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30 banks meet CBN recapitalisation rules 19 days to deadline
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30 banks meet CBN recapitalisation rules 19 days to deadline

By Peter Egwuatu, Assistant Business Editor As at today, 12th March 2026, 30 banks out of the 35 banks operating in the country have met the recapitalisation requirement of the Central Bank of Nigeria, CBN, according to findings by Vanguard. The remaining five banks have 19 more days to meet the recapitalisation deadline which ends […]

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Reflections on CBN and interest rate dynamics

By ARIZE NWOBU Interest rate is the cost of money and one of the major macroeconomic variables which determine the dynamics, direction and health of an economy.  Other major macroeconomic variables are exchange rate, inflation rate, unemployment rate, imports and exports and consumer confidence.  Central banks determine the interest rates for their respective economies towards attaining […]

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CBN: Oil prices rally brightens naira, foreign reserves’ prospects
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CBN: Oil prices rally brightens naira, foreign reserves’ prospects

With Brent crude trading around $69 per barrel above Nigeria’s 2026 federal budget benchmark of $64.8, the price rally would largely bolster the country’s fiscal revenues, foreign exchange reserves and promote exchange rate stability.

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SERAP sues CBN over alleged missing N3trn
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SERAP sues CBN over alleged missing N3trn

Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN) “over the failure to account for and explain the whereabouts of the missing or diverted N3 trillion of public funds, including the over N629 billion paid to ‘unknown beneficiaries’ as part of the Anchor Borrowers’ Programme.”

The post SERAP sues CBN over alleged missing N3trn appeared first on Vanguard News.

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