Otedola on Tinubu Reforms, First Bank Meets N500bn Target
Billionaire Femi Otedola commends President Tinubu's economic reforms and CBN's Cardoso, disclosing First Bank has met the N500bn capital requirement. He urges raising the bar to N1 trillion.
Category : Search result: CBN FX reforms
Naira Appreciates 6.5% in 2025, Breaks 13-Year Record
The Nigerian naira appreciated 6.5% in 2025, marking its first annual gain in 13 years. Discover how CBN reforms and FX reserves growth fueled this historic turnaround.
Tinubu's 2026 Agenda: Deeper Reforms, Tax Harmonisation
President Bola Tinubu pledges to consolidate economic reforms and push for tax harmonisation in 2026 to ensure inclusive growth and shared prosperity for all Nigerians. Read his full New Year message.
CBN's 2025 Reforms Reshape Nigeria's BDC Operations
A detailed review of the Central Bank of Nigeria's pivotal 2025 reforms, from fee waivers and the FX Code to massive licence revocations, that transformed the Bureau de Change landscape for greater stability and transparency.
CBN Announces New Cash Withdrawal, Deposit Rules for 2026
The Central Bank of Nigeria has revised its cash withdrawal and deposit policies, effective January 1, 2026. Learn the 5 major changes, including new limits and fees.
Tax Reforms Delay Will Keep 98% of Workers Overtaxed - Oyedele
Taiwo Oyedele warns that failure to implement new tax laws by January 1, 2026, will leave 98% of Nigerian workers overtaxed. He urges targeted amendments, not suspension.
Naira's 2025 Recovery: How CBN Policies Made the Difference
The Naira staged a remarkable recovery in 2025, closing stronger than 2024. Discover the 4 key CBN FX policies that drove stability and what experts predict for 2026.
CBN revokes licences of two mortgage banks
CBN revokes Aso Savings & Union Homes licences for regulatory breaches. NDIC starts insured deposit payments up to N2m. Learn how to claim your funds.
NDIC Pays Aso Savings, Union Homes Depositors After CBN Revocation
The NDIC has started reimbursing depositors of Aso Savings and Union Homes after the CBN revoked their licenses. Learn how to claim your insured funds up to ₦2m before the deadline.
Dangote Appoints Ex-CBN Director as Group Chief Economist
Dangote Group strengthens its economic advisory team with the appointment of renowned economist and former CBN Director, Dr. Mahmud Hassan. Discover his role and vast experience.
CBN Injects $250M to Stabilise Naira as Reserves Hit $45.4B
The Central Bank of Nigeria intervenes with $250 million to ease dollar scarcity and steady the naira. Nigeria's FX reserves rise to a six-year high of $45.44 billion, strengthening the CBN's hand. Read the full analysis.
Naira resilient despite festive dollar demand surge
The Nigerian naira shows resilience against heightened US dollar demand during the festive 'Detty December' season. CBN's external reserves rise to $45.44 billion, providing crucial support. Experts analyze market dynamics and future outlook.
CAC to Report Fintech Firms to CBN Over PoS Operators
The Corporate Affairs Commission warns it will place OPay, Moniepoint, Palmpay on a watchlist and report them to the CBN for enabling unregistered PoS agents. New deadline set for January 2026.
Naira Drops to N1,454/$1 Amid Festive Dollar Demand
The Nigerian naira weakened against the US dollar, closing at N1,454/$1 as festive season demand spikes. CBN data shows a weekly decline, though rising reserves offer hope. Full analysis inside.
CAC: POS Operators Must Register by Jan 1, 2026
The Corporate Affairs Commission has set January 1, 2026 as the final deadline for all POS operators to register. Unregistered terminals will be seized, and enabling fintechs reported to CBN. Act now to comply.
Ex-CBN Gov Emefiele Denies Sponsoring Terrorism
Former CBN Governor Godwin Emefiele has vehemently denied allegations of financing terrorism in Nigeria, describing the reports as malicious and baseless. Read his full statement and the context of the claims.
CAC: Unregistered POS Terminals Face Seizure from 2026
CAC orders all PoS operators to register by Jan 1, 2026, or face seizure. Fintechs enabling illegal transactions will be watchlisted. Full compliance is mandatory.
Naira Falls as CBN Releases New FX Rate, Gap Widens
The Naira faced fresh pressure on Thursday, depreciating in both official and parallel markets. The Central Bank of Nigeria's new rate shows a widening gap with the black market. Read the full analysis.
NDIC Reiterates N5m Deposit Insurance Cover
NDIC MD reassures depositors of N5m insurance cover, details collaboration with CBN for supervision, and warns against Ponzi schemes. Read key insights from Kano Trade Fair.
CBN's New 72-Hour Rule for Reporting Fraudulent Transfers
The Central Bank of Nigeria's new draft guidelines mandate a 72-hour window for reporting suspicious transfers to qualify for refunds. Learn what this means for your digital banking security.
NDIC Assures Deposit Safety, Warns Against Fraudsters
NDIC MD reassures Nigerians of deposit safety with up to ₦5m insurance. He warns against Ponzi schemes and details collaboration with CBN for banking stability. Visit their Trade Fair pavilion for more.
CBN Sets New Cash Withdrawal Limits Effective 2026
The Central Bank of Nigeria has announced revised cash withdrawal rules, setting new weekly limits for individuals and corporates to start in January 2026. Learn the new limits and fees.
AMCON Repays N3.6trn to CBN, Pursues 3,000 Court Cases
Nigeria's AMCON has repaid N3.6 trillion to the CBN from debt recovery and asset sales since 2010. The corporation still owes N3 trillion and is engaged in over 3,000 lawsuits. Read the full report.
Naira Depreciates as FX Gap Between Official, Parallel Markets Widens
Fresh instability hits Nigeria's forex market as the naira weakens on the parallel market, widening the gap with official rates despite rising external reserves. Get the latest data and analysis.
AMCON pays N3.6tn to CBN, hits 87% recovery rate
Nigeria's AMCON has repaid N3.6 trillion to the CBN, achieving an 87% recovery rate. CEO Gbenga Alade reveals plans to trace global assets of debtors. Read the full report.
CBN Enforces New Cash Withdrawal Limits & Fees
The Central Bank of Nigeria has announced new weekly cash withdrawal limits of N500,000 for individuals and N5m for corporates, with excess fees starting January 1, 2026. Read the full details.
CBN Removes Cash Deposit Limits, Raises Withdrawal Cap
Nigeria's Central Bank has abolished cash deposit limits and raised weekly withdrawal thresholds to N500k for individuals. New policy takes effect January 2026.
CBN Sets 72-Hour Deadline for Banks to Refund Fraud
The Central Bank of Nigeria issues strict new rules forcing banks to refund fraud victims within 16 days. Learn how this impacts you and the fight against financial crime.
Christmas Cash Demand Hits New Highs in Nigeria
Nigerians are scrambling for physical cash ahead of Christmas, driven by fears of ATM downtimes. The CBN tightens oversight as over N4.4 trillion remains outside banks. Read the full analysis.
Nigeria's $2.25bn Eurobond Oversubscribed, Signals Investor Confidence
Nigeria raises $2.25bn via a heavily oversubscribed Eurobond, attracting over $13bn in orders. Analysts credit recent fiscal reforms and FX liberalisation for renewed global investor confidence in Africa's largest economy.
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