33 banks raise N4.65tn as recapitalisation ends – CBN
The Central Bank of Nigeria on Wednesday said 33 banks have met new minimum capital requirements under its recapitalisation programme, raising a combined N4.65tn to strengthen the financial system.…
CBN bars loan defaulters from accessing banking services, new credit
The Central Bank of Nigeria has directed banks to deny certain banking services and additional credit facilities to large borrowers with non-performing loans as part of measures to strengthen…
CBN Reduces Interest Rate To 26.50%
The Central Bank of Nigeria has cut the interest rate by 50 basis points to 26.50 percent from 27 percent. Nigeria’s apex bank announced this during its 304th Monetary…
SERAP sues CBN over alleged missing N3trn
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN) “over the failure to account for and explain the whereabouts of the…
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
- 71 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
- 93 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…
