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

Nigeria’s external reserves have crossed $45.04 billion, marking one of the strongest positions the country has recorded in six years.

Senate Lauds CBN's Economic Progress, Urges Continued Stability   The Central Bank of Nigeria (CBN) on Thursday presented a positive outlook for the country’s economy in the second half of 2025 during a statutory briefing to the Senate Committee on Banking, Insurance, and Other Financial Institutions. The...

AMCON Clears N3.6trn Debt to CBN, Targets N215bn Recovery for 2025   The Asset Management Corporation of Nigeria (AMCON), the government-owned agency established in 2010 to stabilize and revitalize the Nigerian financial system, recovered N156bn from debtors in 2024 while targeting a recovery of N215bn before...

CBN Lifts Deposit Limits, Boosts Weekly Cash Withdrawal Threshold The Central Bank of Nigeria (CBN) has removed all limits on cash deposits, marking a significant reversal of earlier cash-tightening measures introduced under the previous administration. The apex bank also announced an upward review of the weekly...

CBN Directs Banks to Reimburse APP Fraud Victims within 48 Hours The Central Bank of Nigeria has ordered banks and other financial institutions to reimburse victims of Authorised Push Payment (APP) fraud within 48 hours, marking one of the strongest regulatory moves yet to protect...