Finance
JPMorgan Steps Closer to Nigeria: Deposits N50bn with CBN for Banking License
American banking giant JPMorgan has reportedly deposited N50bn with the Central Bank of Nigeria, moving closer to securing a merchant banking license in Nigeria.
#Central Bank of Nigeria
Finance
JP Morgan to Obtain Nigerian Banking License after N50 Billion Deposit with CBN – Report
American multinational investment bank JP Morgan is reportedly set to secure a Nigerian banking license following a N50 billion deposit with the Central Bank of Nigeria.
Local News
A Recap of Nigerian Newspapers: 10 Key Points for Tuesday, October 20th
Get a quick rundown of the top 10 news stories in Nigeria this Tuesday morning, as reported by various newspapers.
Markets
Stock Market Sustains Losses Amid Declining Inflation
Amid a fourth consecutive month of decline in headline inflation rate, the Nigerian Exchange Limited (NGX) has continued to drop, according to Vanguard News.
Finance
Insurers Await Release of N300bn as CBN Commences Due Diligence
The Nigerian insurance industry is in suspense as the Central Bank of Nigeria (CBN) begins due diligence in releasing N300 billion from an escrow account, following the recapitalisation…
Economy
Long-Term Investment Attracted by Nigeria’s Stability, According to CBN Governor
Governor of the Central Bank of Nigeria, Olayemi Cardoso, has stated that sustained macroeconomic stability, decreasing inflation, and confidence in policy direction will draw long-term investment into Nigeria,…
Nigeria
IMF Endorses CBN’s Policy Shift: FX Crisis Pushed Nigeria to Diversify Inflows
The International Monetary Fund (IMF) has reportedly backed the Central Bank of Nigeria's policy shift, stating that the foreign exchange crisis compelled Nigeria to diversify its inflows.
Politics
Africa Finance Corporation Appoints Nigeria’s CBN Governor Yemi Cardoso as Chairman
Africa Finance Corporation (AFC) has appointed Nigeria's Central Bank Governor, Yemi Cardoso, as its new Board Chairman.
Nigeria
Nigeria’s Foreign Reserves Soar to 18-Year High at $55.07 Billion
Nigeria's foreign exchange reserves have reached an 18-year high, according to multiple sources.
Business
CBN Data Policy and Local Tech Capacity: Questions Raised
A new Central Bank of Nigeria (CBN) data policy has sparked debate over the nation's local technology capacity.
Politics
Civil Society Group Sues CBN Over Unaccounted Election Funds and Public Resources
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN) over its failure to account for $6.23 million in allegedly…
Finance
Nigeria Pursues Asian Investment Through Financial Innovation Deal in Singapore
The Central Bank of Nigeria (CBN) has engaged Singapore’s Monetary Authority (MAS) and signed a Memorandum of Understanding (MoU) with the Global Finance Trade Network (GFTN) to deepen…
Finance
CBN Governor and Finance Leaders Headline CRMI’s 25th Anniversary Conference in Lagos
The Centre for Risk Management and Investment (CRMI) marks its 25th anniversary with a conference in Lagos, attracting key figures from the financial sector.
Crime & Justice
Court Hears Allegation: CBN’s N124.86bn Withdrawal Not Approved by Finance Ministry
According to Daily Post Nigeria, a witness of the Economic and Financial Crimes Commission (EFCC) has testified in court that the Central Bank of Nigeria's (CBN) withdrawal of…
Business
Personal Loans Reach Record High of N2.06trn Amid Rising Costs in Nigeria
New data shows personal loans obtained by Nigerians reached a record high of N2.06 trillion in May 2026, accounting for nearly two-thirds of total consumer credit.