Business
Nigeria’s Trade Surplus Rises to 6% of GDP, Says CBN Governor Cardoso
Nigeria’s trade surplus rises to 6% of GDP as CBN Governor Olayemi Cardoso attributes the growth to strong macroeconomic policies,
16 October 2025
CBN
Breaking News
FCCPC Backs CBN’s 48-Hour Refund Policy for Failed ATM Transactions
The FCCPC has endorsed the CBN’s draft policy mandating banks to refund customers within 48 hours for failed ATM transactions
14 October 2025
Business
CBN Tightens PoS Regulations Sets N5 Million Fine for Non-Compliance
The CBN has introduced new PoS guidelines mandating geo-tagging and imposing N5 million fines for non-compliance, with full enforcement starting April 1, 2026.
7 October 2025
Business
CBN Reduces Interest Rate to 27% in First Policy Shift of 2025
CBN has reduced Nigeria’s interest rate to 27% after three consecutive pauses, citing consistent disinflation
24 September 2025
Business
Six Banks Meet CBN’s Recapitalization Deadline Ahead of 2026
Six banks Access, Zenith, GTBank, Wema, Stanbic IBTC, and Jaiz have met the CBN’s new recapitalization requirements ahead of march 2026 deadline
15 September 2025
Business
Naira Strengthens to N1,520/$ as Forex Reserves Hit $41.5 Billion
Naira appreciated to N1,520/$ as Nigeria’s forex reserves rose for the ninth consecutive week to $41.5bn, driven by investor inflows
8 September 2025
Business
Naira Records Longest Period of Stability in 2025
The naira holds steady for nearly eight weeks at ₦1,520–₦1,537 per dollar the longest stable stretch in 2025 as CBN reforms
15 August 2025
Business
Naira Appreciates Slightly Against Dollar as FX Reforms Sustain Currency Stability
The naira strengthened slightly against the dollar on the first trading day of July 2025, as Nigeria’s ongoing FX reforms
2 July 2025
Business
Afreximbank Disburses $18.7 Billion to Boost African Trade and Industrialization
Afreximbank disbursed $18.7 billion in 2024 to support African trade, with leaders at its 32nd AGM in Abuja urging stronger institutions
26 June 2025
Business
GTBank Begins N6.98 USSD Charges Via Airtime
GTBank has started charging the ₦6.98 USSD fee from customers’ airtime instead of their bank accounts, following NCC and CBN directives
18 June 2025
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