CBN warns of fresh inflation wave as production costs soar
The Central Bank of Nigeria ( CBR̃ has warned that rising production costs across key sectors could spark a new wave of consumer price inflation, as businesses continue to absorb…
CBN affirms strength of banking sector
…Issues routine transitional guidance for selected institutionsBarbara Bako, Abuja. As part of its ongoing efforts to strengthen the banking system, the Central Bank of Nigeria (CBN) has introduced time-bound measures…
MAN urges CBN to order manufacturers’ accounts unfreeze
MAN urges CBN to order manufacturers’ accounts unfreeze The Manufacturers Association of Nigeria (MAN) on Thursday urged the Central Bank of Nigeria to expedite actions to see its members’ accounts…
CBN holds MPR at 27.5% to steer economic stability
The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has again retained the monetary policy rate (MPR), which benchmarks interest rates in the country, at 27.50 percent.…
CBN reassures public on banking sector stability
Barbara Bako, Abuja. The Central Bank of Nigeria (CBN) wishes to categorically reassure the public, depositors, and stakeholders that the Nigerian banking sector remains resilient, safe, and sound. The CBN,…
CBN warns public against fake grant, contract agents
Barbara Bako, Abuja. The Central Bank of Nigeria (CBN) has once again reiterated that it has not authorised, licensed, or appointed any individual, group, or organisation to act as an…
CBN direct Banks to adopt PAPSS for transactions
The Central Bank of Nigeria (CBN) has directed all banks operating in the country to adopt the Pan-African Payment and Settlement System (PAPSS) and commence originating transactions under the new…
Heritage Bank (In-Liquidation): NDIC starts first tranche payment of ₦46.6bn
Barbara Bako, Abuja. In its continued commitment to ensuring that depositors of the defunct Heritage Bank are fully reimbursed, the Nigeria Deposit Insurance Corporation (NDIC) has declared first tranche of…
CBN bows, approves cash BTA for 2025 Hajj pilgrims
The Central Bank of Nigeria has approved the request of 2025 intending pilgrims to be granted cash transactions for the holy pilgrimage to Mecca. This followed the intervention of Vice-President…
Nigeria’s trade surplus balloons to $2.2bn in January
Nigeria has recorded a trade surplus of a whooping $2.2 billion in January 2025 in January, 2025, according to data released by the Central Bank of Nigeria (CBN). The CBN…











