Banking & Finance
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198FRC Act Still Operational, Says Reps
The House of Representatives has stated that the Financial Reporting Council Act, 2023 remains operational until amended by the National Assembly. The...
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123Money Supply Dropped to ₦110.3tr in February –CBN
Nigeria’s money supply recorded its first decline in 2025, falling to N110.32tn in February from N110.94tn in January, data from the Central...
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112CBN Strengthens FX Market Surveillance
The Governor, Central Bank of Nigeria (CBN), Olayemi Cardoso, has emphasised the bank’s commitment to intensified surveillance of the foreign exchange (FX)...
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123Nigeria’s Digital Payments, Others to Hit $1.5tr –Report
The digital payments economy in Nigeria and other African countries is projected to hit $1.5tn by the end of this decade, driven...
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140Fed Govt Okays Lagos International Financial Centre
The Federal Government has approved the establishment of the Lagos International Financial Centre (IFC) as part of efforts to position Nigeria as...
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111CBN Plans Fresh Battle Against Forex Speculators as Naira Slides
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, says the apex bank remains resolute in its commitment to maintaining order...
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196Banks Borrow ₦9.2tr from CBN to Fund Operations
Nigerian Deposit Money banks accessed more than N9 trillion to fund operations as the liquidity shortage bit last week. The financial system...
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16865.5% of Nigerians Want Lending Rates to Drop –CBN
A new Household Expectations Survey by the Central Bank of Nigeria (CBN) has revealed that 65.5 per cent of Nigerian households believe...
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205Direct Remittances to Nigeria Totaled $1.92b in 2024
Data obtained from the Central Bank of Nigeria (CBN) has showed that direct remittance inflows into Nigeria totaled $1.92 billion in 2024,...
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145PenCom Fast-tracks Retirement Benefits Payment Process
The National Pension Commission has sped up the payment of retirement benefits as indicated in a new policy directive to licensed pension...
