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Banking
CBN Restricts BDC Access to Forex Market Over Compliance Risks
Nigeria’s apex bank, the Central Bank of Nigeria (CBN), has continued to limit the access of Bureau De Change (BDC)…
CBN Raises ATM Card Issuance Fee to N1,500, Scraps Monthly Maintenance Charge in…
The Central Bank of Nigeria (CBN) has announced a revision to banking charges, increasing the cost of issuing and…
CBN Warns Nigerians Over Rising Cybersecurity Scam Messages Impersonating Bank
The Central Bank of Nigeria (CBN) has raised an alarm over a growing wave of fraudulent messages, emails, and…
FG Borrows N100bn from Unclaimed Funds Trust Account as Domestic Debt Hits…
Nigeria’s Federal Government has raised N100 billion from the Unclaimed Funds Trust Account, a pool of…
CBN Mops Up N4.48 Trillion in Aggressive Liquidity Tightening to Stabilise…
The Central Bank of Nigeria (CBN) has stepped up its liquidity management drive, mopping up a total of N4.48…
CBN Proposes Mandatory Mediation Panel for Loan Disputes Before Court Action in…
The Central Bank of Nigeria (CBN) has introduced a new proposal that could significantly change how lending…
Cash Outside Banks Falls to N5.20 Trillion in February 2026 as Nigeria’s Liquidity…
Nigeria’s cash held outside the banking system declined slightly in February 2026, falling by 0.058% to N5.20…
CBN Warns Banks Against Excessive Risk-Taking After Recapitalisation Drive
The Central Bank of Nigeria (CBN) has cautioned commercial banks against engaging in excessive risk-taking…
Treasury Bills Boost Interest Income for Nigerian Banks by 43% in 2025
Zenith Bank, GTCO, and FirstHoldCo collectively earned N2.85 trillion from Treasury bills in 2025, reflecting a…
African Development Bank Launches $20 Million Green Hydrogen Funding to Boost…
The African Development Bank (AfDB) has announced a $20 million funding initiative aimed at accelerating green…
ADB Posts GH¢367 Million Profit After Tax as Capital Adequacy Ratio Soars to…
Agricultural Development Bank (ADB) PLC has delivered a remarkable financial turnaround, posting a profit after tax…
CBN Bank Recapitalization Set to Boost SMEs and Strengthen Nigeria’s Financial…
The Central Bank of Nigeria (CBN) has confirmed that 33 banks successfully met the revised minimum capital…
Bank Plans GSE Listing as BoG Considers Recapitalisation Deadline Extension
The Bank of Ghana (BoG) has revealed that one of the two banks yet to meet the minimum capital requirement is…
Nigeria’s Banks Face Credit Challenge as Recapitalisation Ends
Nigeria’s banking sector has grown significantly following the Central Bank of Nigeria’s (CBN) sweeping…
Nigeria’s Banking Sector Attracts $13.53 Billion in Foreign Inflows in 2025 Amid…
Foreign capital inflows into Nigeria’s banking sector hit $13.53 billion in 2025, marking a remarkable 93.25%…
Rewiring Nigeria’s Financial System: How the CBN is Stabilizing Banks and…
Nigeria’s financial system entered 2023 under intense pressure, with a weakening naira, rising inflation, and…
32 Nigerian Banks Achieve Recapitalisation Target Ahead of Deadline, Boosting…
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has announced that 32 banks have successfully…
Nigerian Banks Raise N4.61 Trillion in Capital, N1.2 Trillion from Foreign…
Nigerian banks have successfully raised N4.61 trillion in fresh capital as part of the ongoing banking sector…
Nigeria’s Banking System Liquidity Holds Above ₦8 Trillion Despite ₦2.36 Trillion…
Nigeria’s banking system liquidity held steady above ₦8 trillion despite a ₦2.36 trillion Open Market Operations…
CBN Governor Cardoso Urges Stronger Cross-Border Cooperation Among African…
The Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, has called for deeper collaboration among…
CBN Orders IMTOs to Open Naira Settlement Accounts to Boost FX Transparency
The Central Bank of Nigeria (CBN) has directed all International Money Transfer Operators (IMTOs) to open and…
CBN Recapitalisation Deadline: Nigerian Banks Race to Meet March 31 Capital Target
With just days left before the March 31 deadline, Nigerian banks are making a final push to comply with the Central…
CBN Tightens BVN Rules to Curb Fraud, Boost Trust in Nigeria’s Digital Banking…
Nigeria’s financial system is entering a new phase of tighter security as the Central Bank of Nigeria (CBN) moves…
Fintech Association Backs CBN Banking Reforms to Strengthen Security and Trust
The FinTech Association of Nigeria has voiced strong support for recent banking reforms introduced by the Central…
Cash Outside Banks Drops by N198bn as Nigeria’s Money Supply Dips in January 2026
Nigeria saw a significant reduction in cash held outside the banking system in January 2026, with N197.68bn…
Nigeria Banks Deposit N7 Trillion in CBN Amid Persistent Liquidity Surplus
Nigeria’s deposit money banks (DMBs) have parked nearly N7 trillion in excess cash at the Central Bank of Nigeria’s…
Net Foreign Exchange Inflow into Nigeria Drops 18% to $61.3 Billion in 11 Months
Nigeria’s net foreign exchange (forex) inflow fell sharply by 18.3 percent year-on-year to $61.29 billion in the…
CBN Deploys AI-Powered Surveillance to Track Money Laundering in Nigerian Banks
The Central Bank of Nigeria (CBN) has taken a major step to curb financial crime by mandating banks and financial…
Domestic Investors Lead Nigerian Bank Recapitalisation, Driving 72% of Funds
Domestic investors have been the major force behind Nigeria’s ongoing bank recapitalisation programme, contributing…
CBN Withdraws N13.41 Trillion in January 2026 Amid Tight Liquidity Conditions
The Central Bank of Nigeria (CBN) pulled a record N13.41 trillion from the financial system in January 2026, nearly…