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Banking
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…
Nigerian Private Sector Credit Slides to N75.24 Trillion in January 2026 Amid…
Nigerian banks’ lending to the private sector dipped to N75.24 trillion in January 2026, down from N75.83 trillion…
Nigeria’s Money Supply Falls to N123 Trillion as Bank Liquidity Tightens
Nigeria’s money supply (M²) experienced a slight decline in January 2026, falling 0.8 percent month-on-month to…
Banks Disburse N36.4tn to Trade Sector as Rate Cut Sparks Fresh Credit…
Nigerian deposit money banks disbursed N36.39 trillion to the Trade and General Commerce sector between January and…
N5tn Bank Recapitalisation Set to Transform Nigeria’s Financial Sector
Nigeria’s banking sector is poised for a major transformation as the Central Bank of Nigeria (CBN) nears completion…
Bank Recapitalisation Deadline Puts 13 Nigerian Lenders at Risk of Mergers
With the March 31 recapitalisation deadline fast approaching, pressure is mounting on at least 13 Nigerian banks…
Banks Raise N4tn Ahead of CBN Recapitalisation Deadline, Boosting Investor…
Nigerian banks have successfully raised N4.05 trillion in verified and approved capital as they approach the March…
Bank Recapitalisation Could Bridge $120B African Trade Finance Gap, Says…
Afreximbank has advised the Nigerian government to use ongoing bank recapitalisation as a strategic tool to address…
Banks Rush to Complete Mergers and Acquisitions Ahead of CBN March 31…
Nigeria’s banking sector is entering a high-stakes phase as the Central Bank of Nigeria’s (CBN) March 31…
CBN Imposes Up to N10 Million Fines for Cheque Security Violations in Nigeria…
The Central Bank of Nigeria (CBN) has announced a major overhaul of penalties for banks and cheque printers that…
CBN Imposes N10 Million Fine on Banks Using Unaccredited Cheque Printers
The Central Bank of Nigeria (CBN) has taken a firm stand on cheque security by imposing a N10 million fine on…
World Bank Endorses Nigeria’s Bank Recapitalisation to Boost Private Sector Growth
The World Bank has applauded the Central Bank of Nigeria’s (CBN) ongoing banking sector recapitalisation, calling…
BoI Receives CBN Approval to Launch Non-Interest Banking Window in Nigeria
The Bank of Industry (BoI) has received regulatory approval from the Central Bank of Nigeria (CBN) to operate a…
World Bank Cuts CBN Grant to $6.8m, Approval Set for March
The World Bank has reduced a proposed grant to the Central Bank of Nigeria (CBN) from $10.50m to $6.80m, with board…
BoG and Bank of Rwanda Launch Fintech Passport to Boost Cross-Border Payments in…
The Bank of Ghana (BoG) and the Bank of Rwanda are taking a major step toward enhancing financial integration in…
UBA Appoints Loknath Mishra as CEO of UK Subsidiary to Strengthen Africa-Global…
United Bank for Africa (UBA) has named Loknath Mishra as the new Chief Executive Officer of its United Kingdom…
Jaiz Bank Earnings Surge to N31.04bn on Strong Financing and Investment Growth
Jaiz Bank Plc has reported a significant rise in its earnings, posting a profit of N31.04bn for the 2025 financial…
Government Securities Now Make Up 11% of Nigerian Banks’ Assets — S&P Warns…
Government securities now account for about 11 per cent of Nigerian banks’ total assets, highlighting years of…