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…

CBN frustrating probe into N30trn ‘ways and means’ advance — Senate panel

  The Senate Ad-hoc Committee investigating the N30 trillion Ways Means advance incurred by the administration of former President Muhammadu Buhari, on Tuesday, accused the Central Bank of Nigeria (CBN)…

CBN retains interest rate at 27.5%

  The Central Bank of Nigeria, CBN, has retained the Monetary Policy Rate, MPR, its benchmark interest rate at 27.5%. Governor CBN, Mr Olayemi Cardoso, disclosed this at the end…

CBN directs banks to publish dormant accounts

  The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to publish the list of dormant accounts, unclaimed balances and other financial assets. The apex bank,…

CBN increases ATM transaction fees

The Central Bank of Nigeria (CBN) has announced a review on the transaction fees for automated teller machines (ATMs) In a circular signed by John Onojah, acting director of financial…