CBN Recapitalisation Update: What It Means for Nigerian Banks, Customers, and the Economy 

The Insights 22 May 2026

Nigerian Banks Race to Meet CBN Capital Requirements as Five Banks Face Regulatory Challenges  Nigeria’s banking sector is currently undergoing one of its biggest financial reforms in years as the Central Bank of Nigeria pushes banks to meet new recapitalisation requirements aimed at

CBN Approves Temporary Use of Expired NAFDAC Licences for Imports

The Insights 28 January 2026

The Central Bank of Nigeria (CBN) has approved a two-month window allowing importers to use expired NAFDAC licences for import documentation. This measure provides short-term relief to businesses affected by system changes in Nigeria’s trade processing framework.  In a circular issued on January 26, 2026, the CBN stated that

Only 82 BDCs Licensed by CBN: What Nigerians Need to Know 

The Insights 9 December 2025

The Central Bank of Nigeria (CBN) has confirmed that only 82 Bureaux De Change (BDCs) have met its new guidelines and are licensed to operate, effective 27 November 2025. This move follows the introduction of stricter regulations in February 2024, aimed at ensuring a more stable and secure foreign exchange sector in Nigeria.  New Guidelines for BDC

CBN Removes Cash Deposit Limits, Retains Withdrawal Restrictions from January 2026 

The Insights 4 December 2025

The Central Bank of Nigeria (CBN) has announced a major shift in its cash-related policies, removing all limits on cash deposits while maintaining strict withdrawal ceilings. The new rules, which take effect on January 1, 2026, were disclosed in a circular signed by Dr. Rita Sike, Director of Financial Policy and Regulation.  According to the apex

Power and Insecurity Threaten Business Stability in Nigeria – CBN Report 

The Insights 13 November 2025

The Central Bank of Nigeria (CBN) has revealed that insecurity and erratic power supply remain the biggest threats to business stability and profitability across the country. According to its October 2025 Business Expectations Survey, insecurity ranked highest at 71.8 points, closely followed by poor power supply (70.9 points) and multiple taxation (70.2 points). 

Tinubu Urges Endowment Fund for National Theatre’s Sustainability 

The Insights 2 October 2025

President Bola Tinubu President Bola Tinubu has called on the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, and other stakeholders to establish an endowment fund for the newly renovated National Theatre, now renamed the Wole Soyinka Centre for Culture and Creative Arts.  The President made this appeal in Lagos during the official reopening of […]

CBN Pushes for Wider Use of Alternative Payment Channels to Boost Financial Inclusion 

The Insights 13 August 2025

The Central Bank of Nigeria (CBN) has reaffirmed its commitment to making financial services accessible to every Nigerian by promoting alternative payment channels. This was the focus of the recent CBN Fair themed “Driving Alternative Payment Channels as Tools for Financial Inclusion, Growth, and Accelerated Economic Development.”  The event brought together