Banks to cut fraud response times to under 30 minutes as benefits of BVN, NIN kick in – CBN
Banks in the country have agreed to reduce fraud response times to under 30 minutes, a move expected to significantly ...
Tag: CBN
CBN projects 4.49% growth, lower inflation in 2026 outlook
The Central Bank of Nigeria (CBN) has projected a more stable and resilient economy in 2026, despite lingering global uncertainties, ...
CBN gives PoS terminal providers one month to connect system to NIBSS, UPSL
The Central Bank of Nigeria (CBN) has directed all acquirers, processors, and payment terminal service providers (PTSPs) to implement mandatory ...
Nigeria’s External Reserves Historically Peak Above $45b In Six Years
Nigeria’s external reserves hit a six-year high, rising above $45 billion mark, in a historical move. Latest data released by ...
CBN orders banks to reimburse APP fraud victims within 48 hours
The Central Bank of Nigeria has ordered banks and other financial institutions to reimburse victims of Authorised Push Payment (APP) ...
CBN says it can’t introduce new financial interventions due to N4.69trn outstanding
The Central Bank of Nigeria (CBN) says it cannot introduce new intervention programmes because N4.69 trillion of past interventions remain ...
Nigeria’s Foreign Reserve Rises To $46bn
The nation’s foreign reserve has risen to over $46 billion, according to the Governor of the Central Bank of Nigeria ...
CBN says Nigeria’s foreign reserves now at five-year high of $43bn
The Central Bank of Nigeria (CBN) has announced that the country’s foreign exchange (FX) reserves have climbed to a five-year ...
Nigeria’s Inflation Rate Falls to 18.02% In September, Sixth Consecutive Monthly Decline
Nigeria’s headline inflation rate dropped to 18.02 per cent in September 2025, representing a significant 2.1 percentage point decrease from ...
CBN Reduces Interest Rate By 50 Basis Points To 27%
The Central Bank of Nigeria’s Monetary Policy Committee has reduced the interest rate by 50 basis points, from 27.5 per ...
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