At least 14 commercial banks in Nigeria have not yet satisfied the capitalization mandates set forth by the Central Bank of Nigeria (CBN), as the looming deadline of March 31, 2026 approaches. This update comes on the heels of CBN Governor Olayemi Cardoso’s announcement on Tuesday, revealing that sixteen banks have successfully met their recapitalization…
The Central Bank of Nigeria (CBN) has released a conclusive directive that intricately outlines the procedure for financial holding companies to calculate their minimum paid-up capital, following a series of confusions that had postponed the issuance of various banks’ half-year and nine-month fiscal reports. In a circular dated November 14, 2025, the apex financial institution…
The Central Bank of Nigeria (CBN) has issued a call for prudence in the handling of naira notes, characterizing the currency as an indispensable emblem of national pride. This appeal was made on a Thursday in Awka during a fair centered around the theme, “Driving Alternative Payment Channels as Instruments for Financial Inclusion, Expansion, and…
The Association of Issuing Houses of Nigeria (AIHN) has reported that the Central Bank of Nigeria’s (CBN) bold interest rate increases have significantly heightened investor appetite for fixed income assets in 2024. In her remarks during the AIHN’s Annual General Meeting and the unveiling of the financial statements for 2024 in Lagos, the association’s president,…
The Central Bank of Nigeria (CBN) has strongly denied claims that it had allocated US1.259 billion as awards to leading players in oil industry in the importation of refined fuel products and related comities. Defining the reports as all false and misleading, the central bank explained that the mentioned amount of US 1.259 billion, which…
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…
