CBN – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Thu, 19 Mar 2026 07:20:03 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png CBN – InfoStride News https://www.theinfostride.com 32 32 CBN approves Abiagam as Coronation Merchant Bank CEO https://www.theinfostride.com/cbn-approves-abiagam-as-coronation-merchant-bank-ceo/ https://www.theinfostride.com/cbn-approves-abiagam-as-coronation-merchant-bank-ceo/#respond Thu, 19 Mar 2026 07:04:32 +0000 https://www.theinfostride.com/?p=472606 The Central Bank of Nigeria has given formal approval for the appointment of Aigboje “Abiagam” Aig-Imoukhuede as the new Chief Executive Officer of Coronation Merchant Bank, marking a significant leadership transition at one of Nigeria’s key investment and wholesale banking institutions. The approval, which follows a thorough fit-and-proper assessment by the apex bank, signals a [...]

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]]> https://www.theinfostride.com/cbn-approves-abiagam-as-coronation-merchant-bank-ceo/feed/ 0 Cash outside banks surges by N181.7bn in one month https://www.theinfostride.com/cash-outside-banks-surges-by-n181-7bn-in-one-month/ https://www.theinfostride.com/cash-outside-banks-surges-by-n181-7bn-in-one-month/#respond Thu, 19 Mar 2026 07:00:52 +0000 https://www.theinfostride.com/?p=472601 Nigeria has witnessed a significant rise in currency circulating outside the banking system, as cash held by individuals and businesses surged by N181.7bn within just one month. The development has raised concerns among financial experts and policymakers, who warn that the growing preference for cash-based transactions could undermine the country’s monetary stability, weaken financial inclusion [...]

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]]> https://www.theinfostride.com/cash-outside-banks-surges-by-n181-7bn-in-one-month/feed/ 0 CBN says 27 banks secure new capital in ongoing recapitalisation exercise https://www.theinfostride.com/cbn-says-27-banks-secure-new-capital-in-ongoing-recapitalisation-exercise/ https://www.theinfostride.com/cbn-says-27-banks-secure-new-capital-in-ongoing-recapitalisation-exercise/#respond Thu, 19 Mar 2026 07:00:39 +0000 https://www.theinfostride.com/?p=472551 The Central Bank of Nigeria has confirmed that a total of 27 banks have successfully mobilised fresh capital as part of the ongoing recapitalisation programme designed to strengthen the financial system and enhance the resilience of deposit money banks. The disclosure marks a major milestone in the implementation of the banking sector reforms announced earlier [...]

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]]> https://www.theinfostride.com/cbn-says-27-banks-secure-new-capital-in-ongoing-recapitalisation-exercise/feed/ 0 CBN records N74.41tn credit to private sector in one month https://www.theinfostride.com/cbn-records-n74-41tn-credit-to-private-sector-in-one-month/ https://www.theinfostride.com/cbn-records-n74-41tn-credit-to-private-sector-in-one-month/#respond Thu, 19 Mar 2026 07:00:19 +0000 https://www.theinfostride.com/?p=472542 The Central Bank of Nigeria has disclosed that commercial banks extended a total of N74.41 trillion in credit to the private sector in a single month, highlighting the continued expansion of lending activities and the central role of banks in supporting economic growth. The report underscores the resilience of Nigeria’s financial system and signals the [...]

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]]> https://www.theinfostride.com/cbn-records-n74-41tn-credit-to-private-sector-in-one-month/feed/ 0 Foreign trade payment rises to $267.96 million – CBN https://www.theinfostride.com/foreign-trade-payment-rises-to-267-96-million-cbn/ https://www.theinfostride.com/foreign-trade-payment-rises-to-267-96-million-cbn/#respond Sat, 28 Feb 2026 11:30:28 +0000 https://www.theinfostride.com/?p=425733 Nigeria’s foreign trade payments through Letters of Credit (LCs) rose to $267.96 million in the first four months of 2025, according to recent data from the Central Bank of Nigeria (CBN). This represents a 3.68 percent increase compared to the same period in 2024 and signals a gradual recovery in the country’s international trade financing [...]

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]]> https://www.theinfostride.com/foreign-trade-payment-rises-to-267-96-million-cbn/feed/ 0 CBN Records $276m Decline in IMTO Inflows https://www.theinfostride.com/cbn-records-276m-decline-in-imto-inflows/ https://www.theinfostride.com/cbn-records-276m-decline-in-imto-inflows/#respond Sat, 28 Feb 2026 11:00:41 +0000 https://www.theinfostride.com/?p=474333 The Central Bank of Nigeria has reported a significant drop of $276 million in foreign exchange inflows from International Money Transfer Operators, reflecting ongoing pressures in Nigeria’s external sector despite recent reforms aimed at boosting foreign currency supply. According to the apex bank, IMTO inflows declined within the latest reporting period compared with the preceding [...]

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]]> https://www.theinfostride.com/cbn-records-276m-decline-in-imto-inflows/feed/ 0 CBN Cuts Interest Rates as OPS Pushes for Improved Credit Access https://www.theinfostride.com/cbn-cuts-interest-rates-as-ops-pushes-for-improved-credit-access/ https://www.theinfostride.com/cbn-cuts-interest-rates-as-ops-pushes-for-improved-credit-access/#respond Wed, 25 Feb 2026 16:53:21 +0000 https://www.theinfostride.com/?p=467174 The Central Bank of Nigeria (CBN) has announced a reduction in interest rates, a move it says is intended to stimulate economic activities and ease borrowing costs for businesses across the country. The development has been welcomed by segments of the private sector, although members of the Organized Private Sector (OPS) insist that the real [...]

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]]> https://www.theinfostride.com/cbn-cuts-interest-rates-as-ops-pushes-for-improved-credit-access/feed/ 0 Banks Grapple With Pressure as CBN Tightens Liquidity Rules https://www.theinfostride.com/banks-grapple-with-pressure-as-cbn-tightens-liquidity-rules/ https://www.theinfostride.com/banks-grapple-with-pressure-as-cbn-tightens-liquidity-rules/#respond Wed, 25 Feb 2026 16:10:24 +0000 https://www.theinfostride.com/?p=467764 Nigerian banks are bracing for fresh challenges as the Central Bank of Nigeria (CBN) rolled out new liquidity requirements that are already reshaping the financial landscape. The apex bank, in its latest policy move, raised the Cash Reserve Ratio on certain public sector deposits to an unprecedented 75 percent while lowering the reserve ratio on [...]

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]]> https://www.theinfostride.com/banks-grapple-with-pressure-as-cbn-tightens-liquidity-rules/feed/ 0 CBN Projects External Reserves to Reach $51bn by 2026 https://www.theinfostride.com/cbn-projects-external-reserves-to-reach-51bn-by-2026/ https://www.theinfostride.com/cbn-projects-external-reserves-to-reach-51bn-by-2026/#respond Wed, 25 Feb 2026 14:48:57 +0000 https://www.theinfostride.com/?p=474591 The Central Bank of Nigeria has projected that the country’s foreign exchange reserves could rise to about $51 billion by 2026, driven by ongoing economic reforms, improved foreign exchange inflows and stronger macroeconomic management. The projection reflects growing optimism within the apex bank that recent policy adjustments will strengthen Nigeria’s external position over the medium [...]

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]]> https://www.theinfostride.com/cbn-projects-external-reserves-to-reach-51bn-by-2026/feed/ 0 Central Bank Mandates Geo-Tagging of PoS Terminals to Tackle Rising Fraud Cases https://www.theinfostride.com/central-bank-mandates-geo-tagging-of-pos-terminals-to-tackle-rising-fraud-cases/ https://www.theinfostride.com/central-bank-mandates-geo-tagging-of-pos-terminals-to-tackle-rising-fraud-cases/#respond Wed, 25 Feb 2026 14:26:48 +0000 https://www.theinfostride.com/?p=466171 The Central Bank of Nigeria (CBN) has directed that all Point of Sale (PoS) terminals across the country be geo-tagged as part of renewed efforts to combat the increasing wave of electronic fraud. The policy, which is set to take effect in collaboration with banks, fintech operators, and payment service providers, aims to improve the [...]

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]]> https://www.theinfostride.com/central-bank-mandates-geo-tagging-of-pos-terminals-to-tackle-rising-fraud-cases/feed/ 0 Nigeria’s Foreign Reserves Rise by $900m in Three Days https://www.theinfostride.com/nigerias-foreign-reserves-rise-by-900m-in-three-days/ https://www.theinfostride.com/nigerias-foreign-reserves-rise-by-900m-in-three-days/#respond Wed, 25 Feb 2026 10:42:53 +0000 https://www.theinfostride.com/?p=466036 Nigeria’s foreign exchange reserves have recorded a significant boost, gaining about $900 million within a three-day period, marking one of the fastest short-term increases seen in recent times. The surge, according to financial analysts and market watchers, reflects a combination of improved inflows from crude oil sales, increased investor confidence, and recent monetary and fiscal [...]

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]]> https://www.theinfostride.com/nigerias-foreign-reserves-rise-by-900m-in-three-days/feed/ 0 Olayemi Cardoso Wins African Banker Award for Outstanding Central Bank Leadership https://www.theinfostride.com/olayemi-cardoso-wins-african-banker-award-for-outstanding-central-bank-leadership/ https://www.theinfostride.com/olayemi-cardoso-wins-african-banker-award-for-outstanding-central-bank-leadership/#respond Wed, 25 Feb 2026 04:20:58 +0000 https://www.theinfostride.com/?p=439789   Governor of the Central Bank of Nigeria, Olayemi Michael Cardoso, has been named Central Bank Governor of the Year at the 2025 African Banker Awards, held in Abidjan, Côte d’Ivoire. The award recognizes Cardoso’s outstanding leadership and reform-driven approach in steering Nigeria’s monetary policy and financial sector stability during a critical period. Cardoso, who [...]

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]]> https://www.theinfostride.com/olayemi-cardoso-wins-african-banker-award-for-outstanding-central-bank-leadership/feed/ 0 CBN Urged to Introduce N10,000, N20,000 Banknotes to Tackle Inflation and Cash Shortages https://www.theinfostride.com/cbn-urged-to-introduce-n10000-n20000-banknotes-to-tackle-inflation-and-cash-shortages/ https://www.theinfostride.com/cbn-urged-to-introduce-n10000-n20000-banknotes-to-tackle-inflation-and-cash-shortages/#respond Sun, 01 Feb 2026 21:00:26 +0000 https://www.theinfostride.com/?p=470449 Calls have intensified for the Central Bank of Nigeria (CBN) to introduce higher denominations — specifically N10,000 and N20,000 single notes — as part of efforts to address the rising cost of living, inflationary pressures, and transactional inefficiencies in the country’s cash-based economy. Economists, financial analysts, and business operators have argued that the value of [...]

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]]> https://www.theinfostride.com/cbn-urged-to-introduce-n10000-n20000-banknotes-to-tackle-inflation-and-cash-shortages/feed/ 0 CBN Warns Nigerians Against Naira Abuse https://www.theinfostride.com/cbn-warns-nigerians-against-naira-abuse/ https://www.theinfostride.com/cbn-warns-nigerians-against-naira-abuse/#respond Wed, 28 Jan 2026 19:00:20 +0000 https://www.theinfostride.com/?p=466908 The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has issued a stern warning to Nigerians over the abuse of the naira, cautioning that practices such as spraying notes at parties, hawking mint notes at events, and mutilating the national currency will no longer be tolerated. The apex bank, he said, will strengthen [...]

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]]> https://www.theinfostride.com/cbn-warns-nigerians-against-naira-abuse/feed/ 0 Falling Inflation Raises Hopes for Monetary Policy Easing in Nigeria https://www.theinfostride.com/falling-inflation-raises-hopes-for-monetary-policy-easing-in-nigeria/ https://www.theinfostride.com/falling-inflation-raises-hopes-for-monetary-policy-easing-in-nigeria/#respond Wed, 28 Jan 2026 17:02:42 +0000 https://www.theinfostride.com/?p=467052 Nigeria’s economy may be on the brink of a monetary policy shift as the country records another decline in inflation, sparking optimism among businesses, investors, and households that the Central Bank of Nigeria (CBN) could ease its tight monetary stance in the coming months. The latest figures from the National Bureau of Statistics (NBS) show [...]

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]]> https://www.theinfostride.com/falling-inflation-raises-hopes-for-monetary-policy-easing-in-nigeria/feed/ 0 Nigeria’s FX Reserves Climb to $42bn, Highest in Six Years https://www.theinfostride.com/nigerias-fx-reserves-climb-to-42bn-highest-in-six-years/ https://www.theinfostride.com/nigerias-fx-reserves-climb-to-42bn-highest-in-six-years/#respond Wed, 28 Jan 2026 17:02:24 +0000 https://www.theinfostride.com/?p=467085 Nigeria’s foreign exchange reserves have surged to $42 billion, marking their highest level in six years, a development that analysts and policymakers describe as a turning point in the country’s economic trajectory. The rise, which reflects a combination of improved crude oil earnings, increased foreign exchange inflows, and strategic reforms by the Central Bank of [...]

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]]> https://www.theinfostride.com/nigerias-fx-reserves-climb-to-42bn-highest-in-six-years/feed/ 0 CPPE Calls on CBN to Lower Interest Rates to Support SMEs https://www.theinfostride.com/cppe-calls-on-cbn-to-lower-interest-rates-to-support-smes/ https://www.theinfostride.com/cppe-calls-on-cbn-to-lower-interest-rates-to-support-smes/#respond Wed, 28 Jan 2026 17:00:55 +0000 https://www.theinfostride.com/?p=466991 The Centre for the Promotion of Private Enterprise (CPPE) has urged the Central Bank of Nigeria (CBN) to ease its current monetary stance by lowering policy rates in order to boost access to credit for small and medium-sized enterprises (SMEs). The call comes amid concerns that Nigeria’s tight monetary policies, though aimed at stabilizing the [...]

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]]> https://www.theinfostride.com/cppe-calls-on-cbn-to-lower-interest-rates-to-support-smes/feed/ 0 CBN Reforms Show Gains as Inflation Pressures Begin to Ease https://www.theinfostride.com/cbn-reforms-show-gains-as-inflation-pressures-begin-to-ease/ https://www.theinfostride.com/cbn-reforms-show-gains-as-inflation-pressures-begin-to-ease/#respond Wed, 28 Jan 2026 17:00:25 +0000 https://www.theinfostride.com/?p=466985 Nigeria’s economy is beginning to feel the early impact of the Central Bank of Nigeria’s (CBN) sweeping reforms, as recent indicators suggest progress in the fight against inflation and the restoration of confidence in the financial system. The CBN, under the leadership of Governor Olayemi Cardoso, has introduced a series of policy measures aimed at [...]

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]]> https://www.theinfostride.com/cbn-reforms-show-gains-as-inflation-pressures-begin-to-ease/feed/ 0 CBN Reduces Interest Rate to 27% to Stimulate Growth and Ease Borrowing Costs https://www.theinfostride.com/cbn-reduces-interest-rate-to-27-to-stimulate-growth-and-ease-borrowing-costs/ https://www.theinfostride.com/cbn-reduces-interest-rate-to-27-to-stimulate-growth-and-ease-borrowing-costs/#respond Wed, 28 Jan 2026 15:00:59 +0000 https://www.theinfostride.com/?p=467119 The Central Bank of Nigeria (CBN) has announced a reduction in its benchmark interest rate, lowering the Monetary Policy Rate (MPR) to 27 percent. The move marks the first downward adjustment in months and signals the apex bank’s bid to ease credit conditions, stimulate investment, and consolidate gains from falling inflation. The decision was reached [...]

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]]> https://www.theinfostride.com/cbn-reduces-interest-rate-to-27-to-stimulate-growth-and-ease-borrowing-costs/feed/ 0 Monetary Policy Rate Hike Spurs Renewed Focus on Currency and Inflation Stability https://www.theinfostride.com/monetary-policy-rate-hike-spurs-renewed-focus-on-currency-and-inflation-stability/ https://www.theinfostride.com/monetary-policy-rate-hike-spurs-renewed-focus-on-currency-and-inflation-stability/#respond Wed, 28 Jan 2026 12:06:13 +0000 https://www.theinfostride.com/?p=463356 Nigeria’s recent decision by the Central Bank’s Monetary Policy Committee (MPC) to raise the benchmark interest rate has thrust currency and price stability back into the spotlight, eliciting critical reactions from economists, finance professionals, and business leaders alike. With inflation trending upwards and the naira facing renewed pressure in foreign exchange markets, analysts believe that [...]

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]]> https://www.theinfostride.com/monetary-policy-rate-hike-spurs-renewed-focus-on-currency-and-inflation-stability/feed/ 0 CBN Unveils Plans to Revamp eNaira for Greater Adoption https://www.theinfostride.com/cbn-unveils-plans-to-revamp-enaira-for-greater-adoption/ https://www.theinfostride.com/cbn-unveils-plans-to-revamp-enaira-for-greater-adoption/#respond Thu, 22 Jan 2026 14:15:55 +0000 https://www.theinfostride.com/?p=464903 The Central Bank of Nigeria (CBN) has unveiled an ambitious plan to revitalise its central bank digital currency (CBDC), the eNaira, with the goal of driving mass adoption, strengthening the country’s digital payment ecosystem, and accelerating the shift toward a cash-lite economy. The initiative, according to the apex bank, will involve a complete overhaul of [...]

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]]> https://www.theinfostride.com/cbn-unveils-plans-to-revamp-enaira-for-greater-adoption/feed/ 0 Financial Inclusion: CBN Fair Showcases Alternative Payment Channels and Expands Awareness https://www.theinfostride.com/financial-inclusion-cbn-fair-showcases-alternative-payment-channels-and-expands-awareness/ https://www.theinfostride.com/financial-inclusion-cbn-fair-showcases-alternative-payment-channels-and-expands-awareness/#respond Thu, 22 Jan 2026 13:31:39 +0000 https://www.theinfostride.com/?p=464884 The Central Bank of Nigeria (CBN) has intensified its drive to deepen financial inclusion in the country by organising a financial literacy fair aimed at promoting alternative payment channels and other innovative banking solutions. The event, which attracted stakeholders from the banking sector, fintech companies, small business owners, and members of the public, was designed [...]

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]]> https://www.theinfostride.com/financial-inclusion-cbn-fair-showcases-alternative-payment-channels-and-expands-awareness/feed/ 0 CBN Bolsters Consumer Protection with Enhanced Banking Bill of Rights Initiative https://www.theinfostride.com/cbn-bolsters-consumer-protection-with-enhanced-banking-bill-of-rights-initiative/ https://www.theinfostride.com/cbn-bolsters-consumer-protection-with-enhanced-banking-bill-of-rights-initiative/#respond Thu, 22 Jan 2026 11:00:46 +0000 https://www.theinfostride.com/?p=465903 The Central Bank of Nigeria (CBN) has intensified its efforts to protect bank customers and ensure fair treatment in the financial sector through a renewed focus on the Customers’ Bill of Rights. The apex bank is taking decisive steps to address issues of transparency, accountability, and consumer redress as part of its wider mandate to [...]

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]]> https://www.theinfostride.com/cbn-bolsters-consumer-protection-with-enhanced-banking-bill-of-rights-initiative/feed/ 0 CBN Sets October 31 Deadline for Banks’ Payment System Upgrade https://www.theinfostride.com/cbn-sets-october-31-deadline-for-banks-payment-system-upgrade/ https://www.theinfostride.com/cbn-sets-october-31-deadline-for-banks-payment-system-upgrade/#respond Thu, 22 Jan 2026 08:13:37 +0000 https://www.theinfostride.com/?p=465995 The Central Bank of Nigeria (CBN) has issued a directive to all financial institutions in the country, mandating them to complete the upgrade of their payment systems by October 31, 2025. The apex bank emphasized that this move is crucial to enhance the resilience, security, and efficiency of the nation’s financial infrastructure as part of [...]

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]]> https://www.theinfostride.com/cbn-sets-october-31-deadline-for-banks-payment-system-upgrade/feed/ 0 CBN Retains 27.50% Interest Rate as Inflation Pressures Persist https://www.theinfostride.com/cbn-retains-27-50-interest-rate-as-inflation-pressures-persist/ https://www.theinfostride.com/cbn-retains-27-50-interest-rate-as-inflation-pressures-persist/#respond Mon, 12 Jan 2026 20:05:20 +0000 https://www.theinfostride.com/?p=414001 The Central Bank of Nigeria (CBN) has once again held the benchmark interest rate steady at 27.50%, signaling its continued effort to tackle the country’s high inflation and stabilize the naira. This decision was announced at the conclusion of the Monetary Policy Committee (MPC) meeting held on Monday. The CBN had previously raised the Monetary [...]

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]]> https://www.theinfostride.com/cbn-retains-27-50-interest-rate-as-inflation-pressures-persist/feed/ 0 CBN Interest Earnings from FG’s Overdrafts Drop Sharply to N3.1bn https://www.theinfostride.com/cbn-interest-earnings-from-fgs-overdrafts-drop-sharply-to-n3-1bn/ https://www.theinfostride.com/cbn-interest-earnings-from-fgs-overdrafts-drop-sharply-to-n3-1bn/#respond Mon, 12 Jan 2026 19:25:26 +0000 https://www.theinfostride.com/?p=410218 The Central Bank of Nigeria has reported a significant drop in interest earnings from the Federal Government’s Ways and Means advances, collecting just N3.1 billion in 2024 compared to over N1.6 trillion the previous year. This marks a dramatic decline in revenue generated from lending to the federal government, reflecting recent changes in fiscal and [...]

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]]> https://www.theinfostride.com/cbn-interest-earnings-from-fgs-overdrafts-drop-sharply-to-n3-1bn/feed/ 0 Edun, Cardoso Vow Closer Synergy to Boost Fiscal-Monetary Policy Coordination https://www.theinfostride.com/edun-cardoso-vow-closer-synergy-to-boost-fiscal-monetary-policy-coordination/ https://www.theinfostride.com/edun-cardoso-vow-closer-synergy-to-boost-fiscal-monetary-policy-coordination/#respond Thu, 25 Dec 2025 10:23:24 +0000 https://www.theinfostride.com/?p=465494 Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, and the Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, have reaffirmed their commitment to deepen collaboration between fiscal and monetary authorities in order to stabilise the economy, strengthen investor confidence, and accelerate growth. The pledge was made following [...]

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]]> https://www.theinfostride.com/edun-cardoso-vow-closer-synergy-to-boost-fiscal-monetary-policy-coordination/feed/ 0 Nigeria’s External Reserves Sufficient to Cover 10 Months of Imports – CBN Data https://www.theinfostride.com/nigerias-external-reserves-sufficient-to-cover-10-months-of-imports-cbn-data/ https://www.theinfostride.com/nigerias-external-reserves-sufficient-to-cover-10-months-of-imports-cbn-data/#respond Thu, 25 Dec 2025 07:18:43 +0000 https://www.theinfostride.com/?p=465739 Nigeria’s foreign reserves have reached a level that could finance up to 10 months of the nation’s import bill, according to the latest data from the Central Bank of Nigeria (CBN). The reserves, which currently stand above $37 billion, have been boosted by improved crude oil receipts, tighter monetary policies, and increased foreign portfolio inflows [...]

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]]> https://www.theinfostride.com/nigerias-external-reserves-sufficient-to-cover-10-months-of-imports-cbn-data/feed/ 0 CBN Cautions Nigerians on Currency Misuse, Cites Rising Printing Costs https://www.theinfostride.com/cbn-cautions-nigerians-on-currency-misuse-cites-rising-printing-costs/ https://www.theinfostride.com/cbn-cautions-nigerians-on-currency-misuse-cites-rising-printing-costs/#respond Wed, 24 Dec 2025 15:49:15 +0000 https://www.theinfostride.com/?p=467206 The Central Bank of Nigeria (CBN) has raised fresh concerns over the growing abuse of the naira, warning that the trend is inflating the cost of currency printing and undermining the integrity of the nation’s legal tender. The apex bank emphasized that careless handling, mutilation, spraying at parties, and hawking of banknotes are driving up [...]

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]]> https://www.theinfostride.com/cbn-cautions-nigerians-on-currency-misuse-cites-rising-printing-costs/feed/ 0 TAJBank Achieves CBN’s New Recapitalisation Target Ahead of Deadline – CEO https://www.theinfostride.com/tajbank-achieves-cbns-new-recapitalisation-target-ahead-of-deadline-ceo/ https://www.theinfostride.com/tajbank-achieves-cbns-new-recapitalisation-target-ahead-of-deadline-ceo/#respond Wed, 24 Dec 2025 15:11:15 +0000 https://www.theinfostride.com/?p=467348 TAJBank Limited, one of Nigeria’s leading non-interest financial institutions, has confirmed that it has successfully met the new capital requirement set by the Central Bank of Nigeria (CBN), well before the regulatory deadline. The announcement was made by the Managing Director and Chief Executive Officer of the bank, Hamid Joda, who emphasized that the milestone [...]

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]]> https://www.theinfostride.com/tajbank-achieves-cbns-new-recapitalisation-target-ahead-of-deadline-ceo/feed/ 0 CBN Courts Global Investors Through Wide-Ranging Economic and Financial Reforms https://www.theinfostride.com/cbn-courts-global-investors-through-wide-ranging-economic-and-financial-reforms/ https://www.theinfostride.com/cbn-courts-global-investors-through-wide-ranging-economic-and-financial-reforms/#respond Wed, 24 Dec 2025 14:45:02 +0000 https://www.theinfostride.com/?p=474100 The Central Bank of Nigeria has intensified efforts to attract global investors by rolling out a series of far-reaching reforms aimed at restoring confidence in the country’s financial system and improving the overall investment climate. The reforms, which span the foreign exchange market, monetary policy operations and banking sector regulation, signal the apex bank’s determination [...]

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]]> https://www.theinfostride.com/cbn-courts-global-investors-through-wide-ranging-economic-and-financial-reforms/feed/ 0 CBN Rakes in N192m from 82 Bureau de Change Licensees https://www.theinfostride.com/cbn-rakes-in-n192m-from-82-bureau-de-change-licensees/ https://www.theinfostride.com/cbn-rakes-in-n192m-from-82-bureau-de-change-licensees/#respond Sun, 21 Dec 2025 15:20:52 +0000 https://www.theinfostride.com/?p=473918 The Central Bank of Nigeria has generated N192 million from penalties imposed on 82 Bureau de Change operators over regulatory infractions, reinforcing the apex bank’s resolve to sanitise the foreign exchange market and enforce compliance within the sub-sector. The development reflects intensified supervisory actions by the CBN amid ongoing reforms aimed at restoring transparency, stability [...]

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]]> https://www.theinfostride.com/cbn-rakes-in-n192m-from-82-bureau-de-change-licensees/feed/ 0 CBN Directs Banks to Ensure Secure Foreign Card Transactions Nationwide https://www.theinfostride.com/cbn-directs-banks-to-ensure-secure-foreign-card-transactions-nationwide/ https://www.theinfostride.com/cbn-directs-banks-to-ensure-secure-foreign-card-transactions-nationwide/#respond Sun, 21 Dec 2025 15:12:20 +0000 https://www.theinfostride.com/?p=473910 The Central Bank of Nigeria has directed all banks and financial institutions to implement enhanced security measures for foreign card transactions across the country, reinforcing efforts to protect customers from fraud and strengthen confidence in electronic payments. The move comes amid rising concerns over unauthorised transactions and cybercrime targeting Nigerians using international payment cards. According [...]

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]]> https://www.theinfostride.com/cbn-directs-banks-to-ensure-secure-foreign-card-transactions-nationwide/feed/ 0 Banks Strengthen Capital Base as CBN Tightens Regulatory Controls https://www.theinfostride.com/banks-strengthen-capital-base-as-cbn-tightens-regulatory-controls/ https://www.theinfostride.com/banks-strengthen-capital-base-as-cbn-tightens-regulatory-controls/#respond Fri, 19 Dec 2025 14:30:59 +0000 https://www.theinfostride.com/?p=473766 Commercial banks in Nigeria are undertaking significant measures to bolster their capital base in response to the Central Bank of Nigeria’s (CBN) tighter regulatory oversight and renewed focus on financial stability. The development comes amid growing concerns over liquidity management, risk exposure, and the need to safeguard the integrity of the country’s banking sector. The [...]

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]]> https://www.theinfostride.com/banks-strengthen-capital-base-as-cbn-tightens-regulatory-controls/feed/ 0 CBN Directs PoS Operators to Integrate Platforms with National Payment Switches https://www.theinfostride.com/cbn-directs-pos-operators-to-integrate-platforms-with-national-payment-switches/ https://www.theinfostride.com/cbn-directs-pos-operators-to-integrate-platforms-with-national-payment-switches/#respond Sun, 14 Dec 2025 14:08:54 +0000 https://www.theinfostride.com/?p=473484 The Central Bank of Nigeria has directed all Point-of-Sale terminal providers to connect their operating systems to the Nigeria Inter-Bank Settlement System and the Unified Payment Services Limited as part of efforts to strengthen transaction transparency, improve payment system efficiency, and curb fraud within the digital payments ecosystem. The directive, reported by Punch and other [...]

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]]> https://www.theinfostride.com/cbn-directs-pos-operators-to-integrate-platforms-with-national-payment-switches/feed/ 0 House of Representatives Initiates Steps to Place New Oversight Controls on CBN Operations https://www.theinfostride.com/house-of-representatives-initiates-steps-to-place-new-oversight-controls-on-cbn-operations/ https://www.theinfostride.com/house-of-representatives-initiates-steps-to-place-new-oversight-controls-on-cbn-operations/#respond Fri, 12 Dec 2025 13:17:52 +0000 https://www.theinfostride.com/?p=473339 The House of Representatives has begun moves to introduce new regulatory measures that will strengthen legislative oversight of the Central Bank of Nigeria (CBN), following growing concerns about the bank’s operational transparency, compliance with statutory provisions, and adherence to monetary policy guidelines. Lawmakers said the initiative is aimed at ensuring greater accountability within the apex [...]

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]]> https://www.theinfostride.com/house-of-representatives-initiates-steps-to-place-new-oversight-controls-on-cbn-operations/feed/ 0 Eighty-Two BDC Operators Scale Through CBN’s New Compliance Requirements https://www.theinfostride.com/eighty-two-bdc-operators-scale-through-cbns-new-compliance-requirements/ https://www.theinfostride.com/eighty-two-bdc-operators-scale-through-cbns-new-compliance-requirements/#respond Tue, 09 Dec 2025 13:30:58 +0000 https://www.theinfostride.com/?p=473170 At least 82 Bureau De Change operators have successfully met the Central Bank of Nigeria’s newly introduced regulatory guidelines, marking one of the most significant compliance milestones since the apex bank announced sweeping reforms across the foreign exchange market. The development reflects the first batch of operators cleared under the revised framework, which aims to [...]

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]]> https://www.theinfostride.com/eighty-two-bdc-operators-scale-through-cbns-new-compliance-requirements/feed/ 0 CBN Hikes Treasury Bill Rates Above Inflation to Attract Investment and Stabilize Market https://www.theinfostride.com/cbn-hikes-treasury-bill-rates-above-inflation-to-attract-investment-and-stabilize-market/ https://www.theinfostride.com/cbn-hikes-treasury-bill-rates-above-inflation-to-attract-investment-and-stabilize-market/#respond Fri, 05 Dec 2025 13:13:18 +0000 https://www.theinfostride.com/?p=472910 The Central Bank of Nigeria (CBN) has increased interest rates on Treasury Bills (T-Bills) to levels above the current inflation rate, signaling a strategic shift aimed at attracting more investors to government securities, strengthening the naira, and improving overall liquidity management in the economy. This decision reflects the apex bank’s continuing efforts to balance monetary [...]

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]]> https://www.theinfostride.com/cbn-hikes-treasury-bill-rates-above-inflation-to-attract-investment-and-stabilize-market/feed/ 0 CBN directs banks to refund APP fraud victims within 48 hours https://www.theinfostride.com/cbn-directs-banks-to-refund-app-fraud-victims-within-48-hours/ https://www.theinfostride.com/cbn-directs-banks-to-refund-app-fraud-victims-within-48-hours/#respond Wed, 03 Dec 2025 15:29:54 +0000 https://www.theinfostride.com/?p=472789 The Central Bank of Nigeria (CBN) has mandated all deposit money banks to ensure that customers who fall victim to Authorized Push Payment (APP) fraud receive full refunds within 48 hours of reporting the incident. The directive underscores the apex bank’s determination to protect consumers and curb the rising incidence of APP scams, which have [...]

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]]> https://www.theinfostride.com/cbn-directs-banks-to-refund-app-fraud-victims-within-48-hours/feed/ 0 CBN says economy showing signs of improvement but significant work remains https://www.theinfostride.com/cbn-says-economy-showing-signs-of-improvement-but-significant-work-remains/ https://www.theinfostride.com/cbn-says-economy-showing-signs-of-improvement-but-significant-work-remains/#respond Sun, 23 Nov 2025 16:29:25 +0000 https://www.theinfostride.com/?p=472191 The Central Bank of Nigeria (CBN) has stated that the Nigerian economy is beginning to show clearer signs of improvement, but it warned that significant work still lies ahead before the country can achieve full stability and sustainable growth. The apex bank noted that although key indicators are shifting in a more positive direction, the [...]

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]]> https://www.theinfostride.com/cbn-says-economy-showing-signs-of-improvement-but-significant-work-remains/feed/ 0 CBN Says Ongoing Monetary Reforms Are Driving Inflation Moderation and Stabilising Foreign Exchange Market https://www.theinfostride.com/cbn-says-ongoing-monetary-reforms-are-driving-inflation-moderation-and-stabilising-foreign-exchange-market/ https://www.theinfostride.com/cbn-says-ongoing-monetary-reforms-are-driving-inflation-moderation-and-stabilising-foreign-exchange-market/#respond Sun, 23 Nov 2025 16:23:19 +0000 https://www.theinfostride.com/?p=472187 The Central Bank of Nigeria (CBN) has stated that its recent monetary reforms are beginning to yield positive outcomes, citing early signs of easing inflationary pressures and improving stability in the foreign exchange market. According to the apex bank, the policy measures introduced over the past months—including tightened monetary conditions, improved liquidity management, enhanced market [...]

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]]> https://www.theinfostride.com/cbn-says-ongoing-monetary-reforms-are-driving-inflation-moderation-and-stabilising-foreign-exchange-market/feed/ 0 CBN Declares Zuldal Microfinance Bank Unlicensed https://www.theinfostride.com/cbn-declares-zuldal-microfinance-bank-unlicensed/ https://www.theinfostride.com/cbn-declares-zuldal-microfinance-bank-unlicensed/#respond Fri, 21 Nov 2025 18:14:57 +0000 https://www.theinfostride.com/?p=472058 The Central Bank of Nigeria (CBN) has officially declared Zuldal Microfinance Bank unlicensed to operate, warning the public to avoid engaging with the institution. In a statement released by the apex bank, it said that Zuldal Microfinance Bank has not met regulatory requirements and therefore lacks the legal authority to carry out banking activities in [...]

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]]> https://www.theinfostride.com/cbn-declares-zuldal-microfinance-bank-unlicensed/feed/ 0 Nigeria Records Strong FX Inflows as Investor Confidence Rebounds https://www.theinfostride.com/nigeria-records-strong-fx-inflows-as-investor-confidence-rebounds/ https://www.theinfostride.com/nigeria-records-strong-fx-inflows-as-investor-confidence-rebounds/#respond Wed, 19 Nov 2025 17:18:29 +0000 https://www.theinfostride.com/?p=471895 Nigeria is witnessing a surge in foreign exchange inflows as renewed investor confidence strengthens the country’s financial markets. The inflows, driven by improved monetary policies, enhanced transparency in the FX market, and stronger engagement with global financial institutions, signal a positive shift in sentiment after months of volatility and uncertainty. According to market analysts, the [...]

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]]> https://www.theinfostride.com/nigeria-records-strong-fx-inflows-as-investor-confidence-rebounds/feed/ 0 Nigeria’s FX Reserves Surge to Seven-Year High of $46.7bn https://www.theinfostride.com/nigerias-fx-reserves-surge-to-seven-year-high-of-46-7bn/ https://www.theinfostride.com/nigerias-fx-reserves-surge-to-seven-year-high-of-46-7bn/#respond Wed, 19 Nov 2025 17:04:40 +0000 https://www.theinfostride.com/?p=471891 Nigeria’s foreign exchange reserves have climbed to $46.7bn, the highest level recorded in seven years, signalling renewed confidence in the country’s external position and the success of recent economic and monetary reforms. The sharp rise in reserves has been attributed to improved foreign inflows, stronger oil receipts, enhanced remittances from the diaspora, and policy measures [...]

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]]> https://www.theinfostride.com/nigerias-fx-reserves-surge-to-seven-year-high-of-46-7bn/feed/ 0 Power Supply, Insecurity Undermine Business Stability and Profits — CBN Survey https://www.theinfostride.com/power-supply-insecurity-undermine-business-stability-and-profits-cbn-survey/ https://www.theinfostride.com/power-supply-insecurity-undermine-business-stability-and-profits-cbn-survey/#respond Thu, 13 Nov 2025 17:03:04 +0000 https://www.theinfostride.com/?p=471492 Nigeria’s business environment is being severely hampered by chronic power shortages and escalating insecurity, according to the latest Business Expectations Survey (BES) released by the Central Bank of Nigeria (CBN). These deficiencies are eroding business stability, constraining profitability, and threatening growth across key sectors. The survey, conducted in early October 2025 among approximately 1,900 enterprises [...]

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]]> https://www.theinfostride.com/power-supply-insecurity-undermine-business-stability-and-profits-cbn-survey/feed/ 0 Banks’ Recapitalisation Crucial to Nigeria’s $1tn Economic Goal — CBN https://www.theinfostride.com/banks-recapitalisation-crucial-to-nigerias-1tn-economic-goal-cbn/ https://www.theinfostride.com/banks-recapitalisation-crucial-to-nigerias-1tn-economic-goal-cbn/#respond Mon, 10 Nov 2025 15:01:19 +0000 https://www.theinfostride.com/?p=471213 The Central Bank of Nigeria (CBN) has reaffirmed that the ongoing banking sector recapitalisation is vital to achieving President Bola Tinubu’s ambitious goal of transforming Nigeria into a $1 trillion economy by 2030. The apex bank noted that strengthening the capital base of financial institutions is essential to enhancing credit growth, boosting resilience against shocks, [...]

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]]> https://www.theinfostride.com/banks-recapitalisation-crucial-to-nigerias-1tn-economic-goal-cbn/feed/ 0 CBN Reforms Spur Forex Inflows Despite Global Oil Price Decline https://www.theinfostride.com/cbn-reforms-spur-forex-inflows-despite-global-oil-price-decline/ https://www.theinfostride.com/cbn-reforms-spur-forex-inflows-despite-global-oil-price-decline/#respond Mon, 03 Nov 2025 14:51:51 +0000 https://www.theinfostride.com/?p=470706 Nigeria’s foreign exchange market has witnessed a steady improvement in liquidity and inflows, driven largely by the Central Bank of Nigeria’s (CBN) sustained reform measures, despite a downturn in global oil prices. The local currency, the naira, has shown signs of resilience in recent weeks as confidence strengthens among investors and exporters. Market reports indicated [...]

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]]> https://www.theinfostride.com/cbn-reforms-spur-forex-inflows-despite-global-oil-price-decline/feed/ 0 CBN Injects $1.25bn Into Fuel Import and Critical Sectors to Stabilize the Economy https://www.theinfostride.com/cbn-injects-1-25bn-into-fuel-import-and-critical-sectors-to-stabilize-the-economy/ https://www.theinfostride.com/cbn-injects-1-25bn-into-fuel-import-and-critical-sectors-to-stabilize-the-economy/#respond Wed, 29 Oct 2025 13:54:32 +0000 https://www.theinfostride.com/?p=470311 The Central Bank of Nigeria (CBN) has injected $1.25 billion into the economy to support fuel imports and other critical sectors, a move aimed at stabilizing the foreign exchange market and ensuring adequate supply of essential commodities. The intervention, which comes amid growing pressure on the naira and persistent energy supply challenges, underscores the apex [...]

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]]> https://www.theinfostride.com/cbn-injects-1-25bn-into-fuel-import-and-critical-sectors-to-stabilize-the-economy/feed/ 0 CBN Applauds Nigeria’s Exit from FATF Grey List, Says Milestone Will Strengthen Global Confidence https://www.theinfostride.com/cbn-applauds-nigerias-exit-from-fatf-grey-list-says-milestone-will-strengthen-global-confidence/ https://www.theinfostride.com/cbn-applauds-nigerias-exit-from-fatf-grey-list-says-milestone-will-strengthen-global-confidence/#respond Sun, 26 Oct 2025 17:12:38 +0000 https://www.theinfostride.com/?p=470068 The Central Bank of Nigeria (CBN) has commended the nation’s successful removal from the Financial Action Task Force (FATF) grey list, describing the milestone as a major step toward restoring international confidence in Nigeria’s financial system and investment climate. The apex bank said the development is a reflection of Nigeria’s strengthened regulatory framework, improved compliance [...]

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]]> https://www.theinfostride.com/cbn-applauds-nigerias-exit-from-fatf-grey-list-says-milestone-will-strengthen-global-confidence/feed/ 0 CBN Reports Naira Strengthening as FX Speculation Declines, Reserves Climb to $43bn https://www.theinfostride.com/cbn-reports-naira-strengthening-as-fx-speculation-declines-reserves-climb-to-43bn/ https://www.theinfostride.com/cbn-reports-naira-strengthening-as-fx-speculation-declines-reserves-climb-to-43bn/#respond Tue, 21 Oct 2025 14:10:30 +0000 https://www.theinfostride.com/?p=469643 The Central Bank of Nigeria (CBN) has announced a notable rebound in the value of the naira, attributing the currency’s rally to declining foreign exchange (FX) speculation and improved market stability. The bank confirmed that Nigeria’s external reserves have now surged to $43 billion, their highest level in more than two years, driven by strong [...]

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