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Tag: CBN

Shareholders Support CBN On Bank Directors’ Bad Loans

Some banking experts and shareholders are backing a recent decision by the Central Bank of Nigeria (CBN). The CBN...

Naira Assets Demand Soars As Foreign Investors Seek High Returns

Naira Shines in Frontier Markets, According to J.P. Morgan The Nigerian currency, the naira, is showing strong performance compared to...

2024 POS Transactions Exceeded ATM Usage By 603% – CBN

On January 26, 2025, a report from the Central Bank of Nigeria (CBN) revealed that during the first half...

95% Of Bank Borrowers Took Loans From MFBs In 2024 – CBN

The Central Bank of Nigeria (CBN) has shared important news about borrowing in the country. As of September 2024,...

Crisis: CBN Might Take Over First Bank To Prevent Collapse – Expert

A group of shareholders is sounding the alarm about serious problems at FBN Holdings Plc, the company that owns...

CBN Introduces New Forex Measures

The Central Bank of Nigeria (CBN) has announced new policies aimed at stabilizing the naira and addressing challenges in...

CBN Plans to Inject N500 Billion into MSMEs to Boost Nigeria’s Economy

The Central Bank of Nigeria (CBN) has unveiled plans to inject N500 billion into the Micro, Small, and Medium...

Cash Outside Banks Reaches N4.3 Trillion, CBN Alerts On Shortage

Nigeria is currently experiencing a major shortage of cash, even though there has been a notable increase in the...

Legislators urge CBN to tackle cash shortage

The House of Representatives has voiced significant concerns about the ongoing cash shortage affecting commercial banks across the country....

CBN To Launch New Website Today

The Central Bank of Nigeria (CBN) has announced that it is launching a brand new website today, Monday. This...

Inflation is unacceptably high, but monetary policy is effective — CBN

The Central Bank of Nigeria (CBN) has acknowledged that the country's inflation rate is alarmingly high, but indicated that...

Oil Imports Fell By 35% In Q2 – CBN

In the second quarter of 2024, Nigeria saw a significant decrease in its oil imports, dropping by 35 percent....