N100 Banknotes Still Very Valid, Says CBN   The Central Bank of Nigeria (CBN) has ordered members of the public, businesses, and commercial banks to immediately cease the rejection of the standard N100 banknote, declaring that the currency remains a valid medium of exchange across the...

The Central Bank of Nigeria (CBN) has reaffirmed that both the standard ₦100 banknote and the commemorative ₦100 banknote remain legal tender and must be accepted for all transactions nationwide.

That was the dilemma facing the Central Bank of Nigeria at the height of the foreign exchange crisis: how to sustain difficult reforms in an environment defined by volatility, speculation, and public anxiety.

The role of a central bank in any modern economy goes far beyond setting interest rates, supervising banks, or managing reserves.

CBN Sees Economic Shift as Inflation Eases, Reserves Hit $50bn The Central Bank of Nigeria (CBN) has signalled a gradual economic reset, attributing improvements in inflation, foreign reserves, and investor confidence to its monetary and financial sector reforms. Speaking at the CBN Special Day during the...

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...