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CBN orders banks to freeze assets of six persons, four BDCs over terrorism financing
Sequel to the action taken by the United States government in exposing three persons, including a Nigerian foreign exchange dealer linked to a terrorism group, the Central Bank of Nigeria (CBN) has followed with a directive to commercial banks to freeze…
Nigeria’s crude oil import rises by 308.9% to hit $1.39bn in Q1 2026, as petrol, gas importation drop to 87.5%
Data obtained from the Balance of Payments Highlights of the Central Bank of Nigeria (CBN) has indicated a rise in Nigeria’s crude oil imports from the $340 million recorded in the fourth quarter (Q4) of 2025 to $1.39 billion in…
CBN offers N450bn NTBs for auction, Wednesday, as overall maturities for Q2 ’26 remain at N3.197trn
Central Bank of Nigeria (CBN), Wednesday, put up for offer a total of N450 billion worth of Nigerian Treasury Bills (NTBs) for auction for todayJune 17, with the settlement date set for June 18. An official notice to Primary Money Market…
CBN proposes FG adoption of eNaira for payment of salaries, pensions, welfare benefits
Federal Government is considering a Central Bank of Nigeria (CBN) proposal to commence paying civil servants’ salaries, pensions, social welfare benefits, in addition contractors via the eNaira platform in order to boost the adoption of Nigeria’s digital currency. The eNaira…
CBN’s new forex guidelines clears import of up to $10,000 without declaration
Central Bank of Nigeria (CBN) has issued fresh Foreign Exchange (forex) Guidelines which provides that an individual can export $50,000 cash. The only condition, according to the Guidelines, released, Friday, is that such cash must be declared at the point of…
CBN cites withdrawal of forbearance, loan reclassification for 8.03% rise in NPLs ratio
Banks’ non-performing loans (NPLs) ratio jumped to 8.03 per cent, seven months after the Central Bank of Nigeria (CBN) ended key regulatory forbearance measures that had allowed banks to restructure troubled loans without immediately classifying them as impaired. According to…
Banks’ lending to MDAs hit N39.60trn in 1yr, as credit to private sector drops by 15% — CBN
Central Bank of Nigeria (CBN) data for April has disclosed that while Nigerian banks raised credit to the public sector of the economy, the same facility to the private sector dropped, in one year period under review. According to the…
CBN extends POS geo-fencing deadline to August 1
Central Bank of Nigeria (CBN) has extended the enforcement of Point-of-Sale (POS) terminal geo-fencing to August 1, 2026. According to the regulator,the decision is intended to give financial institutions and payment service providers more time to comply with the regulatory requirement…
Court grants eNaira exclusive ownership rights to CBN
Following months of controversies over rights control, the Federal High Court sitting in Abuja, has granted the Central Bank of Nigeria (CBN) full ownership of the eNaira digital currency platform. It would be recalled that the eNaira digital currency platform was…
CBN’s MPR: Separating optics from impacts
Sopuruchi Onwuka The recent decision by the Central Bank of Nigeria (CBN) to cut interest rates by 50 basis points to 26.5 percent raises harder questions about how the official economic indicators connect with the palpable situation on ground. According…
