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Central Bank of Nigeria
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...
Emefiele Trial: Witness Tells Court $6.23m Released for Foreign Election Observer Mission Was ‘Pure Theft’
BY SUNDAY SAMUEL—Proceedings in the trial of former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, continued on Thursday before Justice Hamza Muazu...
Nigerian Stock Market to Rebound in H2 2026 Despite Economic, Political Risks – Expert
BY NKECHI NAECHE-ESEZOBOR—Nigeria’s stock market is expected to record a mild recovery in the second half of 2026, driven by stronger corporate earnings,...
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...
Sovereign Trust Insurance Steps Up Recapitalization with ₦1.5B CBN Deposit
BY NKECHI NAECHE-ESEZOBOR—Sovereign Trust Insurance Plc has successfully advanced its ongoing recapitalization programme by fulfilling its statutory deposit of N1.5 billion with the...
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...
