Nigeria’s banking sector recapitalisation programme has entered its decisive phase, with a total of ₦4.05 trillion in verified capital raised.

Nigeria has secured a permanent seat on the Board of the African Monetary Institute (AMI), strengthening its role in Africa’s financial integration drive, according to the Central Bank of Nigeria (CBN).

Tight Monetary Policy Slashes Inflation by 10% - CBN   Nigeria’s sustained monetary tightening has played a central role in slowing inflation, with research estimates showing that the Central Bank of Nigeria’s policy stance accounted for as much as 10 percentage points of the decline in...

Reps Move to Regulate CBN Operations   The House of Representatives on Thursday took initial legislative steps to strengthen transparency and accountability in the operations of the Central Bank of Nigeria, following the second reading of a bill seeking comprehensive amendments to the Central Bank of...

Nigerian Banks Strengthen Capital Base Amid CBN Regulatory Push   Deposit Money Banks are shoring up their capital base as the Central Bank of Nigeria (CBN) intensifies oversight, reinforcing governance, transparency, and risk management to ensure a resilient, stable financial system. Nigeria’s banking system remains stable and...

Senate Grills CBN Governor Over Alleged N1.44trn Unremitted Surplus   The Senate Committee on Banking, Insurance and Other Financial Institutions on Thursday met with the leadership of the Central Bank of Nigeria (CBN) to demand clarification on the alleged non-remittance of N1.44 trillion into the Consolidated...