Banking & Finance
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21AMCON, AMPs to Tackle Over ₦4tr Debt Burden
The Asset Management Corporation of Nigeria has unveiled a renewed strategy to intensify efforts towards recovering more than N4tn in outstanding debts...
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227Nigeria’s Banking System Safe, Sound –CBN
Amid swirling concerns over the economy, the Central Bank of Nigeria (CBN) has offered firm reassurance on the health of the nation’s...
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236FX Market Tense as BDCs Race to Beat CBN Recapitalisation Deadline
As the Central Bank of Nigeria’s (CBN) June 3, 2025 recapitalisation deadline for Bureau De Change (BDC) operators draws near, tension is...
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93CBN Slashes FG Loans by Over ₦4tr
The Central Bank of Nigeria recorded a significant decline of N4.145tn in net loans and receivables in 2024, driven primarily by a...
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294CBN, CREDICORP Push for Nigeria Credit Reporting Overhaul Amid Loan Defaults
Nigeria’s financial regulators are pushing for a major shake-up of the nation’s credit reporting regime as concerns mount over the rising tide...
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206
CBN Unveils New Platform, Eyes $1b Monthly Diaspora Remittances
The Central Bank of Nigeria, in collaboration with the Nigeria Inter-Bank Settlement System, has launched the Non-Resident Bank Verification Number platform, an...
