Banking & Finance
-
131NDIC Pays ₦69.65b to Depositors of Failed Banks
The Nigeria Deposit Insurance Corporation has disclosed that it has paid a cumulative N69.65bn to insured depositors of failed financial institutions as...
-
332FMDQ FX Market Turnover Drops 35.4% to $1.70b
Activity in Nigeria’s foreign exchange market recorded a sharp contraction during the week ended on Friday, 2 October, 2026, as liquidity tightened...
-
232Credit to Private Sector Hits ₦84.55tr as Government Credit Falls ₦7.7tr
Credit to the private sector rose for the third consecutive month in August, climbing to N84.55 trillion, as lending to government fell...
-
351Finance Ministry, CBN Sign Pact to Coordinate Inflation Policies
The Federal Government and the Central Bank of Nigeria have signed an agreement to coordinate policies on inflation, public debt, government borrowing,...
-
433Banks Shut 476 Branches in Three Years –CBN
Deposit Money Banks in Nigeria closed a net 476 branches and cash centres between 2022 and 2025, reducing their physical footprint by...
-
323CBN Warns Banks, Fintechs Over Cyber Attacks
The Central Bank of Nigeria (CBN) has warned banks, fintech companies, payment service providers and other financial institutions that cybersecurity can no...
