The central banking authority of Nigeria, overseeing monetary policy and financial stability.
Nigeria’s Central Bank To Launch Open Banking in August 2025
Nigeria's Central Bank has approved the launch of open banking, starting August 2025. This makes Nigeria the first African country to implement open banking.
No pressure, Cardoso: CBN holds rate at 27.50%
Nigeria's Central Bank maintains the benchmark interest rate at 27.50%. This decision marks the end of a rate-tightening cycle initiated in September 2023.
Nigerian Fintech Moniepoint Receives Strategic Investment from Visa
Visa invests over $10 million in Moniepoint, raising Series C funding to exceed $120 million. Moniepoint processes over 1 billion transactions monthly with payment volumes reaching $22 billion.
African fintech Moniepoint gets Visa backing, plans to work on contactless payments
Visa invests over $10 million in Moniepoint. Moniepoint's Series C funding exceeds $120 million.
Foreign investors stage comeback to Nigeria, seeking high yields over interest rates
Foreign investors are showing interest in Open Market Operations (OMO) and treasury bills auctions. Foreign Portfolio Investments on the NGX in February 2024 rose by 23% compared to January 2024.
