CBN to Take Legal Action Against FX Contract Defaulters Post-Audit   The Central Bank of Nigeria (CBN) has disclosed that it is considering legal actions against the violators of the foreign exchange forward contracts after the completion of a forensic audit of those contracts. CBN indicated this...

At its 301st meeting held on July 21 and 22, 2025, the Monetary Policy Committee of the Central Bank of Nigeria made the deliberate decision to maintain all key policy parameters.

The Central Bank of Nigeria (CBN) says only eight banks have fully met their recapitalisation requirements.

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained Monetary Policy Rates at 27.5 per cent

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has expressed concern over the inflationary implications of rising liquidity levels in the banking system.

As Nigeria Leads Africa’s FX Revolution, by Rahma Olamide Oladosu   It was an event that passed with little fanfare, the kind that quietly dissolves into routine headlines. On June 26, 2025, the Central Bank of Nigeria and the Central Bank of Egypt held a bilateral...