Banking & Finance
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2.8KCurrency Outside Banks Tapers to ₦4.49tr, Now 90% of Cash in Circulation
Currency outside the formal banking system moderated to N4.49 trillion in June 2025, down from N4.63 trillion in May, though it continued...
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2.7KCBN Promises Sustenance of Financial Sector’s Consumers Protection Initiatives
The Central Bank of Nigeria (CBN), has assured Nigerians that the apex financial institution would sustain various initiatives aimed at boosting the...
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CBN Intensifies Public Sensitisation in Drive for Financial Inclusion
The Central Bank of Nigeria (CBN) has intensified efforts to connect directly with Nigerians through its inaugural “CBN Fair” in Lagos, using...
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2.7KWorld Bank Approves ₦12.88tr Loans to Nigeria in Two Years
The World Bank has approved a total of $8.40bn (N12.89tn) in fresh loans to Nigeria over the past two years, according to...
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2.6KFIRS Begins E-Invoicing for Large Taxpayers
The Federal Inland Revenue Service (FIRS) has commenced an electronic invoicing solution (e-invoicing) aimed at revolutionising tax payment in the country. The...
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2.7KBanks Reduce SLF Patronage as Borrowing from CBN Plummet by 12.84%
Amid excess liquidity in the financial sector, banks and merchant banks borrowing from the Central Bank of Nigeria (CBN) dropped by 12.84...
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2.8KBOI Continues Disbursement of ₦75b MSMEs Intervention Fund
Bank of Industry (BOI) has reiterated its commitment to improving access to affordable financing for the Micro Small and Medium Enterprises (MSMEs) by...
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216Banks Add 2.7m New Accounts as BVN-linked Accounts Rise to 66m
The Nigeria Inter-Bank Settlement System (NIBSS) data has shown that the number of Nigerian bank account owners linked to Bank Verification Number (BVN) hit...
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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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820Severe 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...
