Tag: CBN
CBN grants JP Morgan approval-in-principle to set up merchant bank
The Central Bank of Nigeria (CBN) has granted approval-in-principle to JP Morgan to set up a merchant in the country. The move eases the...
CBN Cuts Interest Rate by 3.5 Points: What the MPR Decision...
CBN Cuts Interest Rate by 3.5 Points: What the MPR Decision Means for Nigerians, Businesses and the Economy
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The Central Bank of Nigeria...
CBN disowns purported $46 billion grant approval
The Central Bank of Nigeria (CBN) has disowned a purported document claiming that Governor Yemi Cardoso approved a $46 billion developmental grant to an...
CBN Says Economic Gains Will Soon Reach Nigerian Households
The Central Bank of Nigeria has expressed optimism that the benefits of the country’s recent macroeconomic improvements will soon begin to reach households and...
CBN to prioritise terrorism financing supervision
The Central Bank of Nigeria (CBN) has prioritised the supervision of terrorism financing as part of efforts to protect the country’s financial system from...
Nigeria Records Record $947m Remittance Inflow in July 2026 – CBN
Nigeria recorded a record $947 million in remittance inflows through International Money Transfer Operators (IMTOs) in July 2026, according to the Central Bank of...
CPPE urges CBN to rethink development finance, says real sector faces...
The Centre for the Promotion of Private Enterprise (CPPE) has urged the federal government and the Central Bank of Nigeria (CBN) to overhaul the...
CBN issues operational guidelines for BDCs’ forex purchases from banks, introduces...
The Central Bank of Nigeria (CBN) has issued detailed operational guidelines for Bureau De Change (BDC) operators to purchase foreign exchange from authorised dealer...
CBN warns against rejection of N100 banknotes
The Central Bank of Nigeria (CBN) has reiterated that both the commemorative N100 banknote and the standard N100 banknote remain legal tender in Nigeria...
CBN Revokes Licences of 46 Microfinance Banks
BY NKECHI NAECHE-ESEZOBOR—The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks with effect from July 1, 2026, as...
