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CBN Revokes Licences of Aso Savings, Union Homes over Capital, Compliance Breaches

The Central Bank of Nigeria (CBN) has revoked the operational licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc.

SPECIAL REPORT: What Nigeria’s Economic Numbers Really Say About 2025, by Lawal Dahiru Mamman

As Nigeria navigates major reforms across various sectors of its economy, the country has had to adapt to the current realities.

Naira Stables Across Markets on Dec 15

Naira Stables Across Markets on Dec 15 The naira maintained its strength against the U.S. dollar on Monday, December 15, across both the parallel market and the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja told Economic Confidential that the naira traded at ₦1,480/$1 for...

CBN Hits N825bn Target in Final 2025 Debt Auctions

The Central Bank of Nigeria (CBN) is set to raise a total of N825 billion from the domestic debt market in the final round of sovereign issuances for 2025.

CBN Directs PoS Providers to Link with NIBSS, UPSL

The Central Bank of Nigeria (CBN) has directed all acquirers, processors, and Payment Terminal Service Providers (PTSPs) to implement mandatory dual connectivity.

Reps Move to Regulate CBN Operations

Reps Move to Regulate CBN Operations   The House of Representatives on Thursday took initial legislative steps to strengthen transparency and accountability in the operations of the Central Bank of Nigeria, following the second reading of a bill seeking comprehensive amendments to the Central Bank of...