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The Nigerian Communications Commission (NCC) has directed all banks to stop debiting USSD transaction charges from customers’ bank accounts, with effect from Tuesday, June 3, 2025....
The embattled former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has submitted a petition to the Court of Appeal in Abuja, requesting the...
The Central Bank of Nigeria (CBN) has introduced a draft titled ‘Baseline Standards for Automated Anti-Money Laundering’ (AML) solutions, aimed at promoting the adoption of emerging...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has unanimously decided to maintain the Interest Rate at 27.50%. This decision was announced...
The Central Bank of Nigeria (CBN) has assured the general public that the nation’s banking sector remains strong, secure, and stable. Speaking via a statement by...
The Central Bank of Nigeria (CBN), in partnership with the Nigeria Inter-Bank Settlement System (NIBSS), has officially introduced the Non-Resident BVN (NRBVN), a secure digital platform...
The Socio-Economic Rights and Accountability Project (SERAP) has called on the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, to immediately disclose whether the...
The House of Representatives on Thursday summoned key officials from the Federal Government to explain the continued non-payment of contractors for completed projects dating back to...
The Nigerian currency, the Naira, experienced a decline in the official market, trading at ₦1,602.18 per dollar. According to data from the Central Bank of Nigeria...
The Central Bank of Nigeria (CBN) reported a 41.3 per cent year-on-year reduction in losses, amounting to ₦680.62 billion for the financial year ending December 31,...
The Central Bank of Nigeria (CBN) has introduced updated documentation requirements for transactions carried out via the Pan-African Payment and Settlement System (PAPSS) in Nigeria. In...
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has stated that the apex bank’s policies are yielding the necessary results to stabilise the nation’s economy. Naija...
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, and the bank’s Director of Legal Services, Kofo Salam-Alada, are facing contempt proceedings for allegedly...
The House of Representatives Special Committee, tasked with investigating the use of take-off grants, bailout funds, and intervention allocations to government institutions, summoned key government bodies...
The Federal High Court sitting in Abuja is set to hear a suit filed by the Association of Local Governments of Nigeria (ALGON) against the Central...
The House of Representatives has launched an investigation into how government intervention funds and agricultural financing were utilized by various ministries, departments, and agencies between 2017...
Investigations have revealed that State governors have warned council chairmen against opening an account with the Central Bank of Nigeria (CBN) for the direct payment of...
Central banks worldwide are accelerating efforts to launch digital currencies as part of a broader strategy to modernize financial systems, enhance payment efficiency, and drive financial...
The World Bank has clarified that its planned $10.50 million financing to the Central Bank of Nigeria (CBN) is a grant, not a loan. This clarification...
The Central Bank of Nigeria (CBN) has vehemently denied online claims that it had introduced ₦5,000 and ₦10,000 banknotes to ease cash transactions. In a statement...