CBN Revokes Operating Licences of 46 Microfinance Banks
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks (MFBs) with effect from July 1, 2026, citing their failure to meet regulatory requirements. In…
JUST IN: Emir Sanusi Reveals Yar’Adua and Jonathan Never Pressured Him on Monetary Policy Decisions
The Emir of Kano, Muhammadu Sanusi II, has disclosed that former Presidents Umaru Musa Yar’Adua and Goodluck Jonathan respected the independence of the Central Bank of Nigeria (CBN) and never…
BUSINESS UPDATE: Banks, Customers Lost ₦134.48bn to Fraud in 6 Years – CBN Report
Banks and their customers in Nigeria lost a total of ₦134.48 billion to various forms of fraud between 2020 and 2025, even as the country witnessed rapid growth in digital…
CBN Raises Treasury Bills Rates, Allots N1.49 Trillion at Auction
The Central Bank of Nigeria (CBN) allotted N1.49 trillion at its Treasury Bills Primary Market Auction held on Wednesday, June 17, while increasing stop rates across all three tenors, reflecting…
Bola Ahmed Tinubu Seeks Senate Confirmation for Ministerial, CBN Appointments
President Bola Ahmed Tinubu has asked the Nigerian Senate to screen and confirm Muttaqha Rabe Darma as Minister of Housing and Urban Development. The request was conveyed in a letter…
CBN Issues Addendum to BVN Framework: Introduces Temporary Watch-List, Age Restriction & One-Time Phone Number Amendment Rule
The Central Bank of Nigeria (CBN) has released a new addendum to its Revised Regulatory Framework for Bank Verification Number (BVN) operations and watch-list management, introducing stricter measures to combat…
CBN Cuts Monetary Policy Rate by 50 Basis Points to 26.50% in February 2026 MPC Meeting
The Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (MPR) by 50 basis points from 27.00% to 26.50%, the Monetary Policy Committee (MPC) announced at the end…