Banking & Finance
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406CBN Restores FX Access for BDCs, Fixes $150,000 Weekly Ceiling
The Central Bank of Nigeria has moved to recalibrate the retail foreign exchange market, reopening official FX access to licensed Bureau De...
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701Non-Oil Taxes Drive NRS ₦40.7tr Revenue Ambition
The Nigeria Revenue Service has set an ambitious revenue target of N40.7tn for 2026, banking on stronger non-oil collections, expanded compliance, automation,...
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298World Bank Cuts CBN Grant to $6.8m
The World Bank has reduced the size of a planned grant to the Central Bank of Nigeria from $10.50m to $6.80m, with...
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552
Capital Gains Tax Jumps 429% to ₦12.18b
Capital gains tax revenue surged by about 429 per cent in December 2025 to N12.18bn, up from N2.30bn in November, as fresh...
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245CBN Flags Compliance Costs, Slow Approvals as Fintech Growth Pains
The Central Bank of Nigeria (CBN) has identified high compliance costs and prolonged regulatory approval timelinesas major obstacles slowing the growth of...
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544Instant Payment Transactions Rise by 120% in 2yrs –CBN
The Central Bank of Nigeria (CBN) has revealed significant growth in the NIBSS Instant Payments Platform (NIP), indicating a 120 per cent...
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622
Central Bank Tightens Liquidity, Withdraws ₦15tr from Financial System in January
Nigeria’s money market closed the month under sustained liquidity pressure, despite a modest improvement in system balances, as the Central Bank of...
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426CBN Deepens Partnership with DFIs to Stabilise Banking Sector
As part of efforts to deepen partnerships with development finance institutions (DFIs) and strengthen the nation’s banking sector, the Central Bank of...
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250CBN to Tighten Rules on Debit Cards, ATMs to Ease Cash Crunch
The Central Bank of Nigeria (CBN) has unveiled plans to roll out a fresh regulatory framework to streamline debit card issuance and...
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247₦25.85b Lost to Bank Fraud Last Year
Banks loss N25.85b to fraud last year, the Nigeria Interbank Settlement System (NIBSS) Plc has said in a data. The figure, the...
