April 22
Nigeria: Massive Banking Stocks Sell-Off Persists
... As investors lose N1.57trn Read more »
March 28
Nigeria: Breaking - CBN Introduces N500bn, N200bn Minimum Capital Base for Banks
Days after urging Nigerian banks to expedite action on the recapitalisation of their capital base in order to strengthen the financial system, the Central Bank of Nigeria (CBN) on… Read more »
February 26
Nigeria: FG, Afreximbank Partner On $1bn Healthcare Investment
The Federal Government and African Export-Import Bank (Afreximbank) have committed to a $1 billion partnership to revolutionise Nigeria's healthcare sector. Read more »
Nigeria: Forex Crisis / Clampdown On BDCS 'Ll Worsen Situation - Peter Obi
...it shows lack of understanding of problem Read more »
February 15
Nigeria: How to Make Kaduna Preferred Destination for Investors - Sani UBA
...Says Kaduna is set for new infrastructure levels Read more »
February 12
Nigeria: More Nigerians, Customers to Benefit From Axa Mansard Promo Extension
AXA Mansard Insurance, a member of AXA, has extended its two promotional schemes, AXA Mansard Awoof Xtra and Double-Double Promo, till June 2024. Read more »
Nigeria: Banks Grow Total Assets By 50 Percent N107.3trn
·Customers' deposits up 45% to N64.48trn Read more »
Nigeria: Wigwe's Tragic Death - Corporate World Has Lost Extraordinary Genius - Rone
THE Chairman and Chief Executive Officer, CEO of UTM FLNG Limited, Julius Rone, has expressed grief over the tragic death of the CEO and Group Managing Director of Access Bank plc,… Read more »
February 11
Nigeria: 'Farewell to a Visionary Leader' - Access Bank Announces Wigwe's Death
Access Bank has announced the death of the Group Chief Executive Officer of Access Holdings, Dr. Herbert Wigwe. Read more »
February 06
Nigeria: Increase in School, Medical Tourism Putting Pressure On Naira - CBN Governor
The Governor of the Central Bank of Nigeria (CBN), Dr Olayemi Cardoso has said that the increase in exchange rate between the naira and dollar is due to the increase in Nigerian… Read more »
January 25
Nigeria: Nigeria's Economy in 'Stabilisation Phase', Says CBN
The Central Bank of Nigeria (CBN) says the stage in Nigeria's economic transformation roadmap shows the country is currently in the stabilisation phase. Read more »
January 24
Nigeria: CBN Vows to Deal With Forex Abuses, Infractions - Insists Naira Undervalued
The Central Bank of Nigeria, CBN, has vowed to deal with abuses and infractions in the foreign exchange, (Forex) market. Read more »
November 15, 2023
Nigeria: Monetary Policy Stance, Money Market Reforms Yielding Desired Impact - CBN
The Central Bank of Nigeria (CBN), has expressed optimism that its monetary policy initiatives are yielding the desired results. Read more »
November 03, 2023
Nigeria: CBN Begins Clearing Forex Forwards Backlog
Barely 10 days after, the Central Bank of Nigeria (CBN) may have begun to implement the promise of President Bola Tinubu to clear the estimated $7 billion outstanding foreign… Read more »
November 02, 2023
Nigeria: Insurance - Weakening Purchasing Power Affects Individual Life Policies
At the backdrop of significant declines in the purchasing power of most Nigerians, the insurance sector is recording higher preference for group life policies with declining… Read more »
October 28, 2023
Nigeria: AfDB, Partners Inject U.S.$1 Billion to Fund Nigeria's Special Agro-Industrial Processing Zones
African Development Bank (AfDB), Islamic Development Bank (IDB) and the International Fund for Agricultural Development have voted $1billion to deliver special agro-industrial… Read more »
October 10, 2023
Nigeria: eNaira No Threat to Financial Stability - CBN
The Central Bank of Nigeria (CBN) has assured that the e-Naira, its digital currency, poses no threat to financial stability in the country. Read more »
August 23, 2023
Nigeria: FG Should Reorganise CBN, NNPCL for Improved Transparency - LCCI
Stakeholders in Nigeria's real sector have called for urgent reorganisation in the Central Bank of Nigeria (CBN) and NNPC Limited for improved transparency and accountability. Read more »
August 04, 2023
Nigeria: CBN Probe - Investigator Raises Alarm Over Alleged Smear Campaign Against Him
The special investigator, recently appointed by President Bola Tinubu, to investigate the Central Bank of Nigeria, CBN, and related entities, Mr. Jim Obazee has raised the alarm… Read more »
August 02, 2023
Nigeria: Subsidy - We Do Not Have Control Over Price of PMs or Dollar - Central Bank
The Central Bank of Nigeria CBN, says it has little or no control over the price of either Premium Motor Spirit (PMS) or the dollar. Read more »
July 26, 2023
Nigeria: CBN Intensifies Anti-Inflation Effort, Raises MPR to 18.75%
The Central Bank of Nigeria, CBN, yesterday raised its benchmark interest rate, the Monetary Policy Rate, MPR, again, to 18.75 per cent in a bid to curb inflation. Read more »
July 13, 2023
Nigeria: CBN Directs Banks to Pay Diaspora Remittances to Beneficiaries in Naira
The Central Bank of Nigeria (CBN) has directed International Money Transfer Operators (IMTOs) to commence remittances pay-out in both Naira and foreign exchange to beneficiaries. Read more »
July 04, 2023
Nigeria: Banks' Borrowing From CBN Intensifies, Rises 140% to N10.35trn
·As deposits rise 34% Read more »
June 23, 2023
Nigeria: 25m Adult Women in Nigeria Have No Formal Bank Accounts - Study
A study jointly undertaken by Genesis Analytics and Commissioned by the Gender Centre of Excellence in close collaboration with the Central Bank of Nigeria, CBN, has revealed that… Read more »
June 07, 2023
Nigeria: Cashless Policy - CBN Takes E-Naira to Kano Varsity for Payment of Tuition, Others
In its bid to raise awareness and invite more subscribers to the E-Naira policy, the Central Bank of Nigeria (CBN) in Kano has taken its mobilization to the Aliko Dangote… Read more »