Banking & Finance
-
299CBN, AU Collaborate on Monetary Integration Agenda
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said the bank will strengthen cooperation with continental partners following Nigeria’s...
-
281FRC Sets April Deadline to Enforce Audit, Assurance Firms’ Register
The Financial Reporting Council of Nigeria (FRC) has warned audit firms and other assurance service providers who fail to complete their registration...
-
222₦1.5tr yet to be Recovered from 50 Failed Banks, 100 MFBs –NDIC
The Nigeria Deposit Insurance Corporation (NDIC) has intensified efforts to recover an estimated N1.5 trillion in outstanding debts and assets trapped in...
-
186CBN Restores FX Access for BDCs, Fixes $150,000 Weekly Ceiling
The Central Bank of Nigeria has moved to recalibrate the retail foreign exchange market, reopening official FX access to licensed Bureau De...
-
272Non-Oil Taxes Drive NRS ₦40.7tr Revenue Ambition
The Nigeria Revenue Service has set an ambitious revenue target of N40.7tn for 2026, banking on stronger non-oil collections, expanded compliance, automation,...
-
141World Bank Cuts CBN Grant to $6.8m
The World Bank has reduced the size of a planned grant to the Central Bank of Nigeria from $10.50m to $6.80m, with...
-
181
Capital Gains Tax Jumps 429% to ₦12.18b
Capital gains tax revenue surged by about 429 per cent in December 2025 to N12.18bn, up from N2.30bn in November, as fresh...
-
77CBN Flags Compliance Costs, Slow Approvals as Fintech Growth Pains
The Central Bank of Nigeria (CBN) has identified high compliance costs and prolonged regulatory approval timelinesas major obstacles slowing the growth of...
-
355Instant Payment Transactions Rise by 120% in 2yrs –CBN
The Central Bank of Nigeria (CBN) has revealed significant growth in the NIBSS Instant Payments Platform (NIP), indicating a 120 per cent...
-
247
Central Bank Tightens Liquidity, Withdraws ₦15tr from Financial System in January
Nigeria’s money market closed the month under sustained liquidity pressure, despite a modest improvement in system balances, as the Central Bank of...
