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Money

CBN Introduces Revised Foreign Exchange Guide for Improved Market Efficiency

The Central Bank of Nigeria has introduced the fourth edition of its Foreign Exchange Handbook as part of efforts aimed at improving openness,...

Money

Reaffirms Commitment to Stronger Shariah Governance in Non-Interest Finance Sector

BY NKECHI NAECHE-ESEZOBOR—The Central Bank of Nigeria (CBN) has reaffirmed its commitment to strengthening Shariah governance, regulatory clarity, and risk management within the...

Money

CBN Warns Against Rising State Debt

BY NKECHI NAECHE-ESEZOBOR—The Central Bank of Nigeria (CBN) has warned that reckless borrowing, uncontrolled spending and poor fiscal coordination by State Governments could...

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...