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CBN
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...
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...
Cardoso Hails AU Approval of Nigeria’s Permanent Seat on African Monetary Institute Board
BY NECHI NAECHE-ESEZOBOR—Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), has welcomed the approval by the African Union (AU) granting Nigeria...
Sterling Bank, AltBank Fully Recapitalised as HoldCo Secures Final Regulatory Approvals
Sterling Financial Holdings Company Plc has confirmed that its core banking subsidiaries, The Alternative Bank (AltBank) and Sterling Bank, are fully recapitalised in...
