Central Bank of Nigeria Redeploys Four Deputy Governors
The Central Bank of Nigeria (CBN) has reassigned all four of its deputy governors to new directorates. The portfolio changes officially took effect on June 1, 2026. The shift in…
CBN Targets Aggressive 95% Financial Inclusion Policy Shift
The Central Bank of Nigeria has said it is implementing a reform targeting 95 per cent financial inclusion and “faster-than-a-blink” digital transactions, bringing millions more market women, farmers, and young…
MPC: CBN Holds Monetary Policy Rate Steady At 26.5%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has voted to retain the Monetary Policy Rate (MPR) at 26.5% following its 305th meeting, which recorded the attendance…
CBN: 63% of Nigerians Demand Lower Interest Rates
The Central Bank of Nigeria (CBN) reported that 63.3 percent of Nigerians want interest rates to be reduced, ahead of the Monetary Policy Committee meeting on May 19 and 20,…
CBN Recapitalization: 33 Banks Meet New Thresholds, Raise ₦4.65tn
The Central Bank of Nigeria (CBN) has announced the successful completion of its banking sector recapitalisation programme, revealing that 33 banks have met the revised minimum capital requirements after raising…
Banks Face New CBN Cybersecurity Audit Deadline
As part of efforts to strengthen resilience across the financial system, the Central Bank of Nigeria (CBN) on Monday directed banks to complete a mandatory cybersecurity self-assessment within three weeks.…
Global Money Week: CBN Warns Against Sharing PINs, Passwords
The Central Bank of Nigeria warned banking customers to safeguard their financial information by never sharing their PINs, passwords, and other sensitive banking details with anyone. The apex bank, in…
CBN Directs Banks To Restrict Services To Large Loan Defaulters
The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to restrict certain banking services to large loan defaulters in a move aimed at strengthening financial stability…
Tinubu Appoints Lamido Yuguda as CBN Deputy Governor
President Bola Tinubu has appointed a former Director-General of the Securities and Exchange Commission, Lamido Yuguda, as deputy governor of the Central Bank of Nigeria (CBN). The Special Adviser to…
30 Banks Have Met Recapitalisation Threshold, Says CBN
The Central Bank of Nigeria (CBN) revealed that 30 banks have met the new minimum capital thresholds introduced under its ongoing banking sector recapitalisation programme. The update was contained in…