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President Tinubu nominates Lamido Abubakar Yuguda as CBN Deputy Governor
President Bola Ahmed Tinubu has approved the appointment of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria, subject to...
CBN Boosts Reserves with $3.5bn LBMA-Standard Gold Acquisition
BY NKECHI NAECHE -ESEZOBOR—The Central Bank of Nigeria (CBN) has strengthened its foreign reserves with the acquisition of $3.5 billion worth of gold...
Nigeria’s Net Foreign Reserves Surge to $34.8billion – CBN
Nigeria’s net foreign reserves surged to $34.8 billion at the end of 2025, marking a substantial improvement in the country’s external buffers, the...
AltBank Joins IIFM to Align Nigeria’s Non-Interest Banking with Global Standards
The Alternative Bank (AltBank) has joined the International Islamic Financial Market (IIFM), a global standard-setter for Islamic finance documentation and market guidance. This...
Nigeria’s Central Bank Lowers Rate, Foreign Reserves Surge to $50bn
BY NKECHI NAECHE-ESEZOBOR—Nigeria’s Central Bank of Nigeria has reduced its key interest rate to 26.5 percent, citing easing inflation and stronger banking sector...
MPC Reduces MPR by 50bps to 26.50%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) at today’s policy meeting, voted to: Reduce the MPR by 50bps...
Cardoso: 20 Banks Meet CBN Capital Requirement as ₦4.05trn Recapitalisation Gains Momentum
BY NKECHI NAECHE-ESEZOBOR—Central Bank of Nigeria Governor, Mr. Olayemi Cardoso, has disclosed that a total of ₦4.05 trillion has been verified and approved...
Zenith Bank Warns Public Against Fake Investment Endorsement
Zenith Bank Plc has advised members of the public to disregard videos circulating online falsely linking its Group Chairman, Dr. Jim Ovia, to...
