Central Bank of Nigeria
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Business
CBN: External reserves climb to $52.66bn
Nigeria’s foreign exchange reserves have grown by $7.09 billion so far in 2026, climbing to $52.66 billion as of August…
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Business
Naira holds steady at ₦1,364/$
The naira maintained relative stability against the United States dollar on Wednesday, August 12, 2026, as the currency traded around…
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News
Nigeria’s external reserves climb to 17-year peak at $52.5bn as CBN highlights reform gains
Nigeria’s external reserves have risen to $52.5 billion, the highest level recorded in 17 years, surpassing the Central Bank of…
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News
Stronger partnerships, stronger MSMES: How LAPO Microfinance Bank is driving inclusive economic growth
Nigeria’s informal sector remains one of the country’s strongest economic pillars. According to data from the Central Bank of…
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Analysis
Stewardship, not seizure: What the Union Bank case is really about
There is a particular genre of financial commentary that mistakes legal process for a factual verdict. A court delivers a…
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Banking
CBN raises alarm over fake messages, warns Nigerians against cyber fraud schemes
The Central Bank of Nigeria has issued a renewed warning to Nigerians over fraudulent emails, fake messages and misleading online…
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Banking
Fidelity Bank takes lead in banking recapitalisation drive
As the Central Bank of Nigeria’s (CBN) recapitaliSation exercise came to an end March 31, 2026, most banks operating in…
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Banking
CBN Affirms Alpha Morgan Bank’s capitalisation
The Central Bank of Nigeria (CBN) has affirmed the capitalization of Alpha Morgan Bank, marking an important milestone in the Bank’s…
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Banking
Quest Merchant Bank achieves CBN regulatory recapitalisation milestone
Quest Merchant Bank Limited has successfully met the ₦50 billion minimum capital requirement mandated for merchant banks by the Central…
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Banking
Sterling HoldCo allots shares in oversubscribed public offer
Sterling Financial Holdings Company Plc (“Sterling HoldCo” or “the Group”) has announced the commencement of the allotment process for its…
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