CBN Orders Banks to Complete Cybersecurity Self-Assessment Within Five Weeks The Central Bank of Nigeria (CBN) has moved to strengthen cybersecurity oversight across the financial system, mandating banks and other regulated institutions to within three to five weeks, conduct a comprehensive self-assessment of their cyber...

Non-Oil Exports Lift Nigeria’s Current Account to $5.28bn in Q2 2025 - Report Nigeria’s shift toward a diversified, export-driven economy is beginning to yield fruits as shown in the macroeconomic indicators, with the country’s current account balance surging to US$5.28 billion in the second quarter...

Foreign Reserves Jump to $46.7bn, Highest in Seven Years The Central Bank of Nigeria (CBN) has revealed that Nigeria’s foreign reserves have risen to $46.7 billion as of November 14, 2025, which translates to 10.3 months of import cover in goods and services. CBN Governor, Mr....

CBN Reaffirms Commitment to Price and Monetary Stability - Cardoso The Central Bank of Nigeria has assured Nigerians of its commitment in ensuring that the policies and reforms already introduced would bring about much-needed price and monetary stability in the country. Nigerians have, over a long...

Cardoso: 14 Banks Met New Capital Benchmark The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, on Tuesday disclosed that 14 Nigerian banks have so far fully met the new capital requirement under the apex bank’s ongoing recapitalisation exercise. Cardoso made this known in...

Edun, Cardoso Vow Stronger Fiscal, Monetary Coordination The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, and the Governor of the Central Bank of Nigeria, Dr Olayemi Cardoso, have pledged to strengthen coordination between fiscal and monetary authorities to consolidate Nigeria’s...