withdrawals for customers using other banks’ ATMs
The Central Bank of Nigeria (CBN) has announced a major revision to its Automated Teller Machine (ATM) transaction fees, effectively...
CBN announces rescheduled February 2025 MPC meeting
The Central Bank of Nigeria (CBN) has announced a new date for the 299th meeting of its Monetary Policy Committee...
CBN postpones February MPC meeting as NBS delays rebased CPI report
The Central Bank of Nigeria has postponed its first Monetary Policy Committee (MPC) meeting for 2025 to March, following delays...
CBN limits BDCs to one dealer bank per week for $25,000 FX
The Central Bank of Nigeria (CBN) has issued new guidelines permitting Bureau de Change (BDC) operators to purchase up to...
Excess government spending poses biggest challenge to monetary policy in Nigeria – MPC member
A member of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC), Murtala Sabo Sagagi, has identified excessive government...
Nigeria’s FX reserves fall by $1.16 billion in January as CBN boosts dollar sales to BDCs
Nigeria’s foreign exchange (FX) reserves declined significantly by $1.16 billion in January 2025, wiping out the $592.58 million gain recorded...
