Tag:CBN

Business

₦4.69tn Unpaid Loans: CBN Rules Out Return to Intervention Lending

The Central Bank of Nigeria (CBN) has ruled out a return to large-scale intervention lending programmes, citing a backlog of ₦4.69 trillion in unpaid...
Akeem Adebayo -
Business

CBN to States: Fiscal Discipline Key to Winning Inflation Battle

  The Central Bank of Nigeria (CBN) has called on state governments to embrace fiscal discipline and stronger coordination with monetary authorities as the country...
Akeem Adebayo -
Business

Senate Confirms Yuguda as CBN Deputy Governor, Says He’s ‘Square Peg in Square Hole’

The Senate has confirmed the appointment of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN). Yuguda’s confirmation on Wednesday followed...
Akeem Adebayo -
Business

CBN Tightens BVN Rules, Limits Enrolment to 18+ and Introduces Fraud Watchlist System

New regulations signal stricter identity controls as banks face rising pressure to strengthen fraud prevention and data integrity. CBN moves to tighten identity controls in...
Akeem Adebayo -
Politics

CBN Cracks Down on Fraud, Limits Mobile Banking to One Device Under New BVN Rules

CBN Cracks Down on Fraud, Limits Mobile Banking to One Device Under New BVN Rules ABUJA — The Central Bank of Nigeria (CBN) has introduced...
Ola Adebayo -
Business

CBN Wraps Up Bank Recapitalisation, Secures ₦4.65trn to Fortify Financial System

  The Central Bank of Nigeria (CBN) has successfully concluded its banking sector recapitalisation programme, with Nigerian banks raising a total of ₦4.65 trillion to...
Olajumoke Sanusi -
Business

CBN Revokes Licences of Aso Savings, Union Homes Mortgage Banks

  The Central Bank of Nigeria (CBN) has revoked the operating licences of two mortgage banks—Aso Savings and Loans Plc and Union Homes Savings and...
Roland Edet -
Business

CBN Holds MPR at 27%, Tightens Policy Corridor as Inflation Drops to 16.05%

The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 27.0 per cent, even as inflation continued its downward trend,...
Gladys Phillip -
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Nigeria, Southern Africa Move to Deepen Trade and Economic Cooperation

Nigeria and countries of the Southern African Development Community (SADC) are seeking to deepen economic cooperation in trade, investment,...
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Politics

Fake OPay Shutdown Notice: Police Arrest 27-Year-Old Woman

  The Nigeria Police Force National Cybercrime Centre has arrested a 27-year-old woman, Hafsat Abubakar, over the alleged creation and...
Metro

Gas-Laden Bus Crashes Into 3 Vehicles, Sparks Panic in Ilorin

  Panic erupted among motorists and residents along Ibrahim Taiwo Road, Ilorin, Kwara State, on Wednesday after a gas-laden Toyota...

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Nigeria, Southern Africa Move to Deepen Trade and Economic Cooperation

Nigeria and countries of the Southern African Development Community...
Politics

Fake OPay Shutdown Notice: Police Arrest 27-Year-Old Woman

  The Nigeria Police Force National Cybercrime Centre has arrested...

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