CBN

CBN

Dec
03
2025
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By Abdulrahman
CBN limits cash withdrawal to N500,000 weekly from January 1, 2026

CBN limits cash withdrawal to N500,000 weekly from January 1, 2026

Breaking, Economy, Nigeria, Sponsored
The Central Bank of Nigeria (CBN) has released fresh cash withdrawal rules that will take effect in January 2026. The move ends the special approval that once allowed individuals to withdraw N5 million and companies N10 million once every month. In the circular signed by the Director of the Financial Policy and Regulation Department, Rita Sike, the bank said earlier cash policies were introduced at different times to match changing conditions. But the bank said that the current financial climate now calls for a clearer set of rules that match today’s needs, reduce the pressure of managing cash, improve safety,…
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Dec
01
2025
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By Abdulrahman
CBN Gov., Cardoso: We inherited a very bad economy

CBN Gov., Cardoso: We inherited a very bad economy

Breaking, Economy, Nigeria, ,
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, says the current administration met an economy that had not only reached a macroeconomic precipice but had already “gone over the cliff,” describing the depth of challenges inherited as unprecedented. Speaking at the 60th annual dinner of the Chartered Institute of Bankers of Nigeria (CIBN), Cardoso reaffirmed the bank’s determination to drive inflation firmly into single digits, insisting that the current double-digit level “cannot be acceptable” as Nigeria consolidates economic reforms. He highlighted the progress made over the past year, noting that inflation has more than halved—from its peak of…
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Dec
01
2025
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By Abdulrahman
Nigeria Sees Record Foreign Capital Inflows, Surges to $20.98 Billion

Nigeria Sees Record Foreign Capital Inflows, Surges to $20.98 Billion

Breaking, Economy, Nigeria, , ,
Nigeria's foreign capital inflows have hit a record high, reaching $20.98 billion in the first ten months of 2025, according to Central Bank Governor Olayemi Cardoso. This represents a significant 70% increase compared to the total for 2024 and a staggering 428% jump from the $3.9 billion recorded in 2023. Cardoso attributed this remarkable growth to strengthened macroeconomic management, foreign exchange market reforms, and improved transparency across the financial system. He made this disclosure at the 60th Annual Bankers' Dinner in Lagos, highlighting the renewed appetite for Nigerian assets. The CBN governor also reported significant improvements in the country's external…
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Nov
08
2025
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By Abdulrahman
CBN Sees Bank Recapitalisation as Key to Unlocking Nigeria’s $1 Trillion Economy

CBN Sees Bank Recapitalisation as Key to Unlocking Nigeria’s $1 Trillion Economy

Breaking, Economy, Featured, Nigeria, Sponsored, ,
The Central Bank of Nigeria (CBN) has emphasized that the ongoing bank recapitalisation exercise is a strategic move to strengthen the country's financial system and position it to achieve its $1 trillion economic ambition by 2030. Speaking at a retreat in Abeokuta, Ogun State, CBN Deputy Governor Philip Ikeazor stated that the recapitalisation policy is designed to equip Nigerian banks to withstand shocks, expand credit to the real sector, and drive inclusive growth. Ikeazor noted that the exercise is a statement of resilience and ambition, aimed at building institutions that can finance infrastructure projects, support innovation, and promote sustainable growth.…
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Oct
26
2025
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By Abdulrahman
CBN lists benefits of Nigeria exiting FATF Grey List

CBN lists benefits of Nigeria exiting FATF Grey List

Breaking, Economy, Nigeria, , ,
The Nigeria Governors’ Forum (NGF) has expressed delight over the removal of Nigeria from the grey list of the Financial Action Task Force (FATF). NGF’s spokesman, Yunusa Abdullahi, in a statement on Saturday, quoted the forum’s Chairman and Kwara State Governor, AbdulRahman AbdulRazaq as attributing the feat to the efforts of President Bola Tinubu, the 36 state governors and relevant institutions. He quoted the NGF Chairman as saying: “We are very pleased with this outcome and proud to see Nigeria formally welcomed back into the global transparency community. “Nigeria has handled this difficult situation with enormous grace and integrity and…
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