The Office of the Auditor-General has accused the Central Bank of Nigeria of illegally re-circulating N29.77bn in dirty and unfit banknotes across multiple branches in 2022, rejecting the CBN’s explanations and recommending that top officials be summoned by the National Assembly.
CBN governor Cardoso hails S&P’s positive rating, saying reforms are restoring market confidence and putting Nigeria “on the right path.”
Bureau de Change operators in Nigeria are warning that their sector is on the brink of collapse, with many struggling to pay staff and rent after the Central Bank halted dollar sales to them, leading to a catastrophic drop in income.
An EFCC witness on Friday told an Abuja High Court he could not link former CBN governor Godwin Emefiele to the Zenith Bank accounts involved in an alleged property fraud case.
The Osun State government has withdrawn its suit against the Central Bank of Nigeria (CBN) and the Accountant-General of the Federation (AGF) over withheld local government funds, saying the case has been overtaken by events.
CBN Governor Olayemi Cardoso will lead Nigeria’s delegation to the World Bank and IMF annual meetings in Washington after Finance Minister Wale Edun was unable to attend due to illness.
The Central Bank of Nigeria (CBN) is calling on Nigerians at home and abroad to adopt its newly launched “Payments System Vision 2028” and associated initiatives—such as non-resident BVN—to deepen digital financial inclusion and strengthen the country’s payments infrastructure
CBN introduces strict limits and monitoring standards for agent banking to curb financial abuse and enhance transparency.
Citi expects the naira to weaken in 2026 as the CBN eases policy and oil prices fall.
The Central Bank of Nigeria cut the MPR to 27 percent, citing easing inflation and macroeconomic stability while warning of excess liquidity risks.