Banking & Finance
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116World Bank Approves $2.2b Fresh Loans for Nigeria
The federal government is expected to receive fresh loans from the World Bank, totalling $2.2 billion in 2025. According to the Washington-based...
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129Banks‘ll be Liable for Failure to Protect Customers Data –FCCPC
In bid to strengthen compliance as well as protect consumers’ rights, the Federal Competition and Consumer Protection Commission (FCCPC) at the Weekend...
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136Currency in Circulation Hits Record High of ₦5.24tr, Now 90.4% of Cash Outside Banks
The total currency in circulation in Nigeria surged to an all-time high of N5.24 trillion in January 2025, marking a 43.5 per...
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168NDIC Charges External Solicitors on Debt Recovery
The Nigeria Deposit Insurance Corporation has charged its external solicitors to be diligent in aiding the corporation to achieve its mandate of...
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119CBN Probes 19.7 million Dormant Bank Accounts
The number of dormant bank accounts in Nigeria is over 19.69 million, according to the industry customer account database released by the...
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61Money Supply Hits ₦110.9tr as MPC Meets
Nigeria’s broad money supply (M3) rose to N110.98tn in January 2025, representing a 17.3 per cent year-on-year increase from N94.61tn recorded in...
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132CBN Orders Bank Directors with Bad Loans to Resign
The Central Bank of Nigeria (CBN) has directed bank directors with non-performing, insider-related loans to immediately resign from their positions. Insider loans...
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134Banks Must Make Cash Available in ATMs –CBN
The Central Bank of Nigeria has urged banks to ensure that their customers have access to cash at their Automated Teller Machines...
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161FX Gap Narrows to 4.5% Amid Financial Reforms
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said that Nigeria’s foreign exchange (FX) gap has significantly narrowed...
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119Personal Loans Rose to ₦3.3tr in November –CBN
Nigeria’s personal loan portfolio rose by 37.76 per cent to N3.32tn in November 2024, according to the latest monthly report by the...
