# Central Bank of Nigeria Type: Company Source: GetYourBrief — https://getyourbrief.com/entity/central-bank-of-nigeria Canonical HTML page: https://getyourbrief.com/entity/central-bank-of-nigeria ## Timeline - **2026-07-17**: Executive Order Signed — President Tinubu signs the Presidential Executive Order on Virtual Assets Coordination, 2026, establishing the Virtual Asset Council and Virtual Asset Office, effective immediately. - **2026-03-26**: Legal Review — CBN begins a formal review of the judgment's Certified True Copy to determine regulatory next steps. - **2026-03-25**: Court Judgment — Federal High Court in Lagos delivers a ruling on the legality of the CBN's regulatory intervention. - **2026-03-25**: CBN Reassurance — CBN issues a statement affirming Union Bank's stability and commitment to the rule of law. - **2026-03-25**: Court Judgment — Federal High Court in Lagos delivers a ruling concerning the legality of the 2024 regulatory actions. - **2026-03-25**: CBN Reassurance — The apex bank issues an official statement reaffirming Union Bank's stability and operational status. - **2026-03-24**: Capital Milestone Announced — CBN confirms N4.61tn has been raised, highlighting strong foreign investor participation. - **2026-03-06**: Recapitalization Milestone — Reports confirm 30 banks have successfully met the CBN's new capital thresholds. - **2026-03-06**: Borno Security Breach — Boko Haram/ISWAP launch a deadly attack in Borno State, prompting a national security response. - **2026-03-06**: Presidential Military Order — President Tinubu directs the military to intensify operations against insurgents in the North-East. - **2024-03-01**: Recapitalisation Launch — CBN introduces the Banking Sector Recapitalisation Programme to boost bank resilience. - **2024-01-10**: Board Dissolution — CBN dissolves the boards of Union Bank, Keystone Bank, and Polaris Bank citing non-compliance. - **2024-01-10**: Regulatory Intervention — CBN dissolves the board and management of Union Bank citing governance and compliance failures. - **2024**: Macroeconomic Reform Phase — Banks navigate fuel subsidy removals and exchange rate liberalization. ## Recent coverage (7 stories, network-wide) ### Banks File 92% of Nigeria's 42,082 Suspicious Transaction Reports 2026-08-17 03:10:08 · Sector: legal · Sentiment: Neutral · Impact: 5/10 · Sources: 2 Nigeria's NFIU received 42,082 STRs in 2025, with banks supplying 92%. The data exposes uneven compliance across VASPs and DNFBPs — key signals for legal and RegTech practitioners advising on AML/CFT obligations. Full story: https://getlegalbrief.com/story/nigeria-banks-92-percent-of-42082-suspicious-transaction-reports ### Banks Carried 92% of Nigeria's 42,082 AML Reports in 2025 2026-08-17 03:09:56 · Sector: finance · Sentiment: Neutral · Impact: 5/10 · Sources: 2 Nigeria's NFIU processed 41.7M currency reports and 42,082 STRs in 2025. Banks dominate reporting at 92%, signaling rising compliance costs and monitoring infrastructure demands across the financial sector. Full story: https://getfinancebrief.com/story/nigeria-banks-92-percent-42082-aml-reports-compliance-costs ### Nigeria’s 5-Agency Virtual Asset Council: Executive Order Signed 2026-07-20 08:22:42 · Sector: crypto · Sentiment: Positive · Impact: 7/10 · Sources: 3 President Tinubu signs an executive order creating a five-agency council led by the CBN to harmonize crypto oversight, aiming to protect investors and foster innovation in Africa’s largest crypto market. Full story: https://getcryptobrief.com/story/nigeria-virtual-asset-council-executive-order ### CBN Reaffirms Union Bank Stability Following Federal High Court Ruling 2026-03-26 00:50:34 · Sector: finance · Sentiment: Positive · Impact: 6/10 · Sources: 2 The Central Bank of Nigeria has issued a strong statement of support for Union Bank of Nigeria Plc following a judgment by the Federal High Court in Lagos. Despite legal proceedings regarding 2024 regulatory actions, the apex bank maintains that Union Bank remains sound and fully capable of meeting its obligations. Full story: https://getfinancebrief.com/story/cbn-union-bank-stability-court-ruling ### CBN Reaffirms Union Bank Stability Following Lagos High Court Ruling 2026-03-26 00:50:00 · Sector: legal · Sentiment: Positive · Impact: 6/10 · Sources: 2 The Central Bank of Nigeria (CBN) has moved to reassure stakeholders of Union Bank of Nigeria’s operational stability following a Federal High Court judgment in Lagos. The ruling pertains to the apex bank's January 2024 regulatory interventions, with the CBN pledging to maintain oversight while reviewing the court's specific findings. Full story: https://getlegalbrief.com/story/cbn-union-bank-stability-court-ruling ### Nigerian Banks Secure N4.61tn in Capital Amid CBN Regulatory Reform Push 2026-03-25 00:31:01 · Sector: finance · Sentiment: Positive · Impact: 7/10 · Sources: 2 The Central Bank of Nigeria has announced that domestic banks successfully attracted N4.61 trillion in fresh capital following the 2024 recapitalization mandate. This influx, which includes a 27% contribution from foreign investors, marks a significant milestone in Governor Olayemi Cardoso's efforts to bolster financial stability and end regulatory forbearance. Full story: https://getfinancebrief.com/story/nigeria-banks-cbn-recapitalization-milestone ### Nigerian Banking Sector Strengthens as Security Volatility Persists in Borno 2026-03-07 00:38:27 · Sector: finance · Sentiment: Positive · Impact: 6/10 · Sources: 2 Nigeria's financial landscape is witnessing a dual-track development as 30 banks successfully meet the Central Bank's new recapitalization requirements while President Tinubu orders a military surge to counter insurgent attacks in Borno State. Full story: https://getfinancebrief.com/story/nigeria-banking-recapitalization-borno-security-risks --- This page is a machine-readable summary. Sentiment measures the directional read of each development for this entity, not the tone of the reporting; impact weights consequence, not syndication reach. See https://getyourbrief.com/guides/methodology for the full editorial methodology.