The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks (MFBs), citing failure to meet regulatory requirements for continued operation. In a statement on Wednesday,…
Afreximbank underlines $2.5 billion commitment; syndicated facility consolidates construction debt and positions refinery for next growth phase The African Export-Import Bank has underwritten $2.5 billion of a $4 billion senior…
NDIC says banks' recapitalisation drew ₦4.61tn in fresh capital, as it reveals faster depositor payouts and ₦950bn in remittances. The Nigeria Deposit Insurance Corporation (NDIC) has revealed that the recently…
President Bola Ahmed Tinubu has commended Olayemi Cardoso for leading reforms at the Central Bank of Nigeria (CBN), saying his policies are helping to restore Nigeria's economy for long-term growth.…
The Central Bank of Nigeria (CBN) has introduced new Bank Verification Number (BVN) guidelines set to take effect from May 1, 2026, aimed at strengthening identity security and reducing fraud…
