Central Bank of Nigeria
CBN Moves to Track Stablecoin Transactions in Real Time as Digital Currency Use Expands
The Central Bank of Nigeria (CBN) is moving to strengthen its oversight of stablecoins by developing infrastructure that could allow it to monitor...
Naira Holds Firm at N1,837/£1 as Stronger Dollar Pressures British Pound
By Benson Daniel The Nigerian naira remained stable at N1,837 to one British pound in the foreign exchange market as renewed strength in...
NDIC Commences Payments to Depositors of 46 Failed Microfinance Banks
By Benson Daniel The Nigeria Deposit Insurance Corporation (NDIC) has begun the payment of insured deposits to customers of 46 recently closed microfinance...
Naira Holds Firm Against Dollar as FX Market Stability Continues
By Benson Daniel The Nigerian naira maintained a relatively stable performance against the United States dollar on Wednesday, August 5, 2026, as improved...
Zenith Bank Confirms Cyberattack, Says Limited Customer Data Compromised.
Zenith Bank has confirmed that hackers breached its database, resulting in the compromise of limited customer information in what the lender described as...
Banks Face Rising Bad Loan Pressure After CBN Ends COVID 19 Relief Measures
By Benson Daniel Nigerian banks are experiencing renewed pressure on their asset quality following the withdrawal of the Central Bank of Nigeria's COVID...
Foreign Exchange Inflows Hit Five Month Peak on Stronger Market Activity
By Benson Daniel Nigeria's foreign exchange market recorded its strongest performance in five months as total forex inflows rose by 31.9 per cent...
Nigerian Banks Reassure Customers as Global Cyberattacks Intensify
By Benson Daniel Nigerian banks have reassured customers that their digital banking platforms and financial systems remain secure despite a recent surge in...
