CBN increases ATM withdrawal limit to N100k daily
The Central Bank of Nigeria (CBN) has increased cash withdrawal limits on all channels to N500,000 weekly for individuals and N5 million for corporates. Announcing the policy revision in…
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- Financial Crime , PROBE
- November 28, 2025
- 40 views
EFCC invites ex-AGF Malami for questioning
Abubakar Malami, former attorney general of the federation (AGF), says he has been invited by the Economic and Financial Crimes Commission (EFCC). Malami said he would honour the invitation…
- Armed Robbery , Insecurity , Kidnapping
- November 28, 2025
- 57 views
Police arrest 10 for kidnapping, robbery, cultism in Imo
The Imo State Police Command has arrested 10 suspects for alleged involvement in kidnapping, armed robbery and cultism across various communities in the state. Police Public Relations Officer, DSP…
CBN orders banks to withdraw misleading adverts, others
The Central Bank of Nigeria has instructed all banks, payment service banks, and other regulated financial institutions to immediately withdraw any advertisement or promotional material that does not comply…
CBN retains interest rate at 27%
The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has retained the country’s monetary policy rate (MPR) at 27 percent. Olayemi Cardoso, CBN’s governor, announced at…
Auditor-General indicts CBN over recycled N29.7bn dirty banknotes
The Office of the Auditor-General of the Federation has accused the Central Bank of Nigeria, under the leadership of the former Governor, Godwin Emefiele, of re-circulating dirty and unfit…
CBN Declares Zuldal MFB Illegal
The Central Bank of Nigeria (CBN) has disowned Zuldal Microfinance Bank Limited, warning that the entity is operating illegally and without any form of regulatory approval. In the detailed…
SERAP Sues CBN Over Alleged Failure To Disclose LG Allocations
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria “over the failure to disclose the details of any direct payments to the…
SERAP urges CBN to disclose amounts disbursed to 774 LGAs from Federation Account
Socio-Economic Rights and Accountability Project (SERAP) has urged the Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, to “immediately disclose whether the bank has commenced the…
CBN Spends $669m To Defend Naira In Q1 2025 — Report
The Central Bank of Nigeria (CBN) deployed approximately $669 million in foreign exchange (FX) interventions during the first quarter of 2025. A report by investment firm, AIICO Capital Limited,…
Oil Declines As CBN Sells $198 Million To Support Naira
Crude oil prices have weakened, declining by over 12% to approximately $65.50 per barrel, following sweeping trade tariffs by President Donald Trump against countries. Oil trade above $70 per…
Nigerians borrowed N470bn in personal loans in Q4 2024 – Report
The Central Bank of Nigeria (CBN) has disclosed that Nigerians took personal loans worth N470 billion from banks in the last quarter of 2024. According to the Fourth Quarter…
Electricity consumption up, production growth down in Q4 – CBN report
The Nigerian electricity sector slowed in the fourth quarter of 2024, with the electricity production index declining by 1.64% year-on-year. Data from the Central Bank of Nigeria says this…
Nigeria spent $5.47bn on foreign debt servicing, says CBN
Nigeria expended a total of $5.47bn on external debt servicing between January 2024 and February 2025, data from the Central Bank of Nigeria have shown. The figures, published on…
CBN Appoints 16 New Directors
The Central Bank of Nigeria (CBN) has appointed 16 new directors to head key departments in its operations. Their appointments into operations in several policy-driven, regulatory and supervisory capacities…
