February Foreign Exchange Reserve Drops by $1.3bn   Nigeria’s foreign exchange reserves fell by $1.31bn in February 2025, reflecting sustained external pressures amid the recent appreciation of the naira. Data from the Central Bank of Nigeria (CBN) showed that reserves declined from $39.72bn on January 31, 2025,...

CBN Lowers T-Bill Rate to Below 18% to Stimulate Economic Growth   The Central Bank of Nigeria (CBN) has cut spot rates on Nigerian Treasury bills at the primary market auction on Wednesday in a bid to reduce its payment burden. The Apex Bank has been scaling...

CBN Must Rethink Its New ATM Withdrawal Policy By Tahir Ahmad The Central Bank of Nigeria (CBN) recently implemented its revised ATM withdrawal charges, a move that has sparked widespread frustration among Nigerians. Under the new policy, which took effect on March 1, 2025, bank customers...

OAGF Reaffirms Remitta as CBN's Approved Payment Gateway The Office of the Accountant General of the Federation (OAGF), yesterday clarified that Remitta remains the Central Bank of Nigeria’s (CBN) approved payment gateway, adding that the federal government had not discarded the platform. The clarification came same...

Akinniyi, Isa-Olatinwo, 14 Others Appointed CBN Directors The Central Bank of Nigeria has appointed 16 new directors across key departments, ending nearly two years of acting leadership in several units as the apex bank moves to strengthen its regulatory framework. The appointments were part of Governor...

The Central Bank of Nigeria (CBN) has reinforced its regulatory oversight to bolster the resilience and transparency of the country’s financial system.