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Money

CBN Alerts Public to Fake Messages, Fraudulent Links

The Central Bank of Nigeria (CBN), on Tuesday   warned members of the public about the circulation of fraudulent messages, emails, and online...

Money

Breaking: CBN Launches Nigerian Overnight Financing Rate to Deepen Money Market

BY NKECHI NAECHE-ESEZOBOR—The Central Bank of Nigeria (CBN), in collaboration with the Financial Markets Dealers Association (FMDA), has introduced the Nigerian Overnight Financing...

Money

Nigerian Banks Raise ₦4.65 Trillion as CBN Ends Recapitalisation Drive

Nigerian banks have successfully raised a total of ₦4.65 trillion in fresh capital following the conclusion of the Central Bank of Nigeria’s (CBN)...

Money

Court Ruling Won’t Affect Union Bank Operations, Says CBN

BY NKECHI NAECHE-ESEZOBOR—The Central Bank of Nigeria (CBN), has said  the recent court ruling will not affect the operations or financial stability of...

Fraud

EFCC, CBN Boost Anti-Money Laundering Efforts in Enugu

The Economic and Financial Crimes Commission (EFCC) and the Central Bank of Nigeria (CBN) have reaffirmed their commitment to strengthening collaboration in Enugu...

Money

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...

Money

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...

Money

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...