Banking & Finance
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458NIBSS: BVN Enrolment Gains Momentum, Nears 70m
Nigerians’ appetite for stronger digital identity protection has pushed Bank Verification Number (BVN) enrolments to 69,972,475 as of August 23, edging closer...
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507CBN Pushes Wider Adoption of Digital Payment Channels
The Central Bank of Nigeria has called for greater adoption of alternative payment channels to expand access to financial services and stimulate...
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384CBN: Our Monetary Reforms Have Strengthened Economy
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said the economy of the country has been strengthened due...
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1.0KNIBSS’s Payment System Records 26.55m Transactions Worth ₦1.4tr
The Nigeria Inter-Bank Settlement System (NIBSS) has announced that its newly introduced National Payment Stack (NPS) has processed 26.55 million transactions valued...
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269Banks Park ₦83.95tr with CBN as Liquidity Rises
Nigerian banks significantly increased the amount of funds placed with the Central Bank of Nigeria through its Standing Deposit Facility in July,...
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541
CBN Pivots Nigeria toward Regulated Digital Asset Market
Central Bank of Nigeria is set to play a central role in a new regulatory framework aimed at bringing the country’s fast-growing...
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258Banks’ Maximum Lending Rate Drops to 33.16%
Nigeria’s average maximum lending rate eased to 33.16 per cent in June 2026, down from 34.78 per cent in May, reflecting a...
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606CBN Unveils Centralised System to Track BDC Transactions
The Central Bank of Nigeria has introduced a comprehensive real-time monitoring framework for Bureau De Change operators, unveiling a centralised transaction-tracking platform...
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439European Bank for Reconstruction Targets $1.5b Investment In Nigeria in 3 Years
The European Bank for Reconstruction and Development (EBRD) has unveiled plans to invest at least $1.5 billion in Nigeria over the next...
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412
CBN Limits Contract Suspension for Banks Under Supervision to 2 Days
The Central Bank of Nigeria (CBN) has issued a new regulatory guidance limiting the suspension of payment obligations and contractual termination rights...
