CBN Archives - News Desk Nigeria

Banks’ Deposits With CBN Fall 1.14% To N82.99tn In August

NewsDeskNgSep 6, 2026September 6, 20260

Banks’ deposits with the CBN fall to N82.99 trillion in August as lenders balance excess liquidity, credit risks and returns. Nigerian banks’ deposits with the Central Bank of Nigeria (CBN) declined by 1.14 per cent month-on-month to N82.99 trillion in August 2026, from N83.96 trillion recorded in July, latest data...

Tech Industry Backs CBN Local Data Push, Warns Of Cost And Infrastructure Challenges

NewsDeskNgAug 10, 2026August 10, 20260

Tech experts back CBN’s local data push but warn that rising costs and infrastructure challenges could threaten its successful rollout. Technology experts have backed the Central Bank of Nigeria’s (CBN) push for local data storage by financial institutions, but warned that rising costs and infrastructure challenges could threaten its successful...

Reps Probe CBN, NNPCL Over Trillions In Unremitted Government Revenue

NewsDeskNgJul 15, 2026July 15, 20260

Lawmakers intensify investigation into alleged unpaid operating surplus and seek detailed records from key revenue-generating government agencies. The House of Representatives Public Accounts Committee (PAC) has directed the Office of the Accountant General of the Federation (OAGF) to provide a comprehensive breakdown of outstanding funds owed to the federal government...

CBN: Rejecting Standard ₦100 Note Violates Law, Attracts Enforcement

NewsDeskNgJul 8, 2026July 8, 20260

The CBN warns that rejecting the standard ₦100 banknote breaks the law and could attract enforcement against offenders. The Central Bank of Nigeria (CBN) has reaffirmed that the standard ₦100 banknote remains legal tender and warned that anyone rejecting it risks enforcement under the law. In a press statement issued...

Cardoso To Banks: Deploy Recapitalisation Funds To SMEs, Agriculture, Infrastructure

NewsDeskNgJul 4, 2026July 4, 20260

CBN Governor Olayemi Cardoso urges banks to channel fresh capital into sectors that drive jobs and growth. Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has challenged banks to channel the fresh capital raised during the industry’s recently concluded recapitalisation exercise into productive sectors of the economy. Cardoso...

Court Urges CBN, NIBSS To Settle N98.5bn Patent Dispute Out Of Court

NewsDeskNgJul 2, 2026July 2, 20260

Federal High Court urges CBN, NIBSS and others to pursue settlement in N98.5 billion patent infringement lawsuit before trial. Justice Deinde Dipeolu of the Federal High Court in Lagos has urged parties in a N98.5 billion patent infringement suit involving Enterprise Logistics Speciale Limited, the Central Bank of Nigeria (CBN),...

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....