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Banking
Nigeria’s Overnight Rate Rises to 22.20% as CBN Liquidity Drain Tightens Market
Nigeria’s overnight lending rate has climbed to 22.20 per cent as tighter liquidity conditions in the banking…
Ghana’s Internet Banking Transactions Surge 80.7% to GH¢383.82bn as Cheque Use…
Ghana’s move towards a cash-lite economy is gathering pace, with internet banking transactions surging to GH¢383.82…
Currency Outside Banks Falls to N4.8tn in July, Lowest in Eight Months
Currency outside Nigerian banks fell to N4.8 trillion in July 2026, its lowest level in eight months, as cash held…
Private Sector Credit Hits N83.43tn Despite High Interest Rates
Nigeria’s private sector credit rose to N83.43tn in July 2026, showing that businesses and other private-sector…
GCB Bank Backs Ghana’s New Non-Interest Finance Framework to Expand Financial…
GCB Bank has thrown its support behind Ghana’s new non-interest finance framework, describing the inauguration of…
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…
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…
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…
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…
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…
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),…
CBN Reports Stronger Loan Demand as Nigerian Banks Record Fewer Defaults in Q2…
Nigeria's banking sector showed renewed strength in the second quarter of 2026 as demand for loans increased while…
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…
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…
Mobile Money Transactions Hit N372tn as Nigeria’s Digital Payments Boom…
Nigeria's digital payment revolution reached a new milestone in 2025 as mobile money transactions soared to N372.14…
Consumer Credit Falls to N3.8 Trillion as Banks Flag Over 13,000 BVNs for Fraud –…
Nigeria's banking sector witnessed a significant shift in 2025 as outstanding consumer credit fell for the first…
CBN Cuts One-Year Treasury Bill Yield as Investors Flood Auction with ₦3.62…
The Central Bank of Nigeria (CBN) has lowered the stop rate on its one-year Treasury Bill after an overwhelming…
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…
Banks collaborate less than cybercriminals, says Bridgforte report
Nigeria's banking sector is facing a growing cybersecurity challenge as financial institutions continue to…
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…
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…
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…
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…
First HoldCo Becomes Nigeria’s Most Valuable Bank, Overtakes Zenith in NGX Market…
First HoldCo has emerged as Nigeria’s most valuable bank on the Nigerian Exchange (NGX), overtaking long-time…
MPC Set to Hold Interest Rate at 26.50% as Inflation Risks and Global Oil Tensions…
Nigeria’s Monetary Policy Committee (MPC) is widely expected to leave the benchmark interest rate unchanged at…
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…
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…
CBN HoldCo Capital Buffer May Force Nigerian Banks to Raise N1.7 Trillion, RenCap…
Nigeria’s banking sector could be heading for another major capital-raising exercise as Renaissance Capital…
Nigeria Overnight Funding Market Hits Record N97.45 Trillion as NOFR Holds Steady…
Nigeria’s overnight funding market reached a historic milestone in June 2026, with total transaction volumes…
CBN Warns Against Rejection of N100 Notes, Confirms Standard and Commemorative…
The Central Bank of Nigeria (CBN) has moved to end growing confusion surrounding the circulation of the N100…