Banking & Finance
-
247Nigeria’s $6.83b 2024 Balance of Payment Surplus Signals Economic Revival –CBN
Nigeria recorded a $6.83 billion balance of payments (BoP) surplus in 2024, a strong indicator of renewed economic momentum, according to the...
-
208CBN, Firms Drive FX Inflows to 22-Month High
Despite global trade uncertainties, inflows from local sources rose to a 22-month high, rising by 51 per cent month-on-month (m/m) to $3.11...
-
195
International Payments Facilitated by CBN Hit $497m in February
The Central Bank of Nigeria (CBN) has reported a 17.2 per cent year-on-year (y/y) increase in international payments in February 2025, reaching...
-
309Nigeria’s Debt Servicing Rises 68% to ₦13tr
Nigeria spent a total of N13.12tn on debt servicing in 2024, representing a 68 per cent increase from the N7.8tn recorded in...
-
248Recapitalisation: 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...
-
196FG 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...
-
192World 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...
-
182
CBN 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...
-
231
FRC 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...
-
236Money 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...
