Banking & Finance
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384Credit to Manufacturers Dropped 22.5% in 2025 –MAN
The Manufacturers Association of Nigeria has expressed concern over the sharp decline in commercial bank credit to the manufacturing sector. It warned...
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489CBN Unveils Overnight Financing Rate
The Central Bank of Nigeria (CBN) has officially launched the Nigeria Overnight Financing Rate (NOFR), a new benchmark interest rate designed to...
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305CBN Orders Banks to Localise Payments Data
The Central Bank of Nigeria has directed banks, fintech firms and other payment service providers to store payment transaction data generated within...
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289CBN Proposes Stricter Regulation of Banks, Affiliated Companies’ Business Dealings
The Central Bank of Nigeria (CBN) has issued draft guidelines that would impose stricter controls on transactions between banks, financial institutions and...
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218CBN Tightens FX Rules, Imposes ₦100m Fine on Banks
The Central Bank of Nigeria (CBN) has unveiled a sweeping revision of its foreign exchange regulatory framework, introducing a N100 million penalty...
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594Naira Misses Africa’s Top 10 Spot in May Despite FX Stability
Despite a relatively stable foreign exchange market and a significant increase in the country’s external reserves, the naira narrowly missed out on...
