cbn

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...

Nigeria’s Monetary Policy Committee (MPC) is expected to maintain the 27.50% interest rate as inflation shows signs of easing. The decision is aimed at supporting naira stability amid global uncertainties and recent drops in food and core inflation. April headline inflation dropped to 23.71%...