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CENTRAL BANK OF NIGERIA
News and analysis about Central Bank of Nigeria
The International Monetary Fund (IMF) has backed the Central Bank of Nigeria’s (CBN) sustained tight monetary policy stance, describing it as a critical tool in managing inflation and safeguarding macroeconomic stability.
Nigeria’s broad money supply declined for the second time this year, falling slightly to N119.01 trillion in May 2025, according to fresh data from the Central Bank of Nigeria (CBN).
This article examines the impact of CBN's directive temporarily suspending dividend payments, bonuses, and foreign subsidiary investments for banks operating under regulatory forbearance.
The Central Bank of Nigeria (CBN) has warned Nigerian banks and fintechs to be wary of cybersecurity risks as they move into open banking.
Bureau De Change (BDC) operators have insisted that there is an extremely large amount of foreign exchange liquidity in the system that is unaccounted for.
The Central Bank of Nigeria (CBN) has accused the Nigeria Governors Forum and other "interlopers" of delaying the N85 billion contract for the construction of 774 healthcare centers across Local Government Areas in Nigeria through their respective pending litigations.
The Federal High Court in Abuja has scheduled June 23 to hear a contempt (committal to prison) suit against the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, and two others over their alleged disobedience of a Supreme Court judgment.
Despite tough macroeconomic conditions, ten commercial banks listed on the Nigerian Exchange (NGX) recorded a total of N3.77 trillion in loan impairment charges spanning full-year 2023, full-year 2024, and the first quarter of 2025.
The Naira has ended the week with mixed performances, ending the week strong in the parallel market and depreciating in the official market on Friday.
The Central Bank of Nigeria (CBN) has issued a fresh directive instructing banks operating under regulatory forbearance to suspend dividend payments, defer bonuses for executives, and halt investments in foreign subsidiaries or offshore ventures.
The Naira has continued to extend its week-long appreciation stretch across official and parallel foreign exchange markets following the Sallah holidays.
The Central Bank of Nigeria (CBN) recapitalization deadline for Bureau De Change (BDC) operators officially expired today, prompting renewed appeals from industry stakeholders for an extension to safeguard three million jobs and ensure compliance with new financial requirements.