Cardoso: Nigeria’s Net Foreign Reserves Has Surpassed $40bn
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, yesterday disclosed that Nigeria’s net foreign reserves have…
Category: Finance
In New Regulatory Masterstroke, CBN Orders Banks, Fintechs to Disclose Beneficial Owners, Localise Payments Data by 2027
Central Bank of Nigeria (CBN) has ordered banks, fintechs, and other payment service providers to disclose their ultimate beneficial owners,…
Cardoso Launches Nigeria Overnight Financing Rate to Boost Confidence, Price Discovery, Market Stability
Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, yesterday launched the Nigeria Overnight Financing Rate (NOFR) to…
IMF: Nigeria’s Debt Level Sustainable, But Paying 50% of Tax Revenue on Interest Concerning
International Monetary Fund (IMF) yesterday stated that although Nigeria’s debt remained sustainable and the country faced no high risk of…
CBN Moves to Isolate Risks Across Banks, Fintechs, Financial Groups
The Central Bank of Nigeria (CBN) has unveiled sweeping proposals aimed at isolating risks across banks, fintechs and other closely…
External Reserves Hit 17-year High of $50.12bn, Grow 30.9% YoY
Nigeria’s external reserves have risen to $50.12 billion, marking their highest level in more than 17 years and highlighting a…
Gulf Crisis: IMF Plans $50bn Support for Nigeria, Other Vulnerable Nations
The International Monetary Fund (IMF) disclosed yesterday that it was preparing a potential $50 billion support package aimed at cushioning…
IMF Sees Nigeria’s Growth Rebounding to 4.3% in 2027 Despite 2026 Downgrade to 4.1%
The International Monetary Fund (IMF), in its latest World Economic Outlook (WEO) 2026, released yesterday, revised Nigeria’s growth projection downward…
Fidelity Bank Takes Lead in Banking Recapitalisation Drive
As the Central Bank of Nigeria’s (CBN) recapitaliSation exercise came to an end March 31, 2026, most banks operating in…
Zenith Bank Maintains Its Leadership Streak With PBT of 1.26trn, Declares 100% Increase In Dividend
Zenith Bank PLC has released its audited group financial results for the full year ended December 31, 2025. The Group’s…