cbn

CBN Launches New Financial Tools to Boost Nigeria’s Non-Interest Banking Sector! ✨ Detailed Breakdown: 1. Introduction of Three Non-Interest Financial Instruments The Central Bank of Nigeria (CBN) has unveiled three new financial instruments to deepen and strengthen the non-interest (Islamic)...

Interest Rate Debate Deepens: Manufacturers Cry Out, LCCI Urges Caution Over CBN’s 27.5% MPR Hold The decision by the Central Bank of Nigeria (CBN) to retain the Monetary Policy Rate (MPR) at 27.5% since November 2024 has sparked sharp divisions between major industry stakeholders. While the...

️ CBN Breaks Silence: Assures Nigerians of a Safe and Sound Banking Sector Amid Online Rumours Date: May 20, 2025 By: Babajide Komolafe In response to growing speculation and misleading reports on social media, the Central Bank of Nigeria (CBN) has issued a firm reassurance to the public that...

CBN Unveils Diaspora BVN Platform: A Game-Changer for Global Nigerians! Targets $1 Billion Monthly Remittance Boost News Breakdown: 1. CBN Launches Diaspora BVN (NRBVN) Platform The Central Bank of Nigeria (CBN), in partnership with the Nigeria Inter-Bank Settlement System (NIBSS), has...

CBN Reschedules Monetary Policy Committee Meeting to February 19-20 The Central Bank of Nigeria (CBN) has announced a new date for its 299th Monetary Policy Committee (MPC) meeting, shifting it from the earlier scheduled February 17-18 to February 19-20, 2025. In a statement released on...

CBN Expected to Maintain Tight Monetary Policy Through Most of 2025 Meristem Securities’ Projections on Monetary Policy Meristem Securities, a leading asset management firm, has forecasted that the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) will likely maintain a hold...

CBN’s Rising MPR: Fighting Inflation or Straining Growth? The Central Bank of Nigeria (CBN) has consistently increased the Monetary Policy Rate (MPR) since February 2024 to combat runaway inflation and regulate money supply. Under the leadership of Governor Yemi Cardoso, this approach...

CBN Launches New Website to Enhance Transparency and User Experience The Central Bank of Nigeria (CBN) has officially unveiled its newly redesigned website today. This development marks a significant milestone in the bank’s commitment to transparency, accountability, and improved user...

CBN and First Bank Advocate Stronger Nigeria-China Banking Ties The Central Bank of Nigeria (CBN) and First Bank Nigeria Limited have called for increased collaboration between Nigerian and Chinese banks, highlighting the importance of deepening trade and financial relations between the two...

Rising Interest Rates Slow Commercial Paper Issuances in Nigeria Key Insights from H2 2024: 1️⃣ Sharp Decline in Issuances: • Commercial paper (CP) issuances have plummeted to N165.8 billion since July 2024, an 83% drop from the N972 billion recorded in the second half of 2023. 2️⃣...

CBN Sets New $100,000 Minimum for FX Transactions The Central Bank of Nigeria (CBN) has introduced fresh guidelines for interbank foreign exchange (FX) trading through the Electronic Foreign Exchange Matching System (EFEMS), requiring a minimum trade value of $100,000. Here’s what you need to...

Treasury Bills Soar: Stop Rate Climbs to 23.50% Amid Record Investor Demand The Central Bank of Nigeria’s (CBN) treasury bills auction on Wednesday, November 20, attracted robust interest from investors, primarily due to the enticing stop rate for the one-year tenor. This comes as the...

Stakeholders Debate Investment Bill Provisions ️ Key government agencies, including the Central Bank of Nigeria (CBN) and the Ministry of Finance, have raised concerns over the Investment and Securities Bill (ISB) 2024 at a public hearing in the National Assembly. The bill aims to replace the...

CBN Unveils New Initiatives to Boost Financial Inclusion and Economic Development in Nigeria In a significant move to enhance financial inclusion and economic empowerment across Nigeria, the Central Bank of Nigeria (CBN) has launched three groundbreaking initiatives. These initiatives were...

Rising Fuel Costs and Flooding Threaten to Drive Nigeria’s Inflation Even Higher, Analysts Warn As Nigeria’s October inflation data release approaches, analysts are sounding the alarm that inflationary pressures are set to remain high. Driven by increased fuel prices, currency depreciation, and...

Nigeria’s External Reserves Reach 33-Month High of $40 Billion Amid CBN’s Economic Reforms Detailed Report: 1. Overview of Reserve Growth The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has announced a notable increase in Nigeria’s foreign exchange reserves, which...

CBN and NERDC Set to Introduce Financial Literacy Education in Nigerian Schools Detailed Summary: The Central Bank of Nigeria (CBN), in partnership with the Nigerian Educational Research and Development Council (NERDC), is gearing up to introduce financial literacy into the national school...

IFC and CBN Partner to Boost Nigeria’s Economy with $1 Billion Local Currency Investment Initiative Detailed Breakdown: The International Finance Corporation (IFC), a member of the World Bank Group, and the Central Bank of Nigeria (CBN) have announced a new partnership aimed at strengthening...

CBN Confirms NNPC’s Autonomy in FX Purchases as Nigeria Pushes for Local Currency Transactions Details: At the World Bank/IMF Annual Meetings in Washington DC, Central Bank of Nigeria (CBN) Governor Yemi Cardoso clarified that NNPC Limited operates independently in the foreign exchange market...

CBN Governor to Engage Finance Professionals on Strategies to Curb Inflation and Stabilize Rates Amid Economic Challenges Details: The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, is set to lead discussions with finance and corporate treasury professionals from Nigeria and...