The Central Bank of Nigeria (CBN) has granted Approval-in-Principle (AIP) to American banking giant JPMorgan to establish a merchant bank in the country. CDA News […]
Tag: CBN
Economist Raises Concern as CBN Revokes Licences of 46 Microfinance Banks
The revocation of the operating licences of 46 microfinance banks by the Central Bank of Nigeria (CBN) has sparked concern among financial experts, with an […]
CBN Revokes Licences of 46 Microfinance Banks Across Nigeria
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks across the country, citing their failure to meet regulatory requirements […]
Nigeria’s GDP Growth Drops to 3.84% in Q1 2026 as Oil and Non-Oil Sectors Record Significant Decline
Nigeria’s Gross Domestic Product (GDP) growth rate has dropped to 3.84% in the first quarter of 2026, a worrying decline that signals mounting pressure on […]
Nigeria’s Central Bank Announces Major Easing of Cash Restrictions
The Central Bank of Nigeria (CBN) has announced a sweeping revision of its cash policies, removing limits on deposits and significantly increasing the amount customers […]
CBN Scraps Deposit Limits, Raises Weekly Cash Withdrawal Cap to N500,000
In a significant policy shift, the Central Bank of Nigeria (CBN) has removed all limits on cash deposits and raised the weekly cash withdrawal threshold […]
CBN Rate Hikes Boost Fixed Income Market In 2024 — AIHN Report
LAGOS – The Association of Issuing Houses of Nigeria (AIHN) has reported that the Central Bank of Nigeria’s aggressive interest rate hikes significantly boosted investor […]
Naira Holds Steady Against Dollar in Official and Parallel Markets
LAGOS – The Nigerian Naira maintained a relatively stable position against the US Dollar on Thursday, November 6, 2025, trading within a narrow band across […]
Naira Appreciates Across Forex Markets, Closing Week Stronger
The Nigerian Naira closed the week on a positive note, appreciating against the US dollar in both the parallel and official foreign exchange markets on […]
EFCC Witness Fails to Link Emefiele to Zenith Bank Accounts in Fraud Trial
In a significant development for the defense, a prosecution witness in the trial of former Central Bank of Nigeria (CBN) Governor Godwin Emefiele has told […]