Banking & Finance
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124International Payments Facilitated by CBN Hit $497m in February
The Central Bank of Nigeria (CBN) has reported a 17.2 per cent year-on-year (y/y) increase in international payments in February 2025, reaching...
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87Nigeria’s Debt Servicing Rises 68% to ₦13tr
Nigeria spent a total of N13.12tn on debt servicing in 2024, representing a 68 per cent increase from the N7.8tn recorded in...
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75Recapitalisation: Banks Have So Far Raised ₦2.4tn Through Capital Market –SEC DG
Nigerian banks have so far raised N2.4 trillion through the capital market in the ongoing recapitalisation of the banking sector directed by...
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136FG Seeks Fresh $10.50m W’Bank Loan
Nigeria has approached the World Bank for a fresh $10.50m loan to enhance the Central Bank of Nigeria’s technical capacity and modernise...
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135World Bank Okays $1.08b for Education, Others in Nigeria
The World Bank has approved three funding operations for Nigeria, totaling $1.08 billion in concessional financing. These initiatives aim to improve quality...
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75
CBN Refutes New ₦5,000, ₦10,000 Banknotes Report
The Central Bank of Nigeria declared as fake a report that it had introduced new N5,000 and N10,000 banknotes. In a post...
