Nigeria’s Money Supply Drops Sightly To N123trn
…as currency outside bank drops 3% •Credit to govt, private sector shrinks Nigeria’s money supply (M²) fell by 0.8 percent month-on-month (MoM) to N123.4 trillion in...
Capital Projects Ongoing, Not Abandoned —Finance Ministry
The Federal Ministry of Finance has clarified that capital projects across Nigeria remain active despite concerns over low cash releases to ministries, departments, and agencies (MDAs)....
CBN Removes Cash Pooling Requirement For IOCs
THE Central Bank of Nigeria (CBN) has removed the Cash Pool requirement for export proceeds of International Oil Companies (IOCs). The decision was conveyed in...
Sterling Bank Charts Way Forward For Nigeria’s Transport, Logistics Sector
Sterling Bank, industry leaders, policymakers, financiers, innovators convened, have charted away forward towards improving Nigeria’s transport and logistics sector. The stakeholder at the inaugural Nigeria...
CBN Tightens Digital Safety Net, Gives Banks And Fintechs 3 Weeks To Boost Cybersecurity Transparency
The Central Bank of Nigeria has directed banks and other financial institutions to submit detailed reports on their cybersecurity frameworks within three weeks, as...
CBN Wraps Up Recapitalisation As 33 Banks Raise N4.65trn
The Central Bank of Nigeria (CBN) has announced the completion of its banking sector recapitalisation programme, revealing that 33 deposit money banks collectively raised...
33 Banks Now Bigger, Stronger
The recent recapitalisation exercise led by the Central Bank of Nigeria, CBN, which saw 33 deposit money banks raise an impressive N44.65 trillion, is...
Why Strengthening Nigeria’s Banks Matters
“The recapitalisation programme has strengthened the capital base of Nigerian banks, reinforcing the resilience of the financial system and ensuring it is well-positioned to...
Dollar To Naira Exchange Rate Today, April 16, 2026
The Nigerian Naira demonstrated a firming trend against the United States Dollar in the early hours of Thursday, April 16, 2026, as increased market...
Recapitalisation: 12 Insurance Firms In Tight Corner
•Regulator insists on the deadline •Some insurers consider scaling down As the July 31 deadline given to insurance companies to meet the recapitalisation requirement draws near, indications...
