Search results for Central Bank Of Nigeria (Cbn)

Cyber Alert: Central Bank of Nigeria Warns Nigerians Over Surge in Fake Emails Targeting Bank Accounts

The Central Bank of Nigeria (CBN) has raised alarm over a growing wave of fraudulent emails, messages, and online communications designed to deceive Nigerians and compromise person...

CBN won’t go back to interventions that distort the market anymore — CBN governor Cardoso

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has cautioned against renewed pressure on the apex b

BREAKING: CBN Keeps Rates Steady at 26.5% Despite Inflation Pressure

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 26.5 percent, maintaining the benchmark interest rate at its...

Court affirms CBN’s sole ownership of eNaira platform

CBN: Union, Keystone, Polaris Banks Will Meet Capital Threshold, Actively Raising Funds

• Urges customers not to fret, continue regular transactions  •Apex bank sets up payments committee to fast-track industry reforms  •NCC, NDIC, SEC are key committee members Nume E...

CBN Pumps N9.7 Trillion Into Market as Naira Records April Recovery

Nigeria’s foreign exchange market showed greater stability in April 2026 as the naira strengthened against the United States dollar, supported by aggressive liquidity-control measu...

CBN moves to simplify bank alerts amid rising customer complaints

The Central Bank of Nigeria (CBN) and commercial banks are reviewing the large number of transaction alerts sent to customers and the complaints about bank charges.

CBN retains interest rate at 26.5%

The decision comes after the central bank earlier reduced the Monetary Policy Rate (MPR) by 50 basis points in February, bringing it down from 27 per cent, a level it had held stea...

CBN commences pilot programme on Flutterwave, Paystack, others to strengthen virtual asset oversight

According to the apex bank, the pilot forms part of the Bank’s risk-based supervisory programme and supports ongoing efforts to strengthen financial system stability and market int...

CBN extends PoS geo-fencing deadline

The Central Bank of Nigeria has extended the enforcem

CBN Stands Firm as Fiscal Risks Mount

Behind the CBN’s calm rate pause lies rising fear over inflation, political spending, and economic stability, writes Festus Akanbi The Central Bank of Nigeria’s (CBN) decision to r...

CBN Cautions Banks on Risk After N4.6tn Capital Boost

The Central Bank of Nigeria has warned lenders against taking on excessive risk following the completion of the banking sector recapitalization program, urging a stronger focus on...

CBN Holds Back on More Rate Cuts Amid Global Inflation Fears

Nigeria’s Central Bank is slowing down plans for further interest rate reductions as global inflation concerns and economic uncertainty continue to shape monetary policy decisions....

CBN unveils new forex manual to boost market liquidity

The CBN launches its fourth edition Foreign Exchange Manual, aiming to improve transparency, liquidity, and confidence in Nigeria’s forex market. Read More: https://punchng.com/cb...

CBN says Nigeria’s foreign exchange turnover rises above $400m daily

According to Mr Cardoso, the apex bank recorded an average daily turnover of about $100 million in late 2023 when he assumed office, but the figure has now increased significantly...

How our policies saved Nigeria from economic disaster — CBN deputy governor

CBN Deputy Governor Emem Usoro explains how the bank’s ongoing reforms and policies have saved Nigeria’s economy from disaster, ensuring stability and grow Read More: https://punc...

Why CBN Is Engaging Virtual Asset Firms

   Nume Ekeghe writes on the Central Bank of Nigeria’s quiet but strategic engagement with virtual asset service providers, and how the move is aimed at strengthening financial sys...

CBN Raises N5.63 Trillion as Investors Rush High-Yield OMO Bills

The Central Bank of Nigeria intensified its liquidity control efforts in May after attracting massive investor interest in Open Market Operations bills, with total sales hitting N5...

CBN: 33 of 37 Banks Met New Capital Requirements, Raised N4.65trn

• Banks now well-positioned to support economic growth, withstand domestic, external shocks, says Cardoso • Declares all banks fully operational to customers  •Reveals 72.55% of ca...

Central Bank of Nigeria Selects Six Entities for New Virtual Asset Pilot

The Nigerian central bank has launched a pilot program to supervise anti‑money laundering and counter‑terrorism financing compliance among crypto and fintech firms. Six VASPs Tappe...

Court affirms FCCPC’s authority to investigate bank customers’ complaints

In its ruling, presiding Justice James Omotosho affirmed the commission’s statutory authority to investigate consumer complaints involving banks and other financial institutions. T...

CBN alerts public to fraudulent messages, cybersecurity hack attempts

The Bank further urged Nigerians to only rely on information on its official website and recognized media outlets, and to also refrain from clicking suspicious links from unauthori...

CBN Hikes ATM Card Fee to N1,500, Abolishes Monthly Maintenance Charges

James Emejo in Abuja The Central Bank of Nigeria (CBN) has increased the cost of issuing and replacing Automated Teller Machine (ATM) debit and credit cards by 50 per cent,

Cybersecurity: Nigerian banks face tight CBN deadline

The Central Bank of Nigeria (CBN) has issued a strict directive to banks and other financial institutions, requiring them to complete a cybersecurity self-assessment within a speci...