Lagos, June 18, 2025 – Access Bank Plc has officially reaffirmed its commitment to fully comply with the Central Bank of Nigeria’s (CBN) forbearance conditions before the regulatory deadline of June 30, 2025, while also assuring shareholders of ongoing dividend payments. This announcement was made during a recent shareholders’ meeting where the bank’s management detailed
Abuja, Nigeria | June 18 — 2025 The Central Bank of Nigeria (CBN) has reaffirmed the resilience and soundness of the Nigerian banking sector, assuring the public of continued financial stability despite ongoing global and domestic economic pressures. In a statement released on Monday, the apex bank noted that recent actions involving certain financial institutions
The Central Bank of Nigeria (CBN) has officially launched the Non-Resident Bank Verification Number (NRBVN), a strategic initiative aimed at extending banking access to Nigerians living abroad. The move is part of the apex bank’s efforts to strengthen financial inclusion and improve diaspora engagement. The NRBVN will allow Nigerians in the diaspora to seamlessly link
The total amount of physical cash circulating outside Nigeria’s formal banking system declined once again in April 2025, sliding to N4.57 trillion from N4.60 trillion recorded in March. This development, confirmed in the latest data released by the Central Bank of Nigeria, comes against the backdrop of sustained monetary tightening by the apex bank. The
Investors Embrace Ethical Financing as Sukuk Oversubscribed by 735% Nigeria’s journey into faith-based, ethical financing has hit an extraordinary milestone with the Federal Government’s sixth Sovereign Sukuk issuance attracting a record-breaking ₦2.205 trillion in subscriptions, an oversubscription of 735% against the initial ₦300 billion offered. This landmark achievement not only cements Sukuk’s place in Nigeria’s
In a landmark move that could redefine the future of Islamic finance in Nigeria, the Central Bank of Nigeria (CBN) has announced the official rollout of strategic liquidity management tools tailored exclusively for non-interest financial institutions. These include the deployment of the Nigerian Non-Interest Financial Institutions’ Master Repurchase Agreement (NNMRA) and the commencement of auctions
In a notable gesture aimed at boosting emergency response capacity in Bauchi State, the Central Bank of Nigeria (CBN) has donated a motorised fire caddy to the Federal Fire Service (FFS) as part of its corporate social responsibility initiatives. The donation was officially handed over on Tuesday by the Controller of CBN Bauchi Branch, Mr.
