Banking & Finance
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132Recapitalisation: Banks Have So Far Raised ₦2.4tn Through Capital Market –SEC DG
Nigerian banks have so far raised N2.4 trillion through the capital market in the ongoing recapitalisation of the banking sector directed by...
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167FG Seeks Fresh $10.50m W’Bank Loan
Nigeria has approached the World Bank for a fresh $10.50m loan to enhance the Central Bank of Nigeria’s technical capacity and modernise...
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161World Bank Okays $1.08b for Education, Others in Nigeria
The World Bank has approved three funding operations for Nigeria, totaling $1.08 billion in concessional financing. These initiatives aim to improve quality...
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127CBN Refutes New ₦5,000, ₦10,000 Banknotes Report
The Central Bank of Nigeria declared as fake a report that it had introduced new N5,000 and N10,000 banknotes. In a post...
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206FRC 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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148Money 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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123
CBN 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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133Nigeria’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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151Fed 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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122CBN 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...
