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Central Bank of Nigeria

Nigeria: Escalating Interest Rates Aggravate Housing Crisis and Dampen Investment Activity

The Central Bank of Nigeria has hiked interest rates from 11.5% in April 2022 to 18.5% in July…

Central Bank of Nigeria Achieves N406.1bn from Treasury Bills in July

In July 2023, the Central Bank of Nigeria (CBN) witnessed a significant surge in the fixed income market,…

Central Bank of Nigeria: Banks now required to obtain customers’ social media handles

The Central Bank of Nigeria (CBN) has introduced new regulations that require banks to collect the social media…

Nigeria: Central Bank of Nigeria renews Cellulant’s Payment Service Solution Provider License

The Central Bank of Nigeria has renewed Cellulant’s Payment Service Solution Provider License in Nigeria. This license enables…

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Nigeria: CBN to raise bank minimum capital to N906b

The Central Bank of Nigeria (CBN) is considering an increase in the minimum capital requirement for Nigerian commercial…

Nigeria: CBN Governor approves updated service charter

In a significant step towards enhancing the business environment in Nigeria, Central Bank of Nigeria (CBN) Governor Olayemi…