CBN

CBN cuts interest rate the second time in five months

Nigeria’s central bank has cut its benchmark interest rate for the second time in...

Finance Ministry, CBN scramble to pay Super Eagles after boycott threat at AFCON

Nigeria is racing to avert a crisis at the ongoing Africa Cup of Nations...

CBN counts pre-election spending as growth boost for 2026 despite risks

Nigeria’s central bank is projecting a stronger economic expansion in 2026, explicitly counting increased...

CBN shuts Aso Savings, Union Homes as NDIC begins paying customers

The Central Bank of Nigeria (CBN) has revoked the operating licences of Aso Savings...

Finally, Nigerians can get refunds after bank fraud as CBN sets new rules

Nigerians who lose money through their bank accounts to scammers may soon have a...

CBN caps daily cash withdrawals via agent banking at ₦100,000

The Central Bank of Nigeria (CBN) has issued fresh guidelines for agent banking operations...

Central Bank of Nigeria cuts interest rate for the first time since 2020

Nigeria’s central bank has lowered its benchmark lending rate for the first time in...

What’s driving the naira’s rally – and will it last?

The naira broke through a key psychological barrier on Monday, climbing below ₦1,500 to...

TIMELINE: Otudeko cleared of N12.3bn fraud a week after massive share sale

Nigeria’s anti-graft agency has withdrawn a high-profile ₦12.3 billion fraud case against Oba Otudeko,...

First Bank (First HoldCo) gets a new top buyer. Here’s who’s behind the deal

A dramatic shift in the ownership structure of Nigeria’s oldest bank, First Bank, is...