CBN Urged to Tighten Oversight of Fintech, Cloud and Digital Risks
The Central Bank of Nigeria has been urged to widen its regulatory oversight beyond banks and financial institutions to include…
Category: Banking
China Chengxin Affirms Afreximbank’s AAA Rating, Citing Strong Financial Position
China Chengxin International Credit Rating Co. Ltd. (CCXI) has reaffirmed the African Export-Import Bank’s (Afreximbank) AAA issuer credit rating, keeping…
CBN Urges Nigerians to Embrace Digital Payments for Greater Financial Inclusion
The Central Bank of Nigeria (CBN) has called for wider adoption of digital and alternative payment channels as part of…
CBN Policy Change Sends OMO Demand Soaring to N6.01tn as Investors Rush In
The Central Bank of Nigeria’s (CBN) decision to widen access to Open Market Operation (OMO) securities has triggered a sharp…
Recapitalisation Set to Boost Bank Lending and Tech Investment in H2 2026
Nigeria’s banking sector is entering the second half of 2026 with a stronger financial foundation, following the completion of the…
CBN lifts restrictions on FX discount window access
The Central Bank of Nigeria (CBN) has relaxed rules governing banks’ access to its Standing Lending Facility (SLF), commonly known…
CBN Reports Stronger Loan Demand as Nigerian Banks Record Fewer Defaults in Q2 2026
Nigeria’s banking sector showed renewed strength in the second quarter of 2026 as demand for loans increased while default rates…
We’ve started paying depositors of 46 microfinance banks — NDIC
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the reimbursement of customers affected by the recent closure of 46 microfinance…
CBK Set to Hold Interest Rates Steady as Inflation Eases and Economic Growth Slows
The Central Bank of Kenya (CBK) is widely expected to maintain its benchmark interest rate at its August 2026 Monetary…
Mobile Money Transactions Hit N372tn as Nigeria’s Digital Payments Boom Accelerates – CBN
Nigeria’s digital payment revolution reached a new milestone in 2025 as mobile money transactions soared to N372.14 trillion, marking an…
Consumer Credit Falls to N3.8 Trillion as Banks Flag Over 13,000 BVNs for Fraud – CBN Report
Nigeria’s banking sector witnessed a significant shift in 2025 as outstanding consumer credit fell for the first time in six…
CBN Cuts One-Year Treasury Bill Yield as Investors Flood Auction with ₦3.62 Trillion Bids
The Central Bank of Nigeria (CBN) has lowered the stop rate on its one-year Treasury Bill after an overwhelming response…
Cardoso Predicts Lower Interest Rates as CBN Reforms Strengthen Nigeria’s Economy
Nigeria’s high interest rates may not remain for much longer, according to Central Bank of Nigeria (CBN) Governor Olayemi Cardoso,…
Banks collaborate less than cybercriminals, says Bridgforte report
Nigeria’s banking sector is facing a growing cybersecurity challenge as financial institutions continue to collaborate less effectively than the criminal…
Banks Urged to Boost Financial Inclusion and MSME Growth
The Chartered Institute of Bankers of Nigeria (CIBN) and the Association of Corporate Communication and Marketing Professionals in Banks (ACAMB)…
Fraud Watchlist Surges 38% as Nigerian Banks Flag Over 13,000 BVNs in 2025
Nigeria’s banking industry has intensified its fight against financial fraud, with the number of Bank Verification Numbers (BVNs) placed on…
Nigeria’s consumer credit falls to N3.8 trillion, first decline in six years
Nigeria’s consumer credit recorded its first annual decline in six years, falling to ₦3.78 trillion in 2025 from ₦4.72 trillion…
Microfinance Banks Seek Federal Govt’s Intervention, Regulatory Support
Microfinance banks in Nigeria have renewed their call for greater support from the federal government and monetary authorities, saying increased…
First HoldCo Becomes Nigeria’s Most Valuable Bank, Overtakes Zenith in NGX Market Capitalisation Race
First HoldCo has emerged as Nigeria’s most valuable bank on the Nigerian Exchange (NGX), overtaking long-time market leader Zenith Bank…
MPC Set to Hold Interest Rate at 26.50% as Inflation Risks and Global Oil Tensions Persist
Nigeria’s Monetary Policy Committee (MPC) is widely expected to leave the benchmark interest rate unchanged at 26.50 per cent when…
Banking Stocks Surge 9.3% as Recapitalisation Sparks Investor Confidence on NGX
Renewed investor confidence in Nigeria’s banking sector fueled a strong rally in banking stocks last week, with the sector index…
CBN Capital Rules Could Trigger N972bn Equity Rush for Nigerian Banks
Nigeria’s banking sector could be on the verge of a massive capital-raising exercise as new proposals from the Central Bank…
CBN HoldCo Capital Buffer May Force Nigerian Banks to Raise N1.7 Trillion, RenCap Warns
Nigeria’s banking sector could be heading for another major capital-raising exercise as Renaissance Capital (RenCap) has warned that the Central…
Nigeria Overnight Funding Market Hits Record N97.45 Trillion as NOFR Holds Steady at 22%
Nigeria’s overnight funding market reached a historic milestone in June 2026, with total transaction volumes climbing to a record N97.45…
CBN Warns Against Rejection of N100 Notes, Confirms Standard and Commemorative Versions Remain Valid
The Central Bank of Nigeria (CBN) has moved to end growing confusion surrounding the circulation of the N100 banknote, reaffirming…
CBN Data Localisation Drive Opens New Opportunities as Galaxy Backbone Targets Banks, Fintechs
As Nigeria pushes for greater control over its financial data, Galaxy Backbone (GBB) is positioning itself as a key partner…
Nigeria’s Banking Assets Surge to N180.37 Trillion as Financial Sector Powers Economic Growth
Nigeria’s financial sector is showing remarkable strength, with deposit money banks recording total assets of N180.37 trillion, equivalent to 41.8…
CBN Targets N5.8 Trillion Treasury Bill Sales in Q3 as Maturing Securities Hit N2.64 Trillion
The Central Bank of Nigeria (CBN) is set to significantly ramp up its liquidity management efforts in the third quarter…
CBN Revokes Licences of 46 Microfinance Banks Over Regulatory Violations
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks across the country, citing their…
Nigeria’s Consumer Credit Drops to N3.03 Trillion as Retail Loans Crash 42%
Nigeria’s consumer credit market suffered a major setback in February 2026, with total outstanding consumer loans dropping sharply to N3.03…