The Central Bank of Nigeria (CBN) is preparing to withdraw N4.69 trillion from the financial system, following a sharp increase in banking system liquidity. This significant move precedes the ...

Nigeria's central bank mopped up about US$13.2 billion in OMO bills in September; US$8.2 billion matured back, a net US$5.0 billion.

Fact Check: Nigeria’s central bank did not announce new 5,000- and 10,000-naira notes The Central Bank of Nigeria has not announced new cash denominations of 5,000 ($3.12) and 10,000 ($6.25) naira, ...

From 1 October 2026, Nigeria will charge late tax interest on naira debts at the central bank rate plus 1 point, down from 5 ...

ABUJA, Dec 30 (Reuters) - Nigeria's central ‌bank forecasts 4.49% economic growth and ‌inflation easing to an average 12.94% in 2026, citing stable forex markets and rising oil output as reforms take ...

Abuja — Nigeria’s central bank lowered its benchmark lending rate by 350 basis points to 23% on Tuesday, in a surprise move ...

The Central Bank of Nigeria (CBN) has insisted that the success of the banking sector recapitalisation exercise will be measured by the ability of stronger banks to finance the real economy.Speaking ...

At the same time, the bank said there is a need to regulate virtual asset service providers (VASPs), including cryptocurrencies and crypto assets, Reuters reported Wednesday (Dec. 27), citing a Friday ...

The legal battle between the Central Bank of Nigeria (CBN) and investors who bought century-old Union Bank of Nigeria four years ago has escalated to the country’s second-highest court.

Abuja, Nigeria - September 4, 2015: Central Bank of Nigeria headquarters building seen from the street, National Ecumenical Centre in background. On Friday, Dec 22, the Central Bank of Nigeria issued ...

On Jan 4, the Africa Stablecoin Consortium announced that the Central Bank of Nigeria had greenlit their cNGN Naira stablecoin project under the CBN's regulatory sandbox. Following the ASC's recent ...

Minutes from the February meeting showed policymakers making the hawkish case for aggressive interest rate hikes to tame sky-high inflation, which came in at an annual 31.7% in February. Nigeria's ...