Banking & Finance
-
217CBN Slashes FG Loans by Over ₦4tr
The Central Bank of Nigeria recorded a significant decline of N4.145tn in net loans and receivables in 2024, driven primarily by a...
-
371CBN, CREDICORP Push for Nigeria Credit Reporting Overhaul Amid Loan Defaults
Nigeria’s financial regulators are pushing for a major shake-up of the nation’s credit reporting regime as concerns mount over the rising tide...
-
267
CBN Unveils New Platform, Eyes $1b Monthly Diaspora Remittances
The Central Bank of Nigeria, in collaboration with the Nigeria Inter-Bank Settlement System, has launched the Non-Resident Bank Verification Number platform, an...
-
194
CBN Cracks Down on Scammers Flaunting Fake Contracts, Warns Public
To protect Nigerians from financial fraud, the Central Bank of Nigeria (CBN) has issued a fresh advisory warning the public about the...
-
197Nigeria Taps Additional $215m W’Bank Loan for Palliatives
The World Bank has disbursed additional funds to Nigeria under the $800m National Social Safety Net Programme-Scale Up, raising the total amount...
-
219Nigeria Removed from List of Countries Indebted to IMF
International Monetary Fund (IMF) has removed Nigeria from its list of debtor-countries. In a report titled: ‘Total IMF Credit Outstanding – Movement...
-
125Afreximbank to Fund African Energy Bank with $19b in Bid to Raise Oil Industry Capacity
The African Export Import Bank (Afreximbank) would be funding the African Energy Bank (AEB) to the tune of $19 billion to increase...
-
213Naira Printing Costs Skyrocket by 306%
The Central Bank of Nigeria spent N315.18bn on currency issue expenses in 2024, marking a sharp increase of 306 per cent compared...
-
158CBN Committed to Long-term Stability, Financial Inclusion –Cardoso
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has reiterated the apex bank’s commitment to promoting long-term economic stability, financial...
-
192AfDB Approves $650m Annual Commitment to Boost Economic Growth
The Board of Directors of the African Development Bank Group (AfDB) has approved a new Country Strategy Paper (CSP) for Nigeria covering...
