On CBN’s relentless quest to curb bank frauds
By ARIZE NWOBU The Central Bank of Nigeria, CBN, is in the forefront of a collaboration with other regulatory institutions to curb bank frauds and the results are manifest. Fraud losses fell to N25.85 billion from N52.26 billion in 2025, representing a 51 percent drop. Also reported cases dropped to 67, 518 from 70, 111, representing a […]
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.
CBN rate hike boost fix income market – AIHN
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.
Strong FX inflows, tighter controls driving Naira stability, says CBN
“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 meets CBN’s N200 bn minimum capital requirement ahead deadline
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.
