CBN – City Business News

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 volatility.In his new...

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 ...

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 ...