SERAP Sues CBN Over $6.23m Election Funds, ₦1.63tn
ABUJA, Nigeria – The Socio-Economic Rights and Accountability Project (SERAP) has sued the Central Bank of Nigeria (CBN), seeking answers over $6.23 million linked…
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CBN
CBN Tightens Banking Rules as Nigeria Courts Asian Investors
ABUJA, Nigeria – The Central Bank of Nigeria (CBN) is tightening enforcement against insider lending and risky offshore investments while courting Asian financial institutions…
GIZ: ₦61bn Agricultural Finance Reaches 100,000 Farmers
ABUJA, Nigeria – More than 100,000 farmers across 10 Nigerian states have accessed ₦61 billion in agricultural finance over eight years through the Global…
CREDICORP Warns Loan Apps, Lenders Against Harassing Borrowers Over Debts
ABUJA, Nigeria – The Nigerian Consumer Credit Corporation (CREDICORP) has warned banks, digital lenders and other financial institutions against using harassment, intimidation or public…
Nigeria’s Current Account Surplus Jumps 256%
ABUJA, Nigeria – Nigeria’s current account surplus surged by 255.7 per cent in the first quarter of 2026, reaching $4.98 billion, driven by stronger…
Nigeria’s Reserves Slide $731m in April, Stir FX Stability Concerns
LAGOS, Nigeria – Nigeria’s external reserves fell by $731 million within the first three weeks of April 2026, intensifying concerns over sustained pressure on…
CBN, NCC Partner to Tackle SIM Fraud, Boost Digital Security
ABUJA, Nigeria – The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) sign a pact to combat SIM-related fraud and strengthen…
CBN Pushes Inflation Targeting, Eyes Single-Digit Price Stability
Abuja, Nigeria – The Central Bank of Nigeria intensifies its shift towards a rules-based monetary policy, targeting single-digit inflation to stabilise Africa’s largest economy.…
CBN Cuts Benchmark Rate to 26.50% in Policy Shift
ABUJA, Nigeria – Nigeria’s Central Bank of Nigeria (CBN) reduces its benchmark interest rate by 50 basis points to 26.50 per cent, signalling a…
Cardoso Calls for Urgent Reform of Cross-Border Payments
ABUJA, Nigeria – Central Bank of Nigeria Governor Olayemi Cardoso warns that costly and slow cross-border payment systems are choking economic growth across developing…