The Special Investigator appointed by President Bola Ahmed Tinubu to probe the activities of the Central Bank of Nigeria (CBN), Jim Obazee, on Friday told the High Court of the Federal Capital Territory that former President Muhammadu Buhari and former Secretary to the Government of the Federation (SGF), Boss Mustapha, should also have been investigated and prosecuted over the controversial release of $6.2 million from the Federal Government's foreign exchange account domiciled at the CBN.

FG Raises Domestic Borrowing by 241%   As part of the Federal Government (FG) borrowing plan for the 2026 budget, the Central Bank of Nigeria (CBN) has issued Treasury Bills, TBs, to raise N5.8 trillion in the third quarter of 2026 (Q3’26). This represents a 241 percent...

CBN Releases New Guidance on Contract Suspensions for Troubled Banks   The Central Bank of Nigeria (CBN) has issued interpretative guidance clarifying the practical application of Sections 34(2)(b) and 40(2) of the Banks and Other Financial Institutions Act, 2020, setting a maximum period of two business...

FULL LIST: Why CBN Revoked Licences of 46 Microfinance Banks The Central Bank of Nigeria has revoked the operating licences of 46 microfinance banks across the country over their failure to comply with key regulatory requirements. The apex bank said the revocation took effect from July...

Outstanding consumer credit in Nigeria fell sharply by ₦780bn in February 2026, dropping to ₦3.03tn from ₦3.81tn in January, according to the Central Bank of Nigeria’s (CBN) Economic Report.

Nigeria exported about 148.9 million barrels of crude oil worth ₦20.22 trillion in the first five months of 2026, according to figures from the Central Bank of Nigeria (CBN).