CBN mandates multi-factor authentication for foreign card transactions

CBN mandates multi-factor authentication for foreign card withdrawals and online payments above set thresholds. Foreign card transactions to be settled…

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CBN Revokes Licenses of Aso Savings, Union Homes Plc

CBN revokes licenses of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc due to regulatory breaches.…

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CBN Approves 82 New BDCs, Warns Against Unlicensed Forex Operators

CBN grants final operating approval to 82 Bureau De Change operators. Licences take effect under the revised 2024 BDC regulatory…

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CBN Reviews Cash Withdrawal Rules, Enforces New Fees in January 2026

CBN increases weekly withdrawal limits to N500,000 for individuals, N5 million for corporates. Excess deposit charges removed, but excess withdrawal…

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CBN Lifts Cash Deposit Limit, Raises Weekly Withdrawal Ceiling to N500,000

CBN removes cash deposit cap and raises weekly withdrawal limit to N500,000 for individuals, N5m for corporates. Excess withdrawal charges…

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Nigeria’s Foreign Reserves Hit $46.7bn, Highest Since 2018 — CBN

CBN says reserves surge to $46.7bn, backed by stronger oil receipts and investor inflows Naira stabilises, FX market gap narrows…

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Moghalu Slams Emefiele’s CBN Leadership, Calls His Tenure a Major Setback for Nigeria’s Economy

Kingsley Moghalu says Godwin Emefiele’s CBN tenure weakened the bank’s independence. Ex-deputy governor blames politically driven policies for Nigeria’s economic…

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CBN Denies Allocating $1.3 Billion for Fuel Importation, Labels Reports “Misleading”

CBN dismisses reports of $1.3 billion allocation for petroleum imports. Says published figures reflect market transactions, not official disbursements. Clarifies…

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Naira Holds Firm at ₦1,475/$ as CBN Boosts Reserves Past $43 Billion

Naira trades at ₦1,475 per dollar on official market amid cautious late-2025 stability. CBN raises reserves above $43bn to sustain…

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Osun Govt Withdraws Suit Against CBN, AGF Over Withheld LG Funds

• Osun govt says purpose of suit defeated as funds already released • Defendants fault withdrawal grounds, seek sections of…

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