Nigeria’s small business sector could be on the brink of a major funding shake-up, as the Central Bank of Nigeria (CBN) signals plans to overhaul and recapitalise key financial institutions
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Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), has reassured that Nigeria’s economy is well-positioned to withstand potential shocks from the ongoing US-Iran-Israel conflict and its ripple effects
ASN Urges Coordinated Regulatory Framework to Harness Stablecoins for Trade Efficiency The Africa Stablecoin Network (ASN) has thrown its weight behind Olayemi Cardoso of the Central Bank of Nigeria, advocating
Central bank admits shortfall despite agent banking surge and digital finance push Nigeria has fallen short of its ambitious financial inclusion target, with only 74 per cent of the adult
Anger is mounting among Nigerian bank customers following allegations that commercial banks are deducting double stamp duty charges on electronic transfers, barely weeks after the country’s new tax laws came
The Central Bank of Nigeria (CBN) has announced the removal of cash deposit limits and increased the weekly cash withdrawal threshold for individuals to N500,000, up from the previous N100,000.
Nigeria’s economy continued its steady recovery in October 2025, expanding for the eleventh consecutive month, according to the Central Bank of Nigeria’s (CBN) Purchasing Managers’ Index (PMI). The composite PMI
Central Bank of Nigeria (CBN) Governor, Yemi Cardoso, has emphasized that Nigeria does not need to persuade investors to commit capital if the country maintains strong macroeconomic fundamentals. Speaking at
Nigeria’s net domestic credit (NDC) has dropped by 12.8% year-on-year to ₦98.97 trillion in August 2025, according to the latest money and credit report released by the Central Bank of
The Central Bank of Nigeria (CBN) has lowered its benchmark interest rate for the first time in more than three years, cutting the Monetary Policy Rate (MPR) from 27.5% to