Browsing Tag
CBN
91 posts
Central Bank of Nigeria Withdraws Operating Permits for 46 Microfinance Banks
The Central Bank of Nigeria has stripped 46 microfinance banks of their licenses for failing to meet regulatory obligations, including capital requirements and operational mandates.
Naira Value Slips Against Dollar in Both Parallel and Official Markets
The Naira weakened in both the parallel and official markets as the exchange rate margin widened, despite a significant rise in interbank trading volume.
Naira Slips Further Against Dollar as New Week Begins on June 29, 2026
The Nigerian Naira experienced further decline in the official market on June 29, 2026, while remaining stable within the parallel market.
Muhammadu Sanusi II criticizes National Assembly for neglecting CBN borrowing oversight
Emir of Kano Muhammadu Sanusi II blames the National Assembly for failing to stop the federal government from violating legal borrowing limits set for the Central Bank of Nigeria.
CBN Blocks Bank Accounts of Adamu Ciroma and Others Tied to Terrorism Funding
The Central Bank of Nigeria has mandated the immediate freezing of accounts belonging to five individuals and a Bureau de Change firm over allegations involving terrorism financing.
CBN Instructs Financial Institutions to Freeze Assets of Terrorism Financing Suspects
The Central Bank of Nigeria has ordered banks to freeze assets belonging to six individuals and four BDC operators accused of terrorism financing, following a government update to the national sanctions list.
OPay and the Expansion of Financial Access Across Nigeria
OPay is playing a critical role in Nigeria's push for financial inclusion by providing accessible, reliable, and secure digital payment solutions to millions of citizens, including those in underserved regions.
Naira weakens against dollar in both official and parallel markets
The Naira recorded losses in both official and parallel exchange markets on Wednesday, narrowing the price gap between the two sectors.
Central Bank Governor Cardoso Starts Naira Ambassadors Initiative
CBN Governor Olayemi Cardoso has introduced the Naira Ambassadors Club to encourage young students to handle the national currency with care and responsibility.
Nigeria’s Net Foreign Exchange Inflow Declines by 24 Percent
The Central Bank of Nigeria reported a 24 percent monthly decline in net foreign exchange inflow, dropping to $6.92 billion in February 2026 due to reduced capital activity.