Reflections on CBN and interest rate dynamics
By ARIZE NWOBU Interest rate is the cost of money and one of the major macroeconomic variables which determine the dynamics, direction and health of an economy. Other major macroeconomic variables are exchange rate, inflation rate, unemployment rate, imports and exports and consumer confidence. Central banks determine the interest rates for their respective economies towards attaining […]
CBN revokes Aso Savings, Union Homes Licences
The Central Bank of Nigeria (CBN) has revoked the operating licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc.
CBN’s FX reforms open new opportunities for growth, non-oil exports
The ongoing drop oil-prices is being cushioned by the Central Bank of Nigeria CBN’s) flexible foreign exchange (FX) regime, rising non-oil exports, and growing services trade.
Senate seeks explanation from CBN over alleged non-remittance of N1.44tr surplus
THE Senate has asked the Central Bank of Nigeria, CBN, to provide a comprehensive explanation for the alleged non-remittance of N1.44 trillion in operating surplus.
Breaking: CBN scraps cash deposit limits, raises weekly withdrawal threshold
The Central Bank of Nigeria (CBN) has removed all limits on cash deposits, marking a significant reversal of earlier cash-tightening measures introduced under the previous administration.
Foreign Direct Investment loses ground despite surge in inflows
Against the backdrop of the declaration by the Federal Government that Nigeria’s economy has turned the corner to stability and recovery, going by some macroeconomic indicators, current trend in foreign investments inflow has indicated that foreign investors are yet to buy into the position.
Economic activities expand for 12th consecutive month in November – CBN
Economic activities in Nigeria continued their growth streak, expanding for the 12th consecutive month in November 2025, according to the Central Bank of Nigeria (CBN).
Banks record higher default rates on secured loans in Q3 2025 — CBN Survey
A new report by the Central Bank of Nigeria (CBN) shows that banks recorded increased default rates on secured loans in the third quarter of 2025 (Q3’25), even as credit availability rose across various lending categories.
Abuse of Naira remains a punishable offense, CBN warns
The Central Bank of Nigeria (CBN) has warned Nigerians to stop abusing the naira, stressing that the national currency is a symbol deserving respect and proper handling.
SERAP gives CBN 7 days to ‘account for missing N3 trillion of public funds’
Socio-Economic Rights and Accountability Project (SERAP) has urged Mr. Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), “to promptly account for and explain the whereabouts of the missing or diverted N3 trillion of public funds, as documented in the recently published 2022 annual report by the Auditor-General of the Federation.”
CBN: FATF grey list exit lifts naira, as reserves cross $43bn
The financial markets have responded positively to the Financial Action Task Force (FATF) removal of Nigeria from its grey list of countries with money laundering and terrorist financing risks. The naira, foreign reserves and investors’ confidence have soared to new heights.
