Tag: Central Bank of Nigeria

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 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…

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…

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…

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…

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…

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,…

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 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…

On Thursday, at a media briefing in Abuja, the Peoples Democratic Party has demanded the resignation of the Governor of the Central Bank of Nigeria, Godwin Emefiele. National Publicity Secretary…