CBN Tightens BVN Rules to Curb Fraud, Boost Trust in Nigeria’s Digital Banking System
Nigeria’s financial system is entering a new phase of tighter security as the Central Bank of Nigeria (CBN) moves to…
Category: Banking
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 Bank of Nigeria…
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 returning to formal…
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 (CBN)…
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 eleven months ending…
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 approximately 72% of the total funds…
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 five…
Nigerian Private Sector Credit Slides to N75.24 Trillion in January 2026 Amid Tight Lending Conditions
Nigerian banks’ lending to the private sector dipped to N75.24 trillion in January 2026, down from N75.83 trillion in December…
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 N123.4 trillion from N124.4…
Banks Disburse N36.4tn to Trade Sector as Rate Cut Sparks Fresh Credit Expectations
Nigerian deposit money banks disbursed N36.39 trillion to the Trade and General Commerce sector between January and September 2025, marking…
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 of a…
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 still working to…
Banks Raise N4tn Ahead of CBN Recapitalisation Deadline, Boosting Investor Confidence
Nigerian banks have successfully raised N4.05 trillion in verified and approved capital as they approach the March 31, 2026, recapitalisation…
Bank Recapitalisation Could Bridge $120B African Trade Finance Gap, Says Afreximbank
Afreximbank has advised the Nigerian government to use ongoing bank recapitalisation as a strategic tool to address Africa’s $80–120 billion…
Banks Rush to Complete Mergers and Acquisitions Ahead of CBN March 31 Recapitalisation Deadline
Nigeria’s banking sector is entering a high-stakes phase as the Central Bank of Nigeria’s (CBN) March 31 recapitalisation deadline looms.…
CBN Imposes Up to N10 Million Fines for Cheque Security Violations in Nigeria Focus Keyphrase:
The Central Bank of Nigeria (CBN) has announced a major overhaul of penalties for banks and cheque printers that breach…
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…
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 it a crucial step…
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 Non-Interest…
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…
BoG and Bank of Rwanda Launch Fintech Passport to Boost Cross-Border Payments in Africa
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 Financial Ties
United Bank for Africa (UBA) has named Loknath Mishra as the new Chief Executive Officer of its United Kingdom subsidiary,…
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 of Sovereign Risk Exposure
Government securities now account for about 11 per cent of Nigerian banks’ total assets, highlighting years of constrained credit extension…
Profit Up 29%, Rating Down to Junk: The Afreximbank Paradox
Africa’s largest trade finance institution, Afreximbank, is in the spotlight after Fitch Ratings downgraded the bank to junk status on…
CBN Fintech Survey Signals Shift in Regulatory Approach to Nigeria’s Digital Finance Sector
The Central Bank of Nigeria (CBN) is set to release a landmark fintech survey report on Monday, February 2, offering…
FCMB Records N177bn Profit in 2025, Driven by Strong Lending and Fee Income
FCMB Group Plc has announced a remarkable profit after tax of N177 billion for the year ended December 31, 2025,…
Fitch Downgrades Afreximbank to High Risk Over Ghana Debt Deal, Ends Rating Coverage
Fitch Ratings has downgraded the African Export-Import Bank (Afreximbank) to a high-risk profile, citing concerns arising from the bank’s involvement…
Private Sector Credit Rises to N75.8 Trillion in December 2025 as CBN Policies Begin to Bite
Private sector credit in Nigeria climbed to N75.8 trillion in December 2025, up from N74.63 trillion in November, according to…