CBN
CBN raises N15trn via treasury bills to cover 2025 budget deficit
The Central Bank of Nigeria (CBN) raised N15.3 trillion from the Nigerian treasury bills (NTBs) market in 2025 to support the federal government’s effort to bridge its budget deficit, according to data obtained from the apex bank. According to the apex bank, the amount represents a 15.04 percent increase over the N13.3 trillion raised from […]
CBN working with SEC on framework for crypto regulation, says Cardoso
Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says the bank is collaborating with the Securities and Exchange Commission (SEC) to develop a sustainable framework for digital currencies in the country. Speaking during the CBN governor’s annual lecture series at the Lagos Business School (LBS) on Friday, Cardoso said cryptocurrencies, fintech, and blockchain […]
Just In: Appeal Court Nullifies Emefiele’s Asset Forfeiture
The Court of Appeal, Lagos Division, has overturned the final forfeiture order issued on the assets of the former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, to the Federal Government. In a split decision of two-to-one, delivered on April 9, 2025, and detailed in a certified true copy (CTC) obtained and reported […]
753 Duplexes: Emefiele Pleads Not Guilty As Court Grants Ex-CBN Governor Bail
The former governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, on Monday pleaded not guilty to alleged unlawful possession of an Abuja property containing 753 duplexes. Emefiele pleaded not guilty to the eight-count charge which included fraud and forgery, filed against him by the Economic and Financial Crimes Commission (EFCC). Prosecution Counsel, […]
CBN grants final approval for new finance firm to operate in Nigeria
The Central Bank of Nigeria (CBN) has granted final approval to Ascensia Finance Company Limited to operate as a finance company in the country, according to an official letter dated April 10, 2025, seen by Nairametrics. The apex bank conveyed the decision in a correspondence addressed to the Managing Director/CEO of Ascensia Finance Company, confirming […]
CBN injects $197.71 million to boost FX liquidity
The Central Bank of Nigeria (CBN) has supplied $197.71 million to the foreign exchange market through sales to authorised dealers. The apex bank’s director of financial markets department, Omolara Duke, disclosed this in a statement on Saturday in Abuja. She noted that the intervention aligned with the apex bank’s ongoing commitment to ensuring adequate liquidity […]
Just In: Senate confirms Ayogu as CBN Board Member
By Sola Isola The Nigeria Senate on Tuesday confirmed Professor Melvin Ayogu as a member of the Board of Directors of the Central Bank of Nigeria. President Tinubu had earlier nominated Ayogu to the Senate for screening and consideration. Details Later… Affairs TV News Click Here to Join our WhatsApp Group Click Here to Join […]
Court stops CBN, others from withholding Kano LG allocations
A State High Court sitting in Kano on Monday issued a perpetual injunction restraining the Central Bank of Nigeria from withholding funds from the Federation Account meant for the 44 local governments in the state. The applicants include the Chairman of NULGE, Ibrahim Muhd; Ibrahim Uba Shehu; Ibrahim Shehu Abubakar; Usman Isa; Sarki Alhaji Kurawa; […]
CBN scraps free ATM withdrawals for other banks’ customers
The Central Bank of Nigeria has eliminated the three free monthly withdrawals previously allowed for customers using other banks’ ATMs. In a circular dated February 10, 2025, the apex bank directed all banks and financial institutions to implement new ATM withdrawal charges from March 1, 2025. This means customers will now pay for every withdrawal […]
CBN sanctions nine banks for failing to dispense cash via ATMs
The Central Bank of Nigeria (CBN) says it has sanctioned some Deposit Money Banks (DMBs) for failing to make Naira notes available through automated teller machines (ATMs), during the yuletide season. According to a statement by Hakama Sidi-Ali, CBN’s Director, Corporate Communications Department, this is a clear message of zero tolerance for cash flow disruptions. […]