CBN Targets Legal Action Against FX Forward Contract Violators After Forensic Audit
The Central Bank of Nigeria has announced plans to take legal action against violators of foreign exchange forward contracts, following ...
Tag: CBN
CBN Suspends Instant Cheque Alerts to Curb Dud Cheques
In a move to curb the rising cases of bounced and dud cheques, the Central Bank of Nigeria (CBN) has ...
CBN’s Anchor Borrowers’ Program Failed to Deliver For Smallholder Farmers,Agri-SMEs -AFAN
The now-suspended Anchor Borrowers’ Programme (ABP) of the Central Bank of Nigeria (CBN) has been declared a failure by the ...
CBN Publishes Current Loans and Savings Interest Rates for Nigerian Banks as the MPC Meeting Approaches: Here’s the Breakdown of the Current Rates and What It Means for MSMEs
As the Central Bank of Nigeria (CBN) prepares for its upcoming Monetary Policy Committee (MPC) meeting, a detailed breakdown of ...
Public Confidence in Inflation Outlook Rises in June 2025 – CBN Survey
A growing number of Nigerians are beginning to feel the impact of economic reforms aimed at curbing inflation, with public ...
Loan Defaults Surge in Q2 2025, Small Businesses Hit Hardest Despite Eased Credit Conditions
Loan defaults rose sharply across all major borrower categories in the second quarter of 2025, with small businesses bearing the ...
CBN Opens Call for Proposals for Knowledge Acceleration Programme (KAP) Workshops
The Central Bank of Nigeria (CBN) will begin accepting proposals on Tuesday, July 15, for its 2025 Knowledge Acceleration Programme ...
Nigerian Banks to Report Monthly Transactions Over N5m as Part of Sweeping Tax Reforms
Nigerian commercial banks will now be required to report all customer accounts with monthly transactions exceeding N5 million to the ...
CBN Warns Banks and Fintechs on Cybersecurity Risks in Open Banking Push
The Central Bank of Nigeria (CBN) has cautioned banks and financial technology companies (fintechs) to prioritize cybersecurity as Nigeria deepens ...
Nigeria’s Instant Payment System Among World’s Best, Says CBN as Open Banking Gains Momentum
The Central Bank of Nigeria (CBN) has declared that the country’s instant payment system ranks among the most advanced globally, ...
