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CBN
CBN Revokes Licences of 46 Microfinance Banks
BY NKECHI NAECHE-ESEZOBOR—The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks with effect from July 1, 2026,...
Enterprise Life Assurance Meets Full Regulatory Capital Requirements, Boosts Liquidity
BY NKECHI NAECHE-ESEZOBOR—Enterprise Life Assurance (Nigeria) Limited has announced the full remittance of its statutory deposit of N1 billion to the Central Bank...
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,...
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...
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...
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...
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...
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)...
