CBN

Cardoso: Nigeria must embrace cryptocurrency regulation as market matures

October 4, 2025 by admin

Olayemi Cardoso, Nigeria’s Central Bank Governor, dropped a bombshell at a Lagos Business School lecture: The nation’s explosive crypto boom demands urgent, collaborative regulation before it spirals into chaos. With Nigerians trading billions in digital assets yearly, ignoring the market’s maturity could stifle innovation or invite scams—time to build guardrails. Cardoso Nigeria cryptocurrency regulation headlines … Read more

Naira is overvalued by 30% against the dollar

October 3, 2025 by admin

Naira Overvalued by 30% Against the Dollar: RenCap Report Warns of Unsustainable Rally in 2025 Nigeria’s naira has staged a remarkable comeback in 2025, strengthening to around ₦1,466 per dollar amid surging foreign reserves and policy tweaks—but a fresh report drops a bombshell: the currency is now overvalued by up to 30%, risking a sharp … Read more

How Nigeria Can Survive $30 Crude Oil Price — Drinks & Mics Panel Weighs In

August 12, 2025 by admin

How Nigeria Can Survive Crude Oil Price — Drinks &Amp; Mics Panel Weighs In

The Drinks & Mics Panel Discussion 2025, hosted by Nairametrics, addressed the critical question of how Nigeria can navigate a $30 per barrel crude oil price, a dire scenario for an economy heavily reliant on oil, which accounts for 90% of export earnings and 56% of 2025 government revenue (Economic Confidential, Nairametrics). Held amid a … Read more

CBN says insurance concerns prompt decongestion of Abuja headquarters, clarifies early exit policy

June 11, 2025 by admin

CBN Addresses Insurance Concerns and Early Exit Policy Abuja, Nigeria – December 7, 2024 – The Central Bank of Nigeria (CBN) has initiated a significant decongestion plan for its Abuja headquarters, citing insurance and safety concerns due to overcrowding, while also clarifying misconceptions surrounding its Early Exit Package (EEP) for staff. The CBN’s headquarters, located … Read more

MPC likely to hold MPR at 27.5%, but room remains for a modest hike

May 29, 2025 by admin

MPC Likely to Hold MPR at 27.5%, Room for Modest Hike Lagos, May 18, 2025 – The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) is expected to maintain the Monetary Policy Rate (MPR) at 27.5% during its upcoming meeting, according to analysts and recent posts on X. However, there is speculation … Read more

CBN Recapitalization: 95% of BDC operators risk shutdown by June 2025

May 28, 2025 by admin

Overview of CBN Recapitalization and Its Impact on BDC Operators The Central Bank of Nigeria (CBN) introduced new regulatory guidelines in May 2024 to reform the Bureau De Change (BDC) sector, requiring operators to meet stringent capital requirements by June 3, 2025, following a six-month extension from the original December 2024 deadline. These guidelines, aimed … Read more

CBN sets October 31 deadline for full compliance to payment system standards

March 9, 2025 by admin

CBN Sets October 31 Deadline for Full Compliance with New Payment System Standards in Nigeria The Central Bank of Nigeria (CBN) has issued a directive mandating all payment service providers (PSPs) in the country to achieve full compliance with new payment system standards by October 31, 2025. This move, announced through a circular dated August … Read more