In September 2025, the economy of Nigeria continued to record an upward trend since the Purchasing Managers Index (PMI) increased to 54.0 points in September compared to 51.7 points in August and this is the tenth month of consecutive growth. The annual PMI report that was issued by the Central Bank of Nigeria (CBN) showed…
According to Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso, the focus on alternative payment channel in the country has actually aided the country in countering inflation, and stabilize the foreign exchange market. According to him, the apex bank is determined to make itself productive, increase financial inclusion, and ensure monetary and price…
A progression of stringent guidelines has been introduced by the Central Bank of Nigeria (CBN) which aims at taking control of the fixed income market in the country. These policies, which will be implemented in November are aimed at increasing transparency in the Nigerian financial sector. This was announced by the highest body of financial…
Under the impressive month of September 2025, investors in the dynamic stock market have accumulated an impressive N1.811 trillion, a huge feat credited to the current monetary changes that have been instituted by the central bank of Nigeria (CBN) that have tremendously rejuvenated investor confidence in the market. Analysts have observed that the recent reduction…
The Central Bank of Nigeria (CBN) has established an updated deadline and directives for all financial institutions in Nigeria, including banks, Mobile Money Operators (MMOs), Switching and Processing Companies, Payment Terminal Service Providers (PTSPs), Payment Solution Service Providers (PSSPs), Super Agents, and other licensed operators. These entities are required to transition to the ISO 20022…
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has underlined the crucial importance of collaboration between the bank and the Nigeria Deposit Insurance Corporation (NDIC) to alleviate risks in the financial domain and bolster depositor trust. Cardoso expressed that the CBN is counting on NDIC’s support to proactively address potential disturbances…
The Central Bank of Nigeria (CBN) has decided to keep its benchmark interest rate, known as the Monetary Policy Rate (MPR), unchanged at 27.5%. This decision was made in light of ongoing pressures on the prices of goods and services, as well as persistent global uncertainties. The CBN also reported that eight banks have successfully…
The Central Bank of Nigeria has scheduled its 301st MPC meeting for Monday and Tuesday, July 21 and 22, 2025. This information was shared on the bank’s official website over the weekend. The MPC, which is the bank’s top body for making key monetary decisions, will gather in Abuja to discuss the country’s interest rates…
The Central Bank of Nigeria (CBN) has mandated commercial banks in the country to develop and submit a capital restoration plan. This directive is part of the CBN’s regulatory efforts to facilitate the transition away from the forbearance regime. Olubukola Akinwunmi, the CBN’s Director of Banking Supervision, announced this requirement in a circular released on…
The Recently experienced a notable appreciation against the dollar in the official foreign exchange market. According to data from the Central Bank of Nigeria, the Naira strengthened to N1,536.08, up from N1,549.26 the previous day, marking a gain of N13.18 against the dollar. This marks the first increase for the Naira in the official exchange…
