Banking & Finance
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177World 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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160CBN 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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218FRC 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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190Money 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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137
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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150Nigeria’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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167Fed 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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140CBN 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...
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286Banks Borrow ₦9.2tr from CBN to Fund Operations
Nigerian Deposit Money banks accessed more than N9 trillion to fund operations as the liquidity shortage bit last week. The financial system...
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18965.5% of Nigerians Want Lending Rates to Drop –CBN
A new Household Expectations Survey by the Central Bank of Nigeria (CBN) has revealed that 65.5 per cent of Nigerian households believe...
