The Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS), has officially launched the Non-Resident Bank Verification Number (NRBVN) platform.

Socio-Economic Rights and Accountability Project (SERAP) has urged the Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso to “immediately disclose whether the bank has commenced the direct disbursement of allocations to the 774 local government councils in Nigeria from the Federation Account with the CBN and to widely publish the amounts, if any, so far directly sent to each of the councils.”

The Central Bank of Nigeria, CBN recorded a 41.3 percent year-on-year, YoY decline in loss to N680.62 billion loss in the financial year ending December 31st 2024  from N1.16 trillion loss recorded in 2023.

The Central Bank of Nigeria (CBN) has announced revised documentation requirements for transactions conducted through the Pan-African Payment and Settlement System (PAPSS) in Nigeria.

*Says Nigeria is increasingly recognised as a rising economic force By Babajide Komolafe & Emma Ujah, Washington DC Governor Central Bank of Nigeria, CBN, Mr. Olayemi, has said that the apex bank will redouble its efforts to sustain the gains of recent reforms and achieve a single-digit inflation rate. Cardoso said this while speaking alongside […]

Governor, Central Bank of Nigeria, CBN, Mr. Olayemi Cardoso yesterday assured the global investment community that the apex bank will strengthen its processes so as to sustain gains from recent reforms and confidence in the economy.

The Central Bank of Nigeria,  CBN, today said that economic activities expanded for the third consecutive month at 52.3 index points in March 2024.

By Babajide Komolafe, Economy Editor The Central Bank of Nigeria (CBN) has announced a Balance of Payments (BOP) surplus of $6.83 billion for the 2024 financial year, signaling a strong recovery from deficits of $3.34 billion in 2023 and $3.32 billion in 2022. The announcement was made in a statement signed by the Acting Director […]

The Central Bank of Nigeria, CBN, said it sold $197.71 million to boost liquidity in the foreign exchange market.

The Central Bank of Nigeria (CBN) has dismissed claims that it has introduced new N5,000 and N10,000 notes, labeling the reports as false.

The Central Bank of Nigeria (CBN) has reported a Net Foreign Exchange Reserve (NFER) of $23.11 billion as of the end of 2024, marking the highest level in over three years.

Nigeria’s economy is set to experience a major boost following the transformation of the National Theater and the commencement of the Lagos Creative and Entertainment City, courtesy of a N22 billion financing by the Bankers Committee.

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reiterated the bank’s commitment to fostering intellectual engagement and policy-driven solutions.

“I went directly to Aso Rock, where I had always been welcomed before. But this time, the reception was different. The staff who would normally rush to usher me in ignored me completely”

CBN noted that the industry, services and agriculture sectors recorded expansion with 50.5 index points, 51.1 index points and 53.1 index points respectively during the review period.