CBN redeploys four deputy governors
The bank said such changes were “to make use of the experience of senior officials in different areas of responsibility and to support evolving institutional priorities.”
CBN assures of Union Bank’s stability
Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) has assured the public of Union Bank Plc’s stability. In a late Wednesday night statement, following the court ruling on the removal of Union Bank’s board in 2024, CBN highlighted that Union Bank continues to meet its obligations to its customers. The signed by […]
CBN seeks continental collaboration to check cross‑border risks
Cardoso also restated the CBN’s commitment to entrenching robust corporate governance in Nigeria’s financial system.
CBN reaffirms commitment to inflation-targeting monetary policy
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to deepening engagement with the academic and research community as Nigeria progresses toward a fully-fledged Inflation Targeting (IT) monetary policy regime.
CBN bags global ‘Central Bank of the Year’ award
The Central Bank of Nigeria, CBN, has been named Central Bank of the Year by Central Banking magazine, in recognition of sweeping reforms that restored macroeconomic stability and investor confidence in Nigeria.
CBN reaffirms commitment to inflation targeting, eyes 6–9%
The Central Bank of Nigeria (CBN) has reiterated its commitment to advancing an inflation-targeting monetary policy framework, emphasizing the goal of steering headline inflation into a 6–9 percent range.
Nigeria’s Balance of Payment falls 38% to $4.23bn in 2025
…Crude oil exports decline 14.41% to $31.54bn…Foreign portfolio investments down 48.3% to $8.04…Current account surplus falls 26%By Babajide Komolafe, Economy Editor and Elizabeth Adegbesan Nigeria’s external sector faced significant headwinds in 2025, as the country’s overall Balance of Payments (BOP) surplus plummeted by 38.1 per cent to $4.23 billion, down from the $6.83 billion recorded […]
CBN-led banks recapitalisation hastens FG’s quest for $1trn economy
By March 31, the ongoing recapitalisation of banks driven by the CBN will be over. Seen as one of the most ambitious exercises
30 banks meet CBN recapitalisation rules 19 days to deadline
By Peter Egwuatu, Assistant Business Editor As at today, 12th March 2026, 30 banks out of the 35 banks operating in the country have met the recapitalisation requirement of the Central Bank of Nigeria, CBN, according to findings by Vanguard. The remaining five banks have 19 more days to meet the recapitalisation deadline which ends […]
Reflections on CBN and interest rate dynamics
By ARIZE NWOBU Interest rate is the cost of money and one of the major macroeconomic variables which determine the dynamics, direction and health of an economy. Other major macroeconomic variables are exchange rate, inflation rate, unemployment rate, imports and exports and consumer confidence. Central banks determine the interest rates for their respective economies towards attaining […]
Middle East crisis, FPI exit, weaken Naira to N1,425/$
The Naira yesterday depreciated to N1,425 per dollar in the official market, the lowest in two months, following rising dollar demand triggered by ongoing war in the Middle East.
