CBN

America’s biggest bank JPMorgan moves to launch operations in Nigeria

JPMorgan Chase & Co. has deposited ₦50 billion ($38 million) with the Central Bank...

CBN’s rate cut: What it means for your loans, savings and wallet

The Central Bank of Nigeria just made its biggest single interest-rate move in almost...

CBN cuts interest rate to 23% in biggest rate drop since 2006

The Central Bank of Nigeria (CBN) has delivered its largest interest rate reduction in...

Nigeria current account surplus surges 68% to $7.54bn in Q2

Nigeria’s external financial position strengthened significantly in the second quarter of 2026, driven by...

Nigeria re-enters JP Morgan bond index in frontier market debt benchmark

Nigeria has secured a major return to mainstream global fixed-income benchmarks following JP Morgan’s...

CBN lifts FX, bond restrictions on banks’ discount window access

The Central Bank of Nigeria (CBN) has removed restrictions that previously barred commercial banks...

CBN allows banks to trade FX, buy bonds without losing emergency funding

The Central Bank of Nigeria (CBN) has removed restrictions that prevented commercial banks from...

CBN warns against rejecting ₦100 notes

The Central Bank of Nigeria (CBN) has warned businesses, financial institutions and members of...

Tony Elumelu to retire as UBA chairman, Emmanuel Nnorom named successor

United Bank for Africa (UBA) has announced that its Group Chairman, Tony Elumelu, will...

CBN revokes 46 Microfinance Bank licences

CBN revokes 46 Microfinance Bank licences The Central Bank of Nigeria has revoked the operating...