Banking & Finance
-
55Cash Demand Surges As Currency Outside Banks Hits ₦4.65tr
Nigeria’s appetite for cash intensified in October as Currency Outside Banks (COB) climbed for the second consecutive month to N4.65 trillion, signalling...
-
120AfDB’s Loan to Nigeria Hits $5.1b
The African Development Bank Group has approved a new $500 million loan for the Federal Government of Nigeria, pushing the Bank’s total...
-
249Money Supply Climbs to ₦119tr in October
Nigeria’s broad money supply rose to N119.04tn in October 2025 from N117.78tn in September, according to new data published by the Central...
-
62CBN: 16 Banks Scale Recapitalisation Hurdle
The Central Bank of Nigeria (CBN), has said that 16 banks have successfully scaled through the recapitalisation hurdle, meeting the revised capital...
-
71Coordinated Reforms Stabilising Naira, Slashing Lending Rates –CBN
The Central Bank of Nigeria (CBN) on Thursday stated that its ongoing policy tightening and structural reforms are beginning to filter through...
-
137Banks’ Deposit with Central Bank of Nigeria Soars to ₦48.40tr
The Nigerian banking sector’s deposits with the Central Bank surged by 154 per cent, reaching N48.40 trillion in the second quarter of...
-
81
NIBSS NIP Becomes Africa’s First ‘Mature’ Instant Payment System
Nigeria has achieved a major victory on the continental stage as the NIBSS Instant Payment (NIP) platform was declared Africa’s first Instant...
-
48Foreign Reserves Surge to 7-Year High of $46.7b –CBN
Nigeria’s foreign-exchange reserves have climbed to their highest level in seven years, buoyed by renewed investor confidence, stronger oil receipts and sustained...
-
124Nearly $3b Spent on Eurobond Debt Servicing Under Tinubu
The Federal Government has spent about $2.93bn servicing Eurobond debt across eight quarters under President Bola Tinubu, according to an analysis of...
-
118
FG Exceeds 2025 Borrowing Target by 55.6%
The Federal Government (FG) has borrowed N17.36 trillion from domestic and foreign sources in the first 10 months of this year. This...
