Bank Customers Unhappy as New VAT Charges Begin
Nigerian bank customers express frustration as commercial banks implement 7.5% VAT on electronic services, adding to existing fees. Calls grow for CBN oversight. Read the full report.
Category : Search result: CBN monitoring
CBN: Nigeria's Economy Grows 3.89% in 2025, Inflation Eases
The Central Bank of Nigeria's 2025 macroeconomic outlook shows resilient growth at 3.89% and falling inflation. Discover the projections for 2026 and the critical policy actions needed.
IMPR Honours Staff for PRrev Media Monitoring Tool
Shuaibu Imam Agaka named IMPR's 2025 Staff of the Year for creating PRrev, an automated media monitoring software. The innovation transforms press review and analysis for PR professionals in Nigeria.
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.
LSSTF Deploys Team to Monitor Security Assets in Lagos
Dr Ayo Ogunsan, LSSTF boss, deploys a monitoring team to ensure accountability and transparency in the use of security resources. Read how this move aims to boost public trust.
LSSTF Launches Team to Monitor Security Assets in Lagos
LSSTF CEO Dr Ayo Ogunsan inaugurates a monitoring team to track vehicles and assets for the RRS, ensuring transparency and accountability in Lagos security funding. Read more.
PEBEC 2025 Report: Best and Worst Performing MDAs Revealed
PEBEC's 2025 report exposes a sharp divide in government agency performance. NCDMB leads, while ARCON scores a dismal 3%. Discover which MDAs are driving or hindering Nigeria's business environment.
Police Enforce VIP Escort Ban with Special Team
The Nigeria Police Force has formed a special enforcement team to ensure compliance with President Tinubu's order withdrawing officers from VIP duties. Monitoring in Lagos shows high compliance.
Police Hunt Officers Still Escorting VIPs, Deploy Task Force
Nigeria Police Force begins nationwide enforcement of President Tinubu's order withdrawing police escorts from VIPs. A special task force monitored Lagos with plans to extend checks across all states. Read more.
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.
CBN Prioritises Digital Payments, Financial Inclusion for 2026
CBN Governor Olayemi Cardoso outlines 2026 agenda focusing on payment system upgrades, digital finance expansion, and deeper financial inclusion for all Nigerians. Read the full plan.
16 Banks Meet CBN Capital Rules Ahead of 2026 Deadline
CBN Governor Yemi Cardoso confirms 16 banks have met new capital thresholds. With the March 2026 deadline approaching, the recapitalisation drive aims to strengthen lenders for Nigeria's $1 trillion economy goal.
High Energy Costs Threaten Nigerian Manufacturing - FG
The Federal Government warns that energy costs now consume 40-60% of manufacturers' expenses, eroding Nigeria's industrial edge. Minister John Owan Enoh calls for urgent action. Read more.
Naira Strengthens as Dollar Inflows Surge Over 64%
The Nigerian Naira receives a significant boost as dollar inflows into the FX market jump by 64.24% to $841.10 million, improving liquidity and strengthening the official rate. Read the full analysis.
PDP Holds Osun Primary Amid Security, Adeleke's Exit
PDP delegates in Osun converged for a tense governorship primary under heavy security, proceeding despite Governor Adeleke's resignation and initial suspension claims. INEC monitored the exercise.
Nigerian Banks Hit N33.24 Trillion in Customer Deposits
Ten Nigerian banks recorded over N33.24 trillion in savings deposits by September 2025, a 6.8% annual increase. See which Tier-2 banks led the growth and the latest CBN savings rates.
Naira Weakens Against Dollar in Official, Black Markets
The Nigerian naira depreciated against the US dollar on Monday, December 1, dropping to N1,448.44/$1. Despite rising foreign reserves, currency pressure persists. Full details inside.
Naira Begins December Strongly Against US Dollar
The Nigerian Naira rebounds against the USD, closing at N1,446.74. CBN interventions and $20.98bn foreign inflows boost confidence. Experts predict stability ahead. Read more.
CBN Consolidates Financial Market Reform Gains
CBN Governor Yemi Cardoso outlines progress in Nigeria's financial reforms as naira stabilizes, inflation drops to 16.05%, and reserves hit $46.7 billion. Learn how these gains impact Nigeria's economy.
OPay Addresses Viral Shutdown Rumors in Nigeria
OPay dismisses social media rumors about shutting down operations in Nigeria. The fintech company confirms customer funds remain safe and accessible under CBN regulation.
CBN: Nigeria's inflation drops to 16.05% in October
CBN Governor Cardoso announces sharp decline in inflation and FX market stabilization. Nigeria's economic reforms showing positive results with renewed investor confidence.
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