Central Bank of Nigeria News
Latest articles and news about Central Bank of Nigeria on AXL Media.
Latest Articles
- 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...
- High Court Summons Police Commissioner and Former Council Secretary in Emefiele Fraud Trial
Published: Apr 28, 2026
Section: Africa
The Federal Capital Territory High Court has ordered Jim Obazee and Eloho Okpoziakpo to testify in the $6.23 million fraud trial of former CBN Governor Godwin Emefiele. Justice Ham...
- Emir Muhammadu Sanusi II Criticizes Political Opposition to Past Subsidy Reforms Amid Economic Crisis
Published: Apr 24, 2026
Section: Africa
During a high profile lecture in Lagos, the Emir of Kano, Muhammadu Sanusi II, argued that Nigeria's current economic turmoil stems from a decade of delayed fiscal reforms. He note...
- Federal High Court Affirms FCCPC Authority Over Banks Following Legal Challenge From United Bank for Africa
Published: Apr 23, 2026
Section: Africa
The Federal High Court has dismissed a lawsuit by UBA that questioned the FCCPC’s jurisdiction over financial institutions licensed by the Central Bank of Nigeria. Justice James Om...
- Nigerian Banks Grapple with High-Value Fraud as Sophisticated Cyberattacks Drive Massive Financial Losses
Published: Apr 23, 2026
Section: Africa
A new report reveals that while the total volume of banking fraud in Nigeria decreased by 4 percent in 2025, the financial impact per incident has surged. Internet banking has emer...
- Wema Bank Surpasses N200bn National License Benchmark Following Successful N150bn Rights Issue
Published: Apr 21, 2026
Section: Africa
Wema Bank has exceeded the Central Bank of Nigeria recapitalization requirements by raising its qualifying capital to N264.7bn. The lender achieved this milestone six months ahead...
- Federal Government Secures N100 Billion From Unclaimed Dividends and Dormant Bank Accounts Amid Fiscal Crisis
Published: Apr 20, 2026
Section: Africa
The Nigerian government has utilized N100 billion in unclaimed private assets to fund national debt, with plans to borrow an additional N795 billion from the same pool. Managed thr...
- Central Bank Governor Dismisses Reserve Depletion Fears Citing Buffers Above International Recommendations
Published: Apr 18, 2026
Section: Africa
Governor Olayemi Cardoso has addressed concerns over the decline in Nigeria’s external reserves, stating the current levels remain well above the minimum thresholds suggested by th...
- Senator Ned Nwoko Dismisses Fraudulent Claims Regarding Paris Club Refund and Denies $350 Million Payout
Published: Apr 17, 2026
Section: Africa
Senator Ned Nwoko has officially refuted recent media reports alleging fresh financial claims or improper payments related to the Paris Club refund. His media team confirmed that f...
- NDIC Initiates Final Dissolution of 89 Failed Banks Following Successful Purchase and Assumption Agreements
Published: Apr 16, 2026
Section: Africa
The Nigeria Deposit Insurance Corporation has begun the legal process to conclude the liquidation of 89 microfinance and primary mortgage banks after their assets and liabilities w...
- Central Bank of Nigeria Implements Pilot Supervisory Program to Regulate Digital Assets and Fintech Platforms
Published: Apr 15, 2026
Section: Africa
Governor Olayemi Cardoso is leading a strategic initiative to align Nigeria’s rapidly expanding digital finance sector with international regulatory standards. The Central Bank of...
- CBN Issues Governance Mandate to Banks as Ongoing Recapitalization Drives Sector Resilience
Published: Apr 11, 2026
Section: Africa
The Central Bank of Nigeria (CBN) has warned that capital injections alone will not guarantee financial stability, mandating that the 2026 recapitalization exercise be paired with...