CBN grants Flutterwave banking licence to expand financial services
Flutterwave has received a banking licence from the Central Bank of Nigeria (CBN), allowing the fintech giant to move beyond payments and offer broader financial services to businesses across Africa.
CBN receives locally sourced LBMA-Standard Gold into foreign reserves
The Central Bank of Nigeria (CBN) has taken delivery of responsibly sourced gold refined to London Bullion Market Association (LBMA) Good Delivery standards into its foreign reserves.
Decline in import bills triggers $1.28bn trade surplus
Nigeria recorded a $1.28 billion trade surplus in November 2025, representing a 4.06 percent month-on-month increase compared to the $1.23 billion surplus posted in October.
CBN: Oil prices rally brightens naira, foreign reserves’ prospects
With Brent crude trading around $69 per barrel above Nigeria’s 2026 federal budget benchmark of $64.8, the price rally would largely bolster the country’s fiscal revenues, foreign exchange reserves and promote exchange rate stability.
SERAP sues CBN over alleged missing N3trn
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN) “over the failure to account for and explain the whereabouts of the missing or diverted N3 trillion of public funds, including the over N629 billion paid to ‘unknown beneficiaries’ as part of the Anchor Borrowers’ Programme.”
BOI breaks new ground as CBN approves non-interest banking window
The Bank of Industry, BOI, has taken a major step toward expanding ethical and inclusive financing in Nigeria following regulatory approval from the Central Bank of Nigeria, CBN, to operate a Non-Interest Banking, NIB, Window.
