CBN Extends Deadline for Banks’ Anti-Money Laundering Compliance
The Central Bank of Nigeria has given Deposit Money Banks 18 months to fully comply with its new baseline standards for automated anti-money laundering solutions, while other financial institutions have 24 months from March 10, 2026, to...
The Central Bank of Nigeria (CBN) has announced plans to raise ₦850bn through a fresh Treasury Bills auction on March 11, 2026, bringing the total raised within one week to about ₦2 trillion.
The Central Bank of Nigeria (CBN) has directed all commercial banks to conduct stress tests from April 1, 2026, as the March 31 recapitalisation deadline approaches.
The announcement by the Central Bank of Nigeria that it has received responsibly sourced gold refined to the Good Delivery standards of the London Bullion Market Association into Nigeria’s foreign reserves may appear like a routine financial update. In reality, it represents a strategic shift in how the country is positioning its financial safety net in a volatile global economy.
30 Banks Hit Recapitalisation Target Ahead of March Deadline
Thirty banks have met the new minimum capital requirements introduced under the Central Bank of Nigeria’s banking sector recapitalisation programme, the apex bank disclosed on Friday.
The CBN said the recapitalisation exercise, launched in 2024 to strengthen...
Banks' Credit to Manufacturers Declines by 20% to N60.4trn
Nigerian deposit money banks disbursed a total of N60.35tn in credit to the manufacturing sector in the first nine months of 2025, a 20.44 per cent decline from the N75.86tn recorded in the corresponding period of...
