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The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has dismissed claims that the apex bank is aggressively intervening in the foreign exchange market to defend the naira, saying its interventions now account for only about 1.2% to…
Read moreFor this edition of Regulatory Watch, Nairametrics reviewed some of the most important recent pronouncements from the Central Bank of Nigeria (CBN) that could shape banking operations, digital payments, foreign exchange access, and consumer protection in the months ahead. The…
Read moreWema Bank’s Managing Director, Mr. Moruf Oseni, has reaffirmed the bank’s ambition to break into Nigeria’s tier-one banking league “in the not-too-distant future.” The post Wema Bank MD hints expansion to tier-one status at AGM appeared first on Nairametrics.
Read moreThe Central Bank of Nigeria (CBN) and deposit money banks are reviewing excessive transaction alerts and customer charges amid complaints from bank users over confusing debit notifications and deductions. The post CBN, banks reviewing excess customer alerts, charges appeared first…
Read moreNigeria’s gross external reserves rose to $49.49 billion as of May 15, 2026, marking a rebound from $48.35 billion recorded at the end of March 2026. The post Nigeria’s external reserves rebound to $49.49 billion in May — Cardoso appeared…
Read moreHigh logistics and energy costs are increasingly pushing Micro, Small and Medium Enterprises (MSMEs) out of Nigeria’s export market, according to the newly released 3T Impex Non-Oil Export Index Report 2026. The post High logistics, energy costs pushing MSMEs out…
Read moreThe Nigerian Exchange closed lower on 20 May 2026, shedding 2,571.7 points as bearish sentiment pushed the All-Share Index down to 249,063.7 at the end of trading. The post Nigerian All-Share Index sheds 2,571 points, slips below 250,000-threshold appeared first…
Read moreThe Central Bank of Nigeria’s Monetary Policy Committee (MPC) completed their 305th meeting on 19–20 May 2026. Result? They kept everything unchanged after the slight cut in February. The post MPC holds all rates steady: What this means for…
Read moreThe National Drug Law Enforcement Agency (NDLEA) has dismantled a transnational methamphetamine production syndicate allegedly operated by a Nigerian drug cartel in collaboration with Mexican nationals, recovering illicit substances valued at over N480 billion and arresting 10 suspects. The post…
Read moreThe Monetary Policy Committee (MPC) of the Central Bank of Nigeria has voted to retain the Monetary Policy Rate (MPR) at 26.5% following its 305th meeting. The post CBN retains MPR at 26.5% as MPC concludes 305th meeting appeared first…
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