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CBN Keeps Interest Rate at 26.5%. What It Means for Nigerians

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For many Nigerians, the Central Bank of Nigeria's latest interest rate decision will be felt far beyond bank boardrooms. It could determine whether a...

BREAKING: CBN Retains MPR Interest Rate at 26.5%

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The Central Bank of Nigeria has retained its benchmark Monetary Policy Rate at 26.5 percent, maintaining its tight monetary policy stance as it...

Fraudsters Steal N134bn From Nigerian Banks, Customers – CBN

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Nigeria’s banking sector and its customers lost more than ₦134 billion to fraud between 2020 and 2025, according to figures released by the Central...

CBN Launches NOFAR to Boost Transparency

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Nigeria’s Central Bank has unveiled a new benchmark interest rate, the Nigerian Overnight Financing Rate (NOFAR), in a move officials say will deepen financial...

CBN Governor Honored With Global Award for Reforms

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LONDON (AP) — The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has been named Central Bank of the Year at the Central...

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