Central Bank of Nigeria - Nigeria News Source

May 15, 2025

The race to expand financial access for Nigerians in diaspora

In the race to build a secure, efficient and inclusive financial ecosystem for Nigerians globally, the Central Bank of Nigeria (CBN), in collaboration with the Nigeria Interbank Settlement System...

May 5, 2025

CBN’s 2024 financial performance – a strategic shift

The Central Bank of Nigeria’s (CBN) financial statements for the year 2024 have generated significant interest, not only among financial analysts and economists but also among regular citizens keen...

April 22, 2025

CBEX collapse and the fragility of Nigeria’s financial oversight: A call for urgent policy reform

The recent collapse of the CBEX digital asset trading platform, which reportedly resulted in the loss of over ₦1.3 trillion in investor funds, is not just another unfortunate episode...

April 14, 2025

Revitalizing Nigeria’s foreign exchange market

In recent months, Nigeria’s foreign exchange market has attracted substantial attention due to the proactive measures initiated by the Central Bank of Nigeria (CBN) under the stewardship of Yemi...

March 11, 2025

Reps ask CBN to suspend implementation of new ATM charges

The House of Representatives has passed a resolution calling for the suspension of the increase in Automated Teller Machine (ATM) transaction charges and the stoppage of free ATM withdrawals...

February 25, 2025

CBN’s bold steps towards Monetary Policy Rate

In a strategic move reflecting confidence and stability, the Central Bank of Nigeria (CBN) has chosen to maintain the Monetary Policy Rate at 27.50 per cent. This decision underscores...

February 20, 2025

CBN holds MPR at 27.5%, cites positive macro indicators

The Central Bank of Nigeria (CBN) on Thursday held its benchmark interest rate, the Monetary Policy Rate (MPR), unchanged at 27.5 per cent, pressing pause on its aggressive tightening...

February 14, 2025

Three new ATM charges Nigerians will start paying from March

Nigerians are set to experience a major shift in ATM transaction costs as the Central Bank of Nigeria (CBN) rolls out new withdrawal charges. Gone are the days when...

February 12, 2025

Nigerians to pay more for interbank ATM withdrawals as CBN raises charges

Beginning from March 1, 2025, Nigerian bank customers will pay higher charges on cash withdrawals at ATMs of banks/financial institutions other than the ones where they hold accounts. The...

February 6, 2025

CBN sets new limits on BDC forex purchases

The Central Bank of Nigeria (CBN) has introduced new regulations for Bureau de Change (BDC) operators, limiting them to purchasing a maximum of $25,000 weekly from a single authorised...

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