CBN

Federal High Court voids CBN’s dissolution of Union Bank board, orders reinstatement of former management and halts further actions. A Federal High Court sitting in Lagos has nullified the Central Bank of Nigeria’s (CBN) decision to dissolve the board and management of Union Bank of Nigeria. Delivering judgment on Wednesday,...

Chika Mbonu says CBN reforms improved FX stability and confidence, but rising costs have left many Nigerians struggling to cope. Business analyst, Chika Mbonu, has commended the Central Bank of Nigeria’s reforms for restoring economic stability, while warning that the policies have worsened the cost-of-living crisis for ordinary Nigerians. Speaking...

Governor Olayemi Cardoso has  highlighted how monetary and structural reforms have stabilised Nigeria’s economy and attracted foreign investment. Governor of Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, on Wednesday, said Nigeria’s ongoing monetary and financial sector reforms were strengthening the economy’s resilience to external shocks while reinforcing investor confidence,...

Nigeria’s central bank says it is ready to intervene to stabilise the naira amid investor flight from emerging markets. Nigeria’s central bank says it has put contingency measures in place to stabilise the naira if the currency comes under pressure amid global investor flight from riskier emerging-market assets triggered by...

CBN has reduced the benchmark interest rate from 27% to 26.5%, the lowest since May 2024. The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has reduced the country’s benchmark interest rate from 27 percent to 26.5 percent, signaling a shift in monetary stance amid evolving economic...