CBN Financial Reforms
Past coverage from 0 countries · Last active Jul 15, 2026
This topic isn't active right now. Last covered Jul 15, 2026. See today's headlines.
The Central Bank of Nigeria (CBN) introduces a new benchmark interest rate, the Nigerian Overnight Financing Rate (NOFR), to enhance financial market credibility. The CBN also proposes reforms to isolate risks across banks and fintechs, potentially triggering capital raises and restructuring within the financial sector. Aggressive liquidity tightening by the CBN is shifting investment towards short-dated sovereign debt.
Reps probe CBN, NNPC over billions in unpaid govt revenues
- Nigeria's House of Representatives Public Accounts Committee is investigating revenue remittances by federal agencies, demanding detailed accounts from the CBN and NNPC. - The committee also seeks explanations for alleged deductions from MDAs' statutory accounts, including N15bn from UBEC. - The investigation is part of a broader oversight of public finances and compliance with the Fiscal Respon…
Reps Direct Accountant-General to Disclose CBN, NNPC Revenue Debts, Probe MDA Fund Withdrawals
- Nigerian lawmakers have directed the Accountant-General to disclose revenue debts owed by the CBN and NNPC. - The House of Representatives committee is investigating fund withdrawals from UBEC and o…
Reps probe CBN, NNPCL over unremitted operating surplus
- Nigeria's House of Representatives is investigating the Central Bank of Nigeria (CBN) and Nigerian National Petroleum Company Limited (NNPCL) over alleged unremitted operating surplus. - The Office …
Reps demand details of CBN, NNPCL’s unremitted operating surplus
- Nigeria's House of Representatives Public Accounts Committee is demanding details on unremitted operating surplus from the Central Bank of Nigeria (CBN) and Nigerian National Petroleum Company Limit…
