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.

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.”

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.

The Association of Issuing Houses of Nigeria, AIHN has said that the Central Bank of Nigeria, CBN’s aggressive interest rate hikes boosted investors’ demand for fixed income instruments in 2024
President, Association of Issuing Houses of Nigeria, Kemi Awodein, revealed this, during the AIHN’s Annual General Meeting and presentation of 2024 financial statements in Lagos.

“Whether you are a big man or not, we all go to the same market now for dollars. There is no longer unauthorised access to FX.

Standard Chartered Bank Nigeria Limited, has announce that it has successfully fulfilled the Central Bank of Nigeria’s (CBN) ₦200 billion minimum capital requirement for national commercial banks, in advance of the regulatory deadline.

The Central Bank of Nigeria (CBN) has called for the support of state governors across the federation for its ongoing monetary policy reforms, aimed at restoring macroeconomic stability and rebuilding investor confidence in the Nigerian economy.

The naira stability is also driven by inflows from Foreign Portfolio Investors (FPIs), substantial contributions from International Oil Companies (IOCs), and the CBN’s interventions to authorised dealers

He said that there was a link between disciplined fiscal and monetary policies, economic growth, and a gradual reduction in inflationary pressures.

CBN Governor, Cardoso and Minister of State for Finance, Uzoka-Anite presented a united front that underscored a shift in tone and substance

The House of Representatives has summoned the Central Bank of Nigeria (CBN) and major commercial banks to explain the rising wave of arbitrary and unexplained deductions from customers’ accounts across the country.

Cardoso has underscored the importance of clear communication, credible data, and strong coordination between fiscal and monetary authorities

The Central Bank of Nigeria (CBN) has described alternative payment systems as a vital lifeline for rural populations and underserved communities across the country.

The Central Bank of Nigeria (CBN) on Tuesday said that its ongoing reforms and improved policy initiatives are steadily stimulating economic growth, enhancing trade balance, and deepening financial inclusion across the country.

Mr Cardoso described credibility as the “most valuable currency” in central banking.