CBN Ends Special Authorisation: New Cash Withdrawal Rules Effective January 2026
ABUJA—The Central Bank of Nigeria (CBN) has announced significant revisions to its cash-related policies, effective January 1, 2026. These changes signal a renewed push...
Nigeria Completes $5 Billion African Energy Bank Headquarters, Sets Stage for Continental Energy Growth
Nigeria has concluded the construction of the $5 billion headquarters for the newly established African Energy Bank (AEB), a development seen as a major...
Standard Bank Becomes First African Lender to Connect Directly to China’s CIPS
Standard Bank has announced that it is now the first African financial institution to establish a direct connection with China’s Cross-Border Interbank Payment System...
CBN Confirms 16 Banks Have Met Recapitalisation Target Ahead of 2026 Deadline
The Central Bank of Nigeria (CBN) has confirmed that 16 commercial banks have now met the regulatory recapitalisation threshold, reflecting continued progress in the...
CBN Surprises Markets with Steady Monetary Policy: MPR Holds at 27% Amid Global Uncertainty
The Central Bank of Nigeria (CBN) jolted financial markets on Tuesday by keeping the Monetary Policy Rate (MPR) unchanged at 27%, alongside maintaining the...
