Nigerian Banks Strengthen Capital Base Amid CBN Regulatory Push   Deposit Money Banks are shoring up their capital base as the Central Bank of Nigeria (CBN) intensifies oversight, reinforcing governance, transparency, and risk management to ensure a resilient, stable financial system. Nigeria’s banking system remains stable and...

CBN Limits Cash Payout at 25% for PTA/BTA The Central Bank of Nigeria (CBN) has introduced a limit of 25 per cent on the amount of cash beneficiaries can receive when accessing their Personal Travel Allowance (PTA) and Business Travel Allowance (BTA) from Bureau De...

Yuletide Rush Pushes Naira Lower Across FX Markets on Dec 10 Festive-season demand continued to weigh on the naira on Wednesday, December 10, as the currency weakened against the U.S. dollar across both the parallel market and the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in...

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...

Cardoso Inaugurates ACGSF Board, Seeks Stronger Support for Smallholder Farmers   The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, on Tuesday inaugurated the newly constituted Board of Directors of the Agricultural Credit Guarantee Scheme Fund (ACGSF), to deepen support for smallholder farmers...

The Central Bank of Nigeria (CBN) has granted final operating licences to 82 Bureaux De Change (BDCs) under its revised regulatory framework.