CBN interest rate cut: Central Bank slashes interest rate to 23%
The CBN interest rate cut has reduced Nigeria’s monetary policy rate from 26.5 per cent to 23 per cent. Central Bank of Nigeria Governor Olayemi Cardoso announced the decision after…
Nigeria’s Crude Oil Earnings Drop 14.4% in 2025
Nigeria crude oil exports declined sharply in 2025 as lower global oil prices reduced the Federal Government’s earnings despite continued demand from key international markets. The Central Bank of Nigeria…
CBN Orders N19.12bn Refunds to Bank Customers
CBN customer complaints rose in 2025 as more bank customers reported issues, leading to billions of naira and millions of dollars in refunds. The Central Bank of Nigeria (CBN) revealed…
Banks Channel Most Credit to Oil, Gas Sector
By Babatunji Wusu| Deposit Money Banks (DMBs) in Nigeria continued to direct the largest share of lending to the oil and gas sector in 2025, even as financing for manufacturers…
Reps Recover N521.77m VAT From CBN
By Babatunji Wusu| The House of Representatives Public Accounts Committee has recovered N521.77 million in unremitted Value Added Tax (VAT) from the Central Bank of Nigeria (CBN) as part of…
CBN Introduces N100m Forex Documentation Penalty
By Babatunji Wusu| The Central Bank of Nigeria (CBN) has introduced a tough compliance framework for the foreign exchange market, imposing a N100 million penalty on banks that process foreign…
CBN Shuffles Top Management Team to Boost Efficiency
By Babatunji Wusu The Central Bank of Nigeria has redeployed its four Deputy Governors in a major management shake-up. The extensive changes aim to strengthen the leadership framework of the…
CBN Moves PoS Geo-Fencing Deadline To August
By Babatunji Wusu The Central Bank of Nigeria (CBN) has moved the strict deadline for the mandatory tracking of Point of Sale terminals to August 1, 2026. Alongside this extension,…
E-NAIRA: 12 THINGS TO KNOW ABOUT NIGERIA’S FIRST DIGITAL CURRENCY
Prior to the President, Muhammadu Buhari launch of Nigeria’s first digital currency, e-Naira at the State House on Monday, report listed 12 things to know about the digital currency. The…
SUPREME COURT TO DELIVER JUDGMENT ON APGA CANDIDACY AT 12 NOON
Supreme Court set to pronounce judgment, at 12 noon on Thursday, on a suit challenging the candidacy of Professor Charles Chukwuma Soludo as the governorship candidate of the All Progressive…
