OAGF Explains Why ₦1.303bn Budgeted For PFIPC Remains Undisbursed
“You cannot open an account at the CBN without authorisation from the Accountant-General,” Mokwa said, adding that without such approvals, “not even one employee can be captured on the payroll.”
OPay, CBN Partner to Boost Youth Financial Literacy at Global Money Week 2026
She described financial literacy as “a cornerstone of national development,” adding that in today’s rapidly evolving financial landscape, “financial literacy is no longer optional but essential for individuals, families, and the broader economy.”
CBN Alerts Public to Fraudulent Messages, Cybersecurity Hack Attempts
The CBN stressed that such fraudulent communications are intended to hack personal accounts, and strongly advised members of the public to refrain from clicking links or sharing personal information on suspicious websites.
Breaking: CBN Cracks Down on Loan Defaulters, Bars Big Debtors from New Credit Facilities
The directive, contained in a circular issued to banks and seen on Monday, instructs financial institutions to restrict borrowers with large non-performing loans from accessing additional credit or certain banking services.
Nigeria’s Foreign Reserves Jump 772% in Two Years — CBN Governor Cardoso Reveals
Nigeria’s external reserves have recorded one of the most dramatic turnarounds in the country’s recent economic history, with CBN Governor Olayemi Cardoso confirming that net foreign exchange reserves surged by 772 percent in just two years.
FAAN Bans Cash Transaction At Airport From March One
The Federal Airports Authority of Nigeria (FAAN) has announced that cash will no longer be accepted at any of its pay points, including access gates, car parks, and executive lounges, starting Sunday, March 1.
Nigeria Records $20.9bn in Foreign Capital Inflows — CBN Governor
Nigeria has recorded a significant rise in foreign capital inflows this year, reaching $20.98 billion in the first 10 months of 2025, according to Central Bank Governor Olayemi Cardoso. Speaking at the Chartered Institute of Bankers of Nigeria’s 60th annual dinner in Lagos, Mr Cardoso said the figure represents a 70% increase compared with total […]
CBN’s Anchor Borrowers’ Fund Misused in Oil Trading, Luxury Ventures – Bashir Ahmad
A storm is brewing over the Central Bank of Nigeria’s flagship agricultural scheme, the Anchor Borrowers’ Programme (ABP), as new revelations expose widespread fraud, diversion of public funds, and deliberate sabotage of Nigeria’s food security efforts. Truth Live News gathered that, Bashir Ahmad, a former media aide to ex-President Muhammadu Buhari, has sounded the alarm […]
CBN Announces 107% Increase In Nigeria’s Trade Surplus To $2.2bn
The Central Bank of Nigeria, CBN, has disclosed that Nigeria’s trade surplus reached $2.2 billion in January 2025, rising by 107.5 percent month-on-month (MoM) from $1.06 billion in December 2024. The Apex made the disclosure in its Economic Report for January 2025, citing increased value of export and import as the cause of increase in […]
CBN Raises Alarm Over Illicit Naira Transactions, Calls for Urgent Action
The Central Bank of Nigeria (CBN) sounded the alarm over the growing trend of illicit transactions involving banknotes, urging immediate intervention to curb the practice. CBN Governor, Olayemi Cardoso, made this known at the Bank’s Security Workshop held in Abuja on Thursday, where security and law enforcement agencies gathered to address the issue. […]