CBN – City Business News

April 4, 2026 No Responses

CBN Approves Flutterwave’s Banking Services Drive

FLUTTERWAVE has secured regulatory approval from the Central Bank of Nigeria (CBN) to provide banking services in Nigeria.The Founder and Chief Executive Officer of Flutterwave, Olugbenga Agboola, disclosed this in a statement issued on Friday.Agboola said the development followed the...

April 2, 2026 No Responses

CBN Raises ₦4.65trn To Strengthen Financial System Resilience

THE Central Bank of Nigeria (CBN) has announced the successful conclusion of the banking sector recapitalisation programme initiated in March 2024.Over the 24 months, Nigerian banks raised a total of ₦4.65 trillion in new capital to strengthen the resilience...

March 25, 2026 No Responses

EFCC, CBN Strengthen Collaboration

The Economic and Financial Crimes Commission, EFCC, has called for enhanced collaboration and operational support with the Central Bank of Nigeria, CBN in Enugu State.The call, made by the Zonal Director, Enugu Zonal Directorate of the EFCC, Commander of the.....

March 11, 2026 No Responses

Tinubu nominates Lamido Abubakar Yuguda As CBN Deputy Governor

President Bola Ahmed Tinubu has approved the appointment of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria, subject to confirmation by the Senate.The appointment is in accordance with Section 8(1) of the Central Bank of Nigeria...

March 5, 2026 No Responses

Photo News

The Central Bank of Nigeria (CBN) Governor, Mr. Olayemi Cardoso (second from left) flanked by the Deputy Governor (Economic Policy), Central Bank of Nigeria (CBN), Dr. Muhammad Sani Abdullahi, the Executive Secretary, Solid Minerals Development Fund, Hajiya Fa...

February 20, 2026 No Responses

CBN Seeks Coordinated Digital Payment Reforms At G-24 TGM 2026

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has called for coordinated reforms in digital cross-border payments to drive inclusive growth, strengthen financial stability, and deepen global financial integration across developing economi...

February 9, 2026 No Responses

BoI Gets CBN Approval To Launch Non-Interest Banking Window

The Bank of Industry (BoI) has secured regulatory approval from the Central Bank of Nigeria (CBN) to operate a Non-Interest Banking (NIB) Window.Announcing the milestone on Sunday in a statement, Managing Director, BoI, Dr Olasupo Olusi, said the development m...

January 27, 2026 No Responses

CBN Upgrades Opay, Moniepoint, Palmpay, others To National Licenses

THE Central Bank of Nigeria (CBN) has upgraded the licenses of major FinTech companies and Microfinance Banks, including Opay and Moniepoint, to national status, allowing them to operate across the country following compliance with regulatory requirements.The ...

December 21, 2025 No Responses

CBN To Banks: Configure ATMs, POS Terminals For Foreign Cards Transactions

The Central Bank of Nigeria (CBN) has directed banks and non-bank acquirers to implement multi-factor authentication for foreign card transactions exceeding $200 per day.In a circular dated December 18 and signed by Rita Sike, director of the financial policy ...

December 16, 2025 No Responses

Dangote Appoints Ex-CBN Director As Group Chief Economist

Dangote Group has appointed renowned economist and former Central Bank of Nigeria (CBN) Director, Dr Mahmud Hassan as its Group Chief Economist, strengthening the Group’s economic advisory capacity at a time of heightened global and domestic market volatilit...

December 4, 2025 No Responses

CBN Hosts 35th IILM Governing Board Meeting

The Central Bank of Nigeria (CBN), led by Governor Olayemi Cardoso, hosted the 35th Governing Board Meeting of the International Islamic Liquidity Management Corporation (IILM) for the first time in Nigeria at the CBN Headquarters, Abuja.The meeting aligns wit...

November 9, 2025 No Responses

PalmPay, Wema Bank Complete Nigeria’s First Live Transaction On National Payment Stack

Nigeria’s digital payment landscape reached a groundbreaking milestone on Friday, November 7, 2025, as the first live transaction was successfully completed on the National Payment Stack (NPS) at exactly 11:56 a.m.City Business News reports that the historic...

November 9, 2025 No Responses

CBN Harps On Effective Communication For Banking Recapitalisation, $1tri Economy

The Central Bank of Nigeria (CBN) has identified strong and effective communication as a catalyst for achieving the ongoing banking sector recapitalisation and advancing the country’s ambition of becoming a $1 trillion economy.Mr. Philip Ikeazor, the CBN Dep...

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 ...