CBN
CBN Retains Interest Rate at 27.50%
The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 27.50% following its 300th Monetary Policy Committee (MPC) meeting...
Olaitan Sodiq
CBN Slashes FG Lending by Over N4tn, Ends Failed Intervention Era
The Central Bank of Nigeria (CBN) reduced its net loans and receivables by over N4tn in 2024, largely by cutting overdraft exposure...
Olaitan Sodiq
CBN Targets $1bn Monthly Diaspora Remittances with Launch of Digital BVN Platform
The Central Bank of Nigeria (CBN), in partnership with NIBSS, has launched the Non-Resident Bank Verification Number (NRBVN) platform, enabling Nigerians in the...
Olaitan Sodiq
Currency in Circulation Drops to N5tn as CBN Tightens Monetary Measures
The total naira in circulation dropped to N5tn in March 2025, continuing a downward trend from N5.24tn in January, per Central Bank of...
Olaitan Sodiq
Nigeria’s Money Supply Hits N114tn as Cash Use Soars, Inflation Persists
Nigeria’s money supply surged to N114.22tn in March 2025, a 24% rise from March 2024, despite the CBN raising the Cash Reserve Ratio...
Olaitan Sodiq
World Bank Clarifies $10.50m Funding to CBN as Grant, Not Loan
The World Bank has clarified that the $10.50 million funding for the Central Bank of Nigeria (CBN) is a grant, not a loan,...
Olaitan Sodiq
CBN Injects $197.71 Million into FX Market to Boost Liquidity
CBN has injected $197.71 million into the foreign exchange market to ensure liquidity and stability. The move aims to support a stable, transparent,...
Olaitan Sodiq
CBN Denies Introducing N5,000, N10,000 Banknotes
CBN has denied introducing new N5,000 and N10,000 notes, labeling the reports as false. The reports had claimed that the CBN was set...
Olaitan Sodiq
Banks Commence N100 ATM Charges Today
CBN has introduced new charges for Automated Teller Machine (ATM) transactions. The charges, which take effect on March 1, 2025, will see customers...
Olaitan Sodiq
