Business CBN announces revised documentation requirements for PAPSS transactions Oluwadamilare Emmanuel Apr 29, 2025 The Central Bank of Nigeria (CBN) has announced a review of the documentation requirements for transactions conducted through the…
Business UBA shareholders return Elumelu as chairman, says Bank will meet… Oluwadamilare Emmanuel Apr 25, 2025 Newly returned chairman of United Bank for Africa (UBA) Plc, Tony Elumelu has assured that the bank will raise N144.8 billion in…
News Currency in circulation drops to N5trn – CBN Alagbe Shenayon Apr 22, 2025 The Central Bank of Nigeria (CBN) has reported a decrease in Nigeria's currency in circulation, which fell to N5 trillion in March…
Business Comply with applicable Nigerian, UN sanctions lists, CBN tells Banks Oluwadamilare Emmanuel Apr 18, 2025 The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to comply with applicable Nigerian and…
Business Tariff Shock: Oil declines, CBN sells $198 million to support Naira Alagbe Shenayon Apr 7, 2025 Crude oil prices have dropped by more than 12%, now hovering around $65.50 per barrel, following the implementation of extensive…
News CBN Boosts FX Market With $197.71m Amid Trump Tariffs Alagbe Shenayon Apr 6, 2025 The Central Bank of Nigeria (CBN) has injected $197.71 million to promote market liquidity and stability in the foreign…
Business CBN breaks silence on alleged introduction of N5,000, N10,000 notes Oluwadamilare Emmanuel Apr 3, 2025 The Central Bank of Nigeria (CBN) has denied introducing N5,000 and N10,000 currency notes. The apex bank was reacting to a…
News Nigeria’s net reserve hits $23bn, highest in over three years — CBN Esther Adekanla Apr 2, 2025 Nigeria’s Net Foreign Exchange Reserve (NFER) at the end of 2024 stood at $23.11 billion, marking the highest level in over three…
Business CBN projects gradual inflation drop in next six months Alagbe Shenayon Mar 19, 2025 The Central Bank of Nigeria (CBN) has projected a gradual drop in inflation rate over the next six months. This is contained in…
News Suspend ATM charges hike, Reps tell CBN Alagbe Shenayon Mar 11, 2025 The House of Representatives has passed a resolution urging the suspension of increased Automated Teller Machine (ATM) transaction…