Tag: CBN
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Cash in Circulation Climbs to ₦5.73tn as CBN Prints 3.43bn Naira Notes
By Opeyemi Adelakun Nigeria’s currency in circulation increased to ₦5.73 trillion in 2025, up from ₦5.44 trillion recorded in the previous year, following the production of 3.43 billion naira notes by the Central Bank of Nigeria (CBN) to meet growing demand for cash. The figures are contained in the apex bank’s 2025 Annual Report, which…
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Nigeria’s Debt Securities Rise to N175.46tn in 12 Months – CBN
By Opeyemi Adelakun Nigeria’s debt securities grew by 14.47 per cent to N175.46 trillion in 2025, driven largely by increased Federal Government borrowing to finance budget deficits, according to the Central Bank of Nigeria (CBN). The apex bank, in its 2025 Annual Report, said the country’s debt securities expanded by N22.13 trillion, rising from N153.28…
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JUST IN: CBN Holds Benchmark Interest Rate at 26.5%
The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR), the country’s benchmark interest rate, at 26.5 per cent, maintaining its current monetary policy stance. The decision was announced on Tuesday at the conclusion of the 306th meeting of the Monetary Policy Committee (MPC), held in Abuja over two days. All 11…
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CBN Revokes Licences of 46 Microfinance Banks
By Opeyemi Adelakun The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks with immediate effect over their failure to comply with regulatory requirements.The apex bank announced the decision in a statement issued on Wednesday by its Acting Director of Corporate Communications, Mrs. Hakama Sidi-Ali. According to the CBN, the…
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CBN Directs Banks, Fintechs to Disclose Beneficial Owners, Tighten Payment System Rules
By Opeyemi Adelakun The Central Bank of Nigeria (CBN) has issued a new directive requiring banks, fintech companies, and other licensed payment service providers to disclose their ultimate beneficial owners as part of fresh regulatory reforms targeting the country’s digital financial ecosystem. The directive was contained in a circular dated June 15, 2026, signed by…
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NiMet, CBN Sign Landmark Data-Sharing Agreement to Strengthen Economic Planning
By Paul Joseph The Nigerian Meteorological Agency and the Central Bank of Nigeria have signed a landmark Memorandum of Understanding aimed at strengthening data sharing and improving economic decision-making in Nigeria. The agreement was signed on Wednesday at the headquarters of the Central Bank of Nigeria in Abuja, with officials from both institutions describing the…
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Igbo Youths Want Jobs In NNPC, CBN, Customs, Not Military – Human Rights Lawyer
By Paul Joseph Human rights lawyer Aloy Ejimakor has urged the Federal Government to prioritise employment opportunities for South-East youths in key federal institutions rather than expressing concern over their low enlistment in the Nigerian military. Ejimakor specifically called for increased recruitment of Igbo youths into agencies such as the Central Bank of Nigeria (CBN),…
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EFCC arrests Kannywood star Samha Inuwa over alleged naira abuse
By Ashiru Taofeek Adewale The Kano Zonal Directorate of the Economic and Financial Crimes Commission (EFCC), on Tuesday, February 3, 2026, arrested a Kannywood Star, Samha Inuwa, over alleged Naira mutilation. Naija News reports that Inuwa was arrested following a viral video circulated on social media platforms where she was seen conspicuously cleaning mucus from…
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CBN Approves National Banking Licence Upgrades for OPay, Moniepoint, Kuda
By Ashiru Taofeek Adewale The Central Bank of Nigeria (CBN) has upgraded the operating licences of several financial technology companies and microfinance banks (MFBs) to national status, formally authorising them to operate across all states of the federation. The upgrade was announced at the Committee of Heads of Banks’ Operations (CHBOs) conference held in Lagos,…
