•CBN Governor Olayemi Cardoso The Central Bank of Nigeria (CBN) has rolled out sweeping new restrictions on who can qualify to operate as Point of Sale (PoS) agents, in what industry watchers describe as a major effort to restore integrity, accountability, and stability to Nigeria’s fast-growing agent banking sector. Under the revised Guidelin...
•CBN Governor Olayemi Cardoso The Central Bank of Nigeria has reaffirmed its commitment to expanding financial inclusion and driving economic growth by promoting the adoption of alternative payment systems. The apex bank expressed this commitment at a sensitisation exercise known as the ‘CBN Fair,’ held at the Dome Event Centre in Calabar toda...
•Prof. Emmanuel Osodeke The immediate past President of the Academic Staff Union of Universities (ASUU), Prof. Emmanuel Osodeke, has raised concern that over ₦600 billion in unutilised Tertiary Education Trust Fund (TETFund) allocations belonging to beneficiary institutions remain idle in the Central Bank of Nigeria (CBN). Speaking at the 2025...
•Central Bank of Nigeria (CBN) The Central Bank of Nigeria’s Monetary Policy Committee has reduced the interest rate to 27 per cent from 27.5 per cent in July. It also reduced the cash reserve requirement to 45 percent for commercial banks and 16 percent for merchant banks. The Committee has also introduced a 75 percent […]
•Kelvin Emmanuel Following the increasing inflation rate, Economy and Energy Expert, Kelvin Emmanuel, has advised the federal government to focus on economic drivers that will reduce inflation rate, in order to improve the cost of living of the average Nigerian. Emmanuel gave the advice today on Channels TV. While speaking to the topic ‘The Ec...
•POS machine The Central Bank of Nigeria has directed that all Point of Sale (PoS) terminals in the country be geo-tagged within 60 days. In a statement dated August 26, 2025, obtained by our correspondent today, CBN said the move is part of measures to curb fraud and strengthen oversight of digital payments. It is […]
•CBN Governor Olayemi Cardoso and the apex bank’s logo The Central Bank of Nigeria (CBN) has reaffirmed its commitment to maintaining a resilient, safe, and sound financial system as the ongoing banking recapitalisation exercise continues to gather pace. According to the apex bank, eight commercial banks have already met the new capital ...
•CBN Governor Yemi Cardoso The Central Bank of Nigeria (CBN) has maintained the current Monetary Policy Rate (MPR) of 27.5 per cent with all policy parameters. The Governor of CBN, Olayemi Cardoso, disclosed this at the MPC briefing in Abuja today, reports Channels TV. The apex bank’s MPC held its 301 meeting on July 21st […]
The Court of Appeal sitting in Abuja today reversed the judgment of a Federal High Court ordering the Central Bank of Nigeria (CBN) to pay Kasmal International Services the sum of N579,130,698,440 for its involvement in stamp duty collection. Justice Adebukola Banjoko, who delivered the majority judgment of two to one of the Appeal Court, [&he...
•CBN Governor Olayemi Cardoso As Nigeria advances toward its March 2026 bank recapitalisation deadline, the Central Bank of Nigeria (CBN) has announced a decisive end to COVID-era regulatory forbearance and loan waivers, signaling a return to stricter oversight and stronger capital standards. In a circular dated June 20, 2025 and signed by the...
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