CBN News
Latest articles and news about CBN on AXL Media.
Latest Articles
- Naira Maintains Stability Against Dollar as May 2026 Parallel Market Trading Opens
Published: May 1, 2026
Section: Africa
The Nigerian Naira opened May 1, 2026, holding steady against the US Dollar with the parallel market selling rate at ₦1400. While the Central Bank of Nigeria maintains a lower offi...
- The Quiet Revolution: How Strategic Reforms and Infrastructure Projects are Reshaping Nigeria’s Economic Future
Published: May 1, 2026
Section: Africa
Nigeria is undergoing a fundamental shift toward institutional accountability through massive infrastructure projects and stringent banking reforms. On May 1, 2026, analysts highli...
- House of Representatives Orders 11 DisCos to Refund N55.4 Billion Metering Loan by November
Published: May 1, 2026
Section: Africa
The House of Representatives has mandated that Nigeria’s 11 Electricity Distribution Companies (DisCos) repay N55.4 billion in loans originally granted for the National Mass Meteri...
- CBN Governor Olayemi Cardoso Challenges Banking Directors to Prioritize Institutional Stability Over Balance Sheet Size
Published: May 1, 2026
Section: Africa
Central Bank of Nigeria Governor Olayemi Cardoso has urged newly inducted directors of the Chartered Institute of Directors Nigeria to focus on long-term stability and ethical stew...
- Naira Halts Two-Week Decline with Marginal Gain at Official Market Following Recent Volatility
Published: Apr 30, 2026
Section: Africa
The Nigerian naira appreciated slightly on Wednesday, ending a nearly two-week downward trend. Trading data from the Central Bank of Nigeria shows the local currency gained N1.24 t...
- Godwin Emefiele Demands Closure of EFCC Prosecution Over Missing Witnesses and Forensic Inconsistency
Published: Apr 28, 2026
Section: Africa
Former Central Bank of Nigeria Governor Godwin Emefiele has requested the Federal Capital Territory High Court to terminate the prosecution's case if further witnesses fail to appe...
- Thirty Three Nigerian Banks Successfully Raise ₦4.65 Trillion in Landmark 2026 Recapitalization Exercise
Published: Apr 27, 2026
Section: Africa
The Central Bank of Nigeria (CBN) has concluded its 2024-2026 banking recapitalization program, with 33 banks meeting the new minimum capital requirements. The exercise, which rais...
- Central Bank Director Rakiya Yusuf Appointed Ambassador For Nigeria’s 2026 All Africa Challenge Trophy Bid
Published: Apr 22, 2026
Section: Africa
Rakiya Yusuf, Director of Payment System Supervision at the CBN, has pledged the apex bank's support for Nigeria’s hosting of the 2026 All Africa Challenge Trophy (AACT). Accepting...
- CBN and NCC Formalise Strategic Partnership to Combat Electronic Fraud and Protect Digital Consumers
Published: Apr 21, 2026
Section: Africa
The Central Bank of Nigeria and the Nigerian Communications Commission have signed a Memorandum of Understanding to enhance the security and resilience of the nation’s digital fina...
- Federal Lawmakers Launch Probe into Insurance Gaps within Nigeria’s ₦1.12 Trillion Anchor Borrowers’ Scheme
Published: Apr 17, 2026
Section: Africa
The House of Representatives Committee on Nutrition and Food Security has opened an investigation into the insurance framework of the ₦1.12 trillion Anchor Borrowers’ Programme fol...
- House of Reps Directs CBN to Halt Payments to ZTE Over $460 Million FCT CCTV Project Discrepancies
Published: Apr 15, 2026
Section: Africa
A House of Representatives ad-hoc committee has ordered the suspension of disbursements to ZTE Corporation amid a probe into a $460 million Chinese-funded surveillance project. Law...
- Polaris Bank Launches Nationwide Youth Literacy Campaign for Global Money Week 2026
Published: Apr 14, 2026
Section: Africa
Polaris Bank has commenced an extensive financial awareness initiative in line with Global Money Week 2026. Under the theme "Smart Money Talks," the bank is deploying educational s...