CBN – City Business News

October 24, 2026 No Responses

JPMorgan Gets CBN’s Approval To Establish Merchant Bank In Nigeria

THE Central Bank of Nigeria (CBN) has granted Approval-in-Principle (AIP) to JPMorgan to establish a merchant bank in Nigeria, to be known as JPMorgan Merchant Bank Nigeria Limited.This is according to a statement issued by Michael Akuka, the Director, Corporate...

August 8, 2026 No Responses

CBN, Experts Chart Africa’s Economic Future

By ebosele@hotmail.com – The 7th Africa Emerging Markets Forum (AEMF 2026), hosted by the Central Bank of Nigeria (CBN) in Abuja, opened with high-level discussions on the future of Africa’s economy and strategies for strengthening the continent’s re...

August 3, 2026 No Responses

CBN Lists Five Strategies To Drive Next Stage Of Fintech Growth In Nigeria

The next stage of fintech development in Nigeria must focus on five important outcomes to achieve sustainable growth of the initiative, the Central Bank of Nigeria (CBN) has declared.Mr. Yemi Cardoso, Governor, Central Bank of Nigeria (CBN) said in a...

June 2, 2026 No Responses

CBN Unveils Nigeria Payments Systems Vision 2028, Targets 95% Financial Inclusion

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has unveiled the Nigeria Payments Systems Vision (PSV) 2028, a comprehensive roadmap aimed at deepening payment infrastructure, expanding financial inclusion, accelerating innovation, stre...

April 27, 2026 No Responses

Alleged $6.23b Fraud: Witness Tells Court Funds Were Siphoned from CBN For ‘Foreign Observers’

A prosecution witness, Chinedu Eneanya, on Monday told Justice Hamza Muazu of the Federal Capital Territory (FCT) High Court, Maitama, Abuja, that a total sum of $6.23 billion was allegedly siphoned from the coffers of the Central Bank of Nigeria...

April 20, 2026 No Responses

Photo News

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso (right), and the Executive Vice Chairman (EVC) and Chief Executive Officer (CEO) of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, after signing a Memorandum of Understandin...

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...

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 ...