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CBN
CBN Cuts Interest Rate to 23%, First Reduction Since July Hold
BY NKECHI NAECHE-ESEZOBOR—Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has announced a cut in its Monetary Policy Rate (MPR) from 26.5%...
CBN Strengthens Supervisory Focus on Terrorism Financing Risk
BY NKECHI NAECHE-ESEZOBOR—The Central Bank of Nigeria (CBN) on Tuesday elevated terrorism financing supervision to a current supervisory priority, as part of its...
Nigeria’s Remittances Hit Record $947m in July, Nearing CBN’s $1bn Monthly Target
Nigeria recorded US$947 million in remittance inflows through International Money Transfer Operators (IMTOs) in July 2026, the highest monthly inflow ever recorded through...
Domestic Investors Fuel NGX 57% Surge as Foreign Participation Drops to 12.1%
BY NKECHI BAECHE-ESEZOBOR—Managing Director of Coronation Asset Management, Aigbovbioise Aig-Imoukhuede, said Nigeria’s equities market recorded a 57 per cent return in the first...
CBN Opens Applications for Second Cohort of Regulatory Sandbox Programme
The Central Bank of Nigeria has announced the commencement of the second cohort of its Regulatory Sandbox Programme, with a new dual-track structure...
Cardoso, Okonjo-Iweala to Headline 7th Africa Emerging Markets Forum
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, and the Director-General of the World Trade Organisation (WTO), Dr. Ngozi...
Again, CBN Retains Interest Rate at 26.5%
BY NKECHI NAECHE-ESEZOBOR—–Nigeria’s apex bank, the Central Bank of Nigeria retained the Monetary Policy Rate (MPR), the country’s benchmark interest rate, at 26.5...
UBA Announces Tony Elumelu’s Retirement, Appoints Emmanuel Nnorom as Group Chairman
United Bank for Africa Plc has announced that Mr. Tony Elumelu, Group Chairman of UBA, will retire from the Board of Directors of...
