CBN Archives - News Desk Nigeria

CBN Tightens Grip On Payments Sector, Orders Banks And Fintechs To Reveal Owners, Localise Data By 2027

NewsDeskNgJun 17, 2026June 17, 20260

CBN mandates beneficial ownership disclosure, local data storage and market-share limits to curb payments concentration risks. Central Bank of Nigeria (CBN) has ordered banks, fintechs, and other payment service providers to disclose their ultimate beneficial owners, localise payments transaction data, and comply with new market share limits designed to curb...

CBN Moves To Bar HoldCos From Influencing Banks’ Lending Decisions

NewsDeskNgJun 13, 2026June 13, 20260

CBN proposes rules to ban parent companies from credit approvals and require 51% ownership of banking subsidiaries. The Central Bank of Nigeria (CBN) has proposed a sweeping overhaul of the regulatory framework for Financial Holding Companies (HoldCos), including measures to strengthen the operational independence of subsidiaries by prohibiting parent companies...

CBN Says Nigeria Spent $2.34 Billion On Food Imports In 2025

NewsDeskNgMay 31, 2026May 31, 20260

CBN says Nigeria spent $2.34 billion on food imports in 2025 despite lower foreign exchange demand. Nigeria spent approximately $2.34 billion on food imports in 2025, according to the latest data released by the CBN. Figures contained in the apex bank’s Quarterly Statistical Bulletin, quoted by Nairametrics on Saturday, showed...

CBN Retains Interest Rate At 26.5% As MPC Battles Inflation, Global Economic Pressures

NewsDeskNgMay 21, 2026May 21, 20260

CBN keeps benchmark lending rate at 26.5% as MPC moves to contain inflation and stabilise Nigeria’s economy. The Central Bank of Nigeria has retained the country’s benchmark lending rate at 26.5 per cent as authorities intensified efforts to contain inflationary pressures and protect macroeconomic stability amid growing global economic uncertainties....

CBN MPC Member Warns Unchecked Fiscal Spending Could Undermine Inflation Gains

NewsDeskNgMay 14, 2026May 14, 20260

CBN MPC member warns fiscal spending, especially electoral-driven releases, could reverse Nigeria’s fragile disinflation and inflation gains. A member of the Central Bank of Nigeria’s Monetary Policy Committee (MPC), Professor Murtala Sabo Sagagi, has warned that Nigeria’s efforts to curb inflation could be undermined if fiscal spending is not properly...

CBN Introduces Risk-Based Capital Rules To Strengthen Banks, Restore Investor Confidence

NewsDeskNgMay 1, 2026May 1, 20260

CBN says new risk-based capital framework will boost bank stability, deepen governance, and restore investor confidence in financial system. Governor of Central Bank of Nigeria (CBN), Olayemi Cardoso, has said the apex bank’s new risk-based capital framework will serve as a critical anchor for financial system stability, ensuring that recent...

CBN Urges Students To Master Money Skills As Economy Evolves

NewsDeskNgApr 30, 2026April 30, 20260

CBN tells students financial literacy is essential, promoting early money management skills to navigate Nigeria’s changing economic landscape effectively. Central Bank of Nigeria (CBN) has intensified its push for early financial literacy, urging secondary school students to treat money management as a vital life skill in today’s rapidly changing economy....

Central Bank Of Nigeria Announces Completion Of Banking Recapitalisation Programme

NewsDeskNgApr 1, 2026April 1, 20260

CBN has announced the completion of its banking recapitalisation programme aimed at strengthening the resilience of Nigeria’s financial system The Central Bank of Nigeria (CBN) has announced the successful completion of its banking sector recapitalisation programme, with lenders raising a total of ₦4.65 trillion in fresh capital over a two-year...

Court Nullifies CBN’s Sack Of Union Bank Board, Orders Reinstatement

NewsDeskNgMar 25, 2026March 25, 20260

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: CBN Reforms Boost Stability But Nigerians Are Struggling To Breathe

NewsDeskNgMar 23, 2026March 23, 20260

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...