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Category: Finance

In New Regulatory Masterstroke, CBN Orders Banks, Fintechs to Disclose Beneficial Owners, Localise Payments Data by 2027
FinanceNews

In New Regulatory Masterstroke, CBN Orders Banks, Fintechs to Disclose Beneficial Owners, Localise Payments Data by 2027

NEWS BAR NGJune 17, 2026June 17, 2026

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
FinanceNews

Cardoso Launches Nigeria Overnight Financing Rate to Boost Confidence, Price Discovery, Market Stability

NEWS BAR NGJune 16, 2026

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
FinanceNews

IMF: Nigeria’s Debt Level Sustainable, But Paying 50% of Tax Revenue on Interest Concerning

NEWS BAR NGJune 16, 2026

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
FinanceNews

CBN Moves to Isolate Risks Across Banks, Fintechs, Financial Groups

NEWS BAR NGJune 15, 2026

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
FinanceNews

External Reserves Hit 17-year High of $50.12bn, Grow 30.9% YoY

NEWS BAR NGJune 9, 2026

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
FinanceNews

Gulf Crisis: IMF Plans $50bn Support for Nigeria, Other Vulnerable Nations

NEWS BAR NGApril 16, 2026

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%
FinanceNews

IMF Sees Nigeria’s Growth Rebounding to 4.3% in 2027 Despite 2026 Downgrade to 4.1%

NEWS BAR NGApril 15, 2026

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
FinanceNews

Fidelity Bank Takes Lead in Banking Recapitalisation Drive

NEWS BAR NGApril 13, 2026

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
BusinessFinanceNews

Zenith Bank Maintains Its Leadership Streak With PBT of 1.26trn, Declares 100% Increase In Dividend

NEWS BAR NGApril 8, 2026

Zenith Bank PLC has released its audited group financial results for the full year ended December 31, 2025. The Group’s…

McKinsey: Nigerian Banks’ Revenue Pool to Hit $16bn by 2030 Amid Consolidation Push
FinanceNews

McKinsey: Nigerian Banks’ Revenue Pool to Hit $16bn by 2030 Amid Consolidation Push

NEWS BAR NGApril 1, 2026

Nigeria’s banking industry is on course for a structural transformation that will see market size rise to $16 billion by…

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