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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.
The post CBN: Oil prices rally brightens naira, foreign reserves’ prospects appeared first on Vanguard News.
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.
LAGOS — With less than 60 days to the Central Bank of Nigeria’s (CBN) definitive recapitalisation deadline of March 31,
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ABUJA — Fresh data from the Central Bank of Nigeria (CBN) has confirmed fears of a “crowding out” effect in
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ABUJA — Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has signaled a major strategic pivot in the nation’s capital
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LAGOS — Zenith Bank Plc has emphatically secured its place in the post-recapitalisation era, announcing that it has successfully scaled
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LAGOS — Guaranty Trust Bank (GTBank) has officially joined the elite club of banks that have conquered the Central Bank
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LAGOS — While many Nigerian banks are still scrambling to meet the Central Bank of Nigeria’s (CBN) March 2026 recapitalisation
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Central Bank of Nigeria (CBN) has established New Minimum Standards for ATM Deployment, Operations, Maintenance, and Security.
The post CBN sets new ATM deployment ratio appeared first on Vanguard News.
LAGOS — The Nigerian banking sector has entered its “final sprint” phase. With the Central Bank of Nigeria (CBN) deadline
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