Tag: CBN
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Nigerian Banks Park Nearly N7 Trillion With CBN as Liquidity Surges
Nigerian banks have placed close to N7 trillion in surplus funds with the Central Bank of Nigeria, highlighting the strong liquidity currently circulating within...
Tinubu Nominates Lamido Yuguda as Deputy Governor of CBN
President Bola Ahmed Tinubu has approved the nomination of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN), pending confirmation...
CBN Pulls N13.41trn From Banking System as Liquidity Tightens
The Central Bank of Nigeria withdrew about N13.41 trillion from Nigeria’s financial system in January 2026, a sharp increase compared with the N2.77 trillion...
CBN Rate Cut Triggers Mild Naira Dip as Reserves Hit 13 Year High
The naira weakened slightly to N1,359 against the dollar on Tuesday after the Central Bank of Nigeria concluded its 304th Monetary Policy Committee meeting...
CBN Slams Up to N10 Million Fine on Banks and Cheque Printers for Security Breaches
The Central Bank of Nigeria has introduced stricter penalties for banks and accredited cheque printers that breach the Nigeria Cheque Standard and the Cheque...
