Banking & Finance
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2.5KBanks Halt Instant Alerts for Cheques Pending Clearance
In compliance with a recent directive from the Central Bank of Nigeria (CBN), banks have begun suspending instant transaction alerts for cheques...
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804Severe Credit Constraints Crippling Manufacturers –NCGC
The Federal Government has reiterated its determination to bridge the credit gap for Micro, Small and Medium enterprises (MSMEs), local manufacturers and...
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2.5KNigeria’s Financial System Stable, Reforms Irreversible –Cardoso
As global headwinds torment financial markets, the Central Bank of Nigeria (CBN) Governor, Yemi Cardoso, has asked anxious Nigerians and the international...
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2.4KHigh Interest Rates Now Nigeria’s Biggest Business Threat –CBN
Businesses across Nigeria are feeling the squeeze of rising borrowing costs, with high interest rates emerging as the most pressing constraint to...
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2.6KFG Gets Fresh $500m World Bank Loan to Finance Electricity
In spite of the N4 trillion debt owed the electricity sector, the Federal Government has again obtained a $500 million loan from...
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2.6K₦923b Withdrawn from Banks in One Year –CBN
The Central Bank of Nigeria has disclosed that bank customers withdrew a total of N923.16bn from bank vaults between May 2024 and...
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2.6KForbearance Exposure: CBN Directs Banks to Submit Capital Restoration Plans
The Central Bank of Nigeria has directed banks to submit a capital restoration plan as part of regulatory efforts to support the...
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2.6KCurrency in Circulation Rises to ₦5.01tr, Cash Outside Banks Now ₦4.63tr
Currency in circulation (CIC) in Nigeria climbed to N5.015 trillion in May 2025, marking a modest increase from N5.003 trillion in April,...
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2.9K
Banks’ Deposits with CBN Soar 907% to ₦68.9tr
Banks have increased their deposit with the Central Bank of Nigeria, CBN, by 907.3 percent Year-on-Year, YoY, to N68.9 trillion in the...
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711CBN Posts $3.73b Current Account Surplus in Q1
Nigeria recorded a current account surplus of $3.73 billion in the first quarter of 2025, buoyed by a strong rebound in the...
