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CBN Ends Pandemic Forbearance, Orders Banks To Deliver Capital Plans By Mid-July

Nigeria’s Central Bank has instructed banks to submit comprehensive Capital Restoration Plans by 14 July 2025, formally ending financial relief measures that were introduced to cushion the sector during the COVID-19 pandemic. In an official circular dated 20 June 2025, signed by Director of Banking Supervision Dr Olubukola Akinwunmi, the CBN set out a clear…

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IMF Lauds CBN’s Reforms On Economic Recovery

The International Monetary Fund (IMF) has commended the Central Bank of Nigeria (CBN) over its monetary policy reforms, which are significantly contributing to the nation’s economic recovery. IMF gave the commendation was its 2025 Article IV Consultation report on Nigeria. The fund commended the Federal Government for bold and politically difficult policies that had improved…

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Alleged Judgment Disregard: Hearing In Contempt Proceeding Against CBN Governor Stalled

Hearing in the contempt proceeding against the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, over alleged disobedience to a Supreme Court judgment was, on Monday, stalled at the Federal High Court in Abuja. The development occured following an oral application by C.E. Odum, who appeared for the applicant, Melrose General Services Limited, seeking an…

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CBN’s Suspension Of Banks’ Dividend May Cause Stock Market Volatility – ASHON

The Association of Securities Dealing Houses of Nigeria (ASHON) has expressed concern over the Central Bank of Nigeria’s (CBN’s) recent circular temporarily suspending dividend payments by banks. Mr Sam Onukwue, Chairman of ASHON in a statement on Tuesday, said that the directive, issued June 13, was said to ensure compliance with regulatory forbearance and Single…

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CBN Unveils BVN Platform For Diaspora Nigerians, To Expand Financial Access

The Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS) on Tuesday officially inaugurated the Non-Resident Bank Verification Number (NRBVN) platform in Abuja. According to the apex bank, this innovative digital gateway allows Nigerians in the diaspora to obtain a BVN remotely without the need for a physical presence in…

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