Category : Search result: Rita Sike CBN


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.

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.

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.

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.

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.

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.

CBN sells $36.60m to banks amid naira depreciation

Central Bank of Nigeria intervenes in forex market with $36.60 million sale to authorized dealers including Access, UBA, Zenith banks to stabilize naira. Experts analyze impact on currency stability.

Rita Edochie Chats with Yul and Linc Edochie

Rita Edochie was spotted happily chatting with Yul and Linc Edochie at a family event, showing unity despite previous conflicts. Watch the heartwarming reunion video now!

CBN Won't Fund Fiscal Deficits, Says Cardoso

CBN Governor Olayemi Cardoso declares an end to fiscal deficit financing, commits to single-digit inflation. Nigeria's economy shows resilience amid reforms. Read more.

Rita Edochie reunites with Yul and Linc Edochie

Nollywood actress Rita Edochie shares heartwarming video reuniting with nephews Yul and Linc Edochie at family event in Nteje, sparking reactions from netizens about family dynamics.

Nigeria's Money Supply Reaches N119 Trillion

Nigeria's broad money supply increased to N119.04 trillion in October 2025, driven by rising domestic assets despite falling foreign reserves. Learn what this means for the economy.

CBN Orders Banks To Withdraw Misleading Adverts

The Central Bank of Nigeria has ordered all banks to withdraw misleading advertisements. New rules require pre-approval notifications and compliance attestations to protect consumers.

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