CBN Blacklists Major Loan Defaulters, Restricts Credit Access   The Central Bank of Nigeria (CBN) has officially restricted banking services for “chronic defaulters” and large-ticket obligors with non-performing loans. In a sweeping move to enforce credit discipline and safeguard the nation’s financial system, the apex bank issued...

Under the leadership of Olayemi Cardoso, the Central Bank of Nigeria launched an ambitious recapitalization program designed to fortify the banking sector against global shocks and domestic volatility.

The Central Bank of Nigeria (CBN) has warned that rising election-related spending and potential oil price shocks could pose upside risks to Nigeria’s inflation outlook.

JUST IN: CBN Cuts Interest Rate to 26.5%   The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has reduced the Monetary Policy Rate (MPR) to 26.5 per cent, marking the second rate cut in five months. The decision was announced on Tuesday by the...

Cardoso Inaugurates ACGSF Board, Seeks Stronger Support for Smallholder Farmers   The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, on Tuesday inaugurated the newly constituted Board of Directors of the Agricultural Credit Guarantee Scheme Fund (ACGSF), to deepen support for smallholder farmers...

The Nigeria external reserves have surged to $46.70 billion, the highest level in years, according to new figures released by the Central Bank of Nigeria during its 303rd Monetary Policy Committee (MPC) meeting.