CBN – City Business News

September 12, 2025 No Responses

FIRS, CBN, NEXIM, UBA, NDIC Back 2025 FICAN Conference

The 2025 Conference of the Finance Correspondents Association of Nigeria (FICAN) has received strong backing from key financial institutions and regulators, underscoring its significance as a platform for shaping discourse on Nigeria’s digital economy.Among the supporters of the annual event...

September 12, 2025 No Responses

Wema Bank Completes N150b Rights Issue, Secures SEC, CBN Approval

WEMA Bank Plc has completed its N150 billion Rights Issue, securing approvals from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC).In a statement on Thursday, the bank explained that the Rights Issue, which opened on...

September 10, 2025 No Responses

CBN Projects $1b Diaspora Reserve

The Central Bank of Nigeria (CBN) is targeting a diaspora reserve of $1billion by 2026.Dr Olayemi Cardoso, the Governor of CBN, said this at the 18th Annual Banking and Finance Conference organised by the Chartered Institute of Bankers of Nigeria...

May 27, 2025 No Responses

Court Fixes July 4 For Judgment On CBN Act

Justice James Omotosho of the Federal High Court, Abuja, has fixed 4 July for judgment to determine the legality of the Nigeria Inter-Bank Settlement System Plc’s (NIBSS) management of the Bank Verification Number (BVN) database, said to be in line...

April 20, 2025 No Responses

CBN, NGX Group Showcase Nigeria’s Reform At Nasdaq, New York

AS part of measures to woo global capital and enhance investor’s confidence, Nigeria’s top financial leaders presented a unified front at a strategic investment forum hosted at the Nasdaq MarketSite in New York. The event, held on Thursday, April 17,.....

April 6, 2025 No Responses

CBN Injects $197.71m To Boost Liquidity

The Central Bank of Nigeria (CBN) has injected $197.71 million to boost market liquidity and stability in the foreign exchange market. In a statement on Saturday, CBN’s Director of Financial Markets Department, Omolara Duke, said the apex bank has...

March 21, 2025 No Responses

NGX Group, CBN, MinieMoney, Others Partner To Boost Students’ Financial Literacy

The Nigerian Exchange Group (NGX Group), in collaboration with the Central Bank of Nigeria (CBN) and MinieMoney, empowered over 200 students with essential financial literacy skills as part of the 2025 Global Money Week celebration. The event conve...

March 10, 2025 No Responses

FG Reiterates Commitment To Disburse CVFF

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has reaffirmed the commitment of President Bola Ahmed Tinubus administration to the disbursement of the Cabotage Vessel Financing Fund (CVFF).This was the focus of discussions whe...

February 28, 2025 No Responses

Customs, CBN Harp On Technology-Driven Trade Reforms

The Comptroller-General of Customs, Adewale Adeniyi, has reaffirmed the Nigeria Customs Service’s (NCS) commitment to enhancing collaboration with the Central Bank of Nigeria (CBN) to facilitate trade and boost revenue generation—a development he said woul...

February 26, 2025 No Responses

N30tri Ways And Means: Senate Accuses CBN Of Obstructing Probe

The Senate Ad-hoc Committee on Ways and Means Advance has accused the Central Bank of Nigeria (CBN) of frustrating its investigation into the N30 trillion Ways and Means Advance and the Anchor Borrowers’ programme under former President Muhammadu Buhari’s ...

January 15, 2025 No Responses

CBN Sanctions Zenith Bank, Fidelity, Others For ATM Cash Scarcity

The Central Bank of Nigeria (CBN) has sanctioned Deposit Money Banks (DMBs) for failing to make Naira notes available through automated teller machines (ATMs), during the yuletide season. The affected banks include Zenith Bank, Fidelity Bank Plc, First Bank Pl...

January 10, 2025 No Responses

CBN Stops Extension Of Export Proceeds Repatriation

The Central Bank of Nigeria (CBN) has suspended approvals for the extension of export proceeds repatriation on behalf of exporters. This directive, which was issued through a circular dated January 8, 2025, take immediate effect. The suspension applies to both...

October 10, 2024 No Responses

‘Emefiele Violated Procedure In Redesigned Naira’

A former Deputy Governor of the Central Bank of Nigeria (CBN), Edward Adamu, on Wednesday told the Federal Capital Territory High Court Abuja that Godwin Emefiele, a former Governor of the Bank did not follow laid down procedure in the...

September 26, 2024 No Responses

CBN Allocates $20,000 To Each BDC At ₦1,590/$

The Central Bank of Nigeria (CBN) has announced the sale of $20,000 to each of the eligible Bureau De Change (BDC) operators in the country at the rate of N1,590/$. In a circular to all Bureau De Change operators dated...