Banking & Finance
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88CBN Sanctions Banks for ATM Cash Dispensing Failures
In a clear message of zero tolerance for cash flow disruptions, the Central Bank of Nigeria (CBN) has sanctioned Deposit Money Banks...
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36BDCs Struggle to meet ₦2b Recapitalisation Despite Extension
Some Bureau De Change operators are still struggling to meet the fresh N2bn recapitalisation threshold of the Central Bank of Nigeria despite...
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73
CBN Unveils Diaspora-friendly Accounts to Boost Investments
The Central Bank of Nigeria (CBN) has unveiled two new financial products aimed at attracting investments from Nigerians living abroad. The Non-Resident...
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121
CBN Suspends Export Proceeds Repatriation Extension
The Central Bank of Nigeria has suspended approvals for the extension of export proceeds repatriation on behalf of exporters, effective immediately. This...
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125Oil, Gas Sector Received 31.1% of Banks’ Credit Allocation in Q3 2024
The oil and gas sector received 31.1% of deposit money banks’ (DMBs) total credit allocation in the third quarter of 2024, highlighting...
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137China Development Bank Approves $254.76m Loan for Kano-Kaduna Railway
The China Development Bank (CDB) has approved a $254.76 million (€245 million) loan to support the Kano-Kaduna railway project. The funding, announced on...
