cbn

The Digest: Former Central Bank Governor and Emir of Kano, Muhammadu Sanusi II, has strongly defended the removal of the petrol subsidy, stating it prevented Nigeria from impending bankruptcy. Speaking at the Kano International Poetry Festival, the monarch argued that the subsidy regime was...

The Digest: With six months until the March 2026 deadline, only six of Nigeria’s 13 listed banks have successfully met the Central Bank’s stringent new capital requirements. This slow progress reveals the immense pressure on financial institutions to fortify themselves against economic...

The Digest: Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has indicated that lending rates could decrease once inflationary pressures subside and market efficiency improves. Speaking at the European Business Chamber forum in Lagos, Cardoso emphasized that current monetary tightening...

The Digest: In the race for capital, a new report by SB Morgen (SBM) Intelligence warns that Nigeria's Tier-2 banks are under mounting pressure to meet the CBN's 2026 recapitalisation deadline, or risk being part of a merger wave. The report highlights how key banks are responding to the new...

The Digest: Guaranty Trust Holding Company Plc (GTCO) has increased its investment in Guaranty Trust Bank Limited (GTBank), injecting a fresh capital of ₦365.9 billion. This strategic move, which marks a significant Capital Consolidation, is aimed at ensuring the bank's compliance with the new...

The Digest: The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has announced that diaspora remittance inflow has surged from $200 million to $600 million monthly. Key Points: CBN Governor Olayemi Cardoso announced a surge in diaspora inflow. The monthly inflow increased...

The Digest: The Central Bank of Nigeria (CBN) has mandated that all Point of Sale (PoS) terminals be geo-tagged within the next 60 days. This directive, a new step in the fight against financial fraud, effectively creates a Digital Watchtower that will monitor and secure digital payments...

The Digest: Nigerian banks have announced that students can now pay international tuition fees directly from their naira accounts through the Central Bank of Nigeria’s (CBN) Form A platform. The service, which allows payment for educational fees abroad, has been streamlined following improved...

The Digest: The Central Bank of Nigeria (CBN) has confirmed that eight commercial banks have fully met their recapitalisation targets, signaling a strong step towards strengthening the financial sector. Governor Olayemi Cardoso shared the news after the latest Monetary Policy Committee (MPC)...

The Digest: In a promising shift, Nigerians are regaining trust in the naira, as confirmed by the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso. Speaking at the post-MPC press briefing in Abuja, Cardoso attributed the growing confidence to ongoing monetary reforms and...

The Digest: The Central Bank of Nigeria (CBN) decided to maintain its Monetary Policy Rate (MPR) at 27.5%, despite inflation easing for the third consecutive month. Governor Olayemi Cardoso highlighted key risks ahead as inflationary pressures persist. Following a two-day meeting, the...

The Digest: The Central Bank of Nigeria (CBN) has announced the date for the 301st Monetary Policy Committee (MPC) meeting, set for July 21-22, 2025. The meeting will focus on Nigeria’s interest rate, inflation, and possible monetary policy adjustments, following a recent drop in inflation to...

The Digest: The Central Bank of Nigeria (CBN) has set the dates for the 301st Monetary Policy Committee (MPC) meeting on July 21-22, 2025. The meeting will focus on critical decisions regarding the country’s interest rate. This comes after the MPC’s last decision to maintain the policy rate at...

The Digest: Stanbic IBTC Bank has successfully met the Central Bank of Nigeria's (CBN) recapitalisation requirements, achieving a robust financial base through its parent company's oversubscribed Rights Issue. Key Points: Stanbic IBTC Bank met CBN recapitalization requirements. Parent...

The Digest: The Central Bank of Nigeria (CBN) has directed banks to submit detailed Capital Restoration Plans within 10 working days after each quarter ends, beginning with June 30, 2025. This directive is part of efforts to stabilize the financial system post-pandemic. Key Points: Banks must...

The Digest: The Central Bank of Nigeria (CBN) has moved to clarify confusion surrounding Bank Verification Number (BVN) charges, confirming that BVN enrolment for Nigerians in-country remains entirely free. The apex bank, through its Acting Director of Corporate Communications, Mrs. Hakama...

Here are today's top 7 trending stories shaping headlines across Nigeria. From politics and the economy to security and a global tragedy, each update reflects the country’s shifting centre of gravity. When the Centre Shifts (Reported by Punch, Vanguard, TheCable, Naija News, and other major...

Not all growth comes with gains, especially when it’s forced. The Central Bank of Nigeria’s new directive has put the brakes on banks’ dividend payouts, offshore investments, and bonuses, targeting lenders leaning on regulatory forbearance. But while aimed at sectoral stability, Premium Times...

The Central Bank of Nigeria (CBN) has barred financially distressed banks benefiting from regulatory leniency from paying dividends or bonuses, in a move aimed at stabilising the sector ahead of the 2026 recapitalisation deadline. No Dividends, No Bonuses: Banks under regulatory forbearance...

A parallel financial ecosystem worth $4 billion has been quietly building strength through regulatory innovation and growing sophistication, operating beyond the headlines that dominate conventional banking. Fitch Ratings forecasts a boom in Nigeria's Islamic finance sector from the second half...