CBN
CBN is turning BVN into a stronger identity gate for banking
Business
May 4, 2026
CBN is turning BVN into a stronger identity gate for banking
Nigeria’s banking system is quietly getting stricter, and this time, the changes are not about new apps or policies people…
CBN raises ATM card fee to ₦1,500 as banks adjust pricing model
Happening Now
April 24, 2026
CBN raises ATM card fee to ₦1,500 as banks adjust pricing model
The Central Bank of Nigeria has raised the cost of issuing and replacing ATM debit and credit cards to ₦1,500,…
CBN, NCC move to close telecom gaps fueling digital fraud
Happening Now
April 21, 2026
CBN, NCC move to close telecom gaps fueling digital fraud
The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have signed a memorandum of understanding to strengthen…
30 banks clear capital requirement as CBN reviews 3 others
Business
March 9, 2026
30 banks clear capital requirement as CBN reviews 3 others
Nigeria’s banking sector is moving closer to a major regulatory target after the Central Bank of Nigeria disclosed that most…
Borrowing costs could ease as CBN cuts interest
Business
February 25, 2026
Borrowing costs could ease as CBN cuts interest
Borrowing money in Nigeria has been brutally expensive for months. From business loans to personal credit, interest rates climbed to…
CBN tightens cash withdrawals, scraps special multi-million naira permissions
Happening Now
December 3, 2025
CBN tightens cash withdrawals, scraps special multi-million naira permissions
The Central Bank of Nigeria has announced sweeping changes to cash withdrawal rules that will tighten limits on how much…
CBN cuts interest rate to 27% after months of holding steady
Business
September 23, 2025
CBN cuts interest rate to 27% after months of holding steady
For the first time this year, the Central Bank of Nigeria has nudged interest rates down. The Monetary Policy Committee…
Nigeria inflation is down, Why Aren’t prices too?
Happening Now
June 17, 2025
Nigeria inflation is down, Why Aren’t prices too?
For the second time this month in a row, Nigeria’s headline inflation dipped; that is, on paper, so it seems.…
Interest rate hike in Nigeria amid inflation and election spending
Business
March 21, 2023
Interest rate hike in Nigeria amid inflation and election spending
In a clear demonstration of its race against time in stemming galloping inflation, the Central bank of Nigeria, today, has…