Deposit Money Banks in Nigeria closed a net 476 branches and cash centres between 2022 and 2025, reducing their physical presence by 8.8 per cent, according to data from the Central Bank of Nigeria.

The Central Bank of Nigeria (CBN) has intensified supervision of financial institutions over terrorism financing risks, with closer scrutiny of transactions, sanctions compliance and suspicious transaction reporting.

Nigeria’s External Reserves Rise to $53.11bn, Close to 2009 Record   Nigeria’s external reserves have climbed to $53.11bn, representing their highest level in more than 17 years and bringing the country close to the reserve peak recorded in 2009. Data from the Central Bank of Nigeria (CBN)...

As technology continues to transform the way Nigerians save, pay, borrow, invest and access financial services, the Central Bank of Nigeria (CBN) is increasingly adapting its regulatory approach to keep pace with an evolving financial ecosystem.

CBN Moves To Boost Digital Payment Adoption   The Central Bank of Nigeria (CBN) has called for greater adoption of alternative payment channels to expand access to financial services and stimulate economic activity. Acting Director, Corporate Communications and Investor Relations Department of the CBN, Hakama Sidi-Ali, made...

For Hakama Sidi Ali, spokesperson of the Central Bank of Nigeria (CBN), the role is not a title—it is a daily test of clarity, courage and competence. It is a position where every sentence is analysed, every silence interpreted and every explanation capable of influencing public confidence in the nation’s financial system.