Category : Search result: CBN financial reforms


Experts Back Bank Recapitalisation, Urge Caution

Financial experts endorse the CBN's bank recapitalisation drive as crucial for economic stability but caution that poor regulation and macroeconomic woes could undermine its success. Learn the key insights.

Oyedele Faces Threats Over Nigeria's Tax Reforms

Taiwo Oyedele, head of Nigeria's tax reforms committee, discloses receiving life threats while implementing new tax laws. He cites powerful interests and public mistrust as major obstacles. Read more.

2026 Naira Forecast: N1,350 to N1,450 per Dollar

Financial experts project the naira will trade between N1,350 and N1,450 against the US dollar in 2026. Discover the key factors influencing this forecast and what it means for Nigeria's economy.

Naira's Best Run in 10 Years as CBN Reforms Pay Off

The Nigerian naira appreciated over 7% in 2025, its strongest annual performance in a decade, driven by CBN reforms and rising external reserves now at $45.6 billion. Discover how the FX market transformation is boosting economic confidence.

CBN Reforms End Festive Cash Scarcity in Nigeria

The Central Bank of Nigeria's strategic reforms, led by Governor Olayemi Cardoso, have successfully eliminated cash scarcity during the 2025 festive season. Learn how new regulations and digital initiatives are transforming Nigeria's financial landscape.

Obi: Tax Reforms Must Not Punish the Poor

Peter Obi cautions the Nigerian government against imposing taxes that worsen poverty. He advocates for comprehensive, people-centered economic reforms to stimulate growth.

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.

No Bank Shutdowns from CBN Recapitalisation - ACAMB

The Association of Corporate Communication & Marketing Professionals in Banks dismisses viral claims of 12 banks shutting down. ACAMB assures the public the recapitalisation is proceeding smoothly to strengthen the financial system.

CBN Directs Banks to Enable Foreign Card Use on ATMs, POS

The CBN mandates Nigerian banks to configure ATMs and POS terminals to accept foreign cards, introducing new security measures for transactions above $200 daily. Report challenges to the Consumer Protection Department.

CBN Withdraws Licenses of Two Mortgage Banks

The Central Bank of Nigeria has revoked the operating licenses of Aso Savings and Union Homes for regulatory breaches. Discover the full story and what it means for Nigeria's financial sector.

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.

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.

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