Tag: Banking sector

CBN Reports First Consumer Credit Decline In Six Years

Nigeria’s consumer credit fell by 19.89% in 2025 The CBN attributed the…

Isaac Adegboye

Senator Abiru Chairs Senate Committee Meeting with CBN Governor, Reviews Nigeria’s Financial Sector Performance

Senator Adetokunbo Abiru chaired the Senate Committee's first statutory engagement for 2026…

Pitan Oluwadamilola

ICPC, Banks Partner to Fight Money Laundering in Borno

ICPC has partnered with banks to tackle illegal financial activities in Borno…

Isaac Adegboye

South African Inflows To Nigeria Surge To $983m Amid Xenophobic Tensions

South African investment in Nigeria hit $983.83m in Q1 2026, marking a…

 CBN Revokes Licences of 46 Microfinance Banks

CBN Revokes Licences of 46 Microfinance Banks Decision took effect on July…

Praise Ben

FULL LIST: CBN Orders Banks To Freeze Accounts Of Six Terror Financing Suspects

CBN Orders Banks To Freeze Accounts Of Six Terror Financing Suspects Six…

Praise Ben

FG Borrowing Rises 76% to N40.38tn

FG borrowing rose to N40.38 trillion in May Private sector lending recorded…

Isaac Adegboye

CBN Introduces New Benchmark Rate For Money Market

CBN Introduces New Benchmark Rate For Money Market Benchmark aligns Nigeria with…

Praise Ben

‎FX Market ‘Totally Sorted’ Under Tinubu, Elumelu Declares

‎FX Market ‘Totally Sorted’ Under Tinubu, Elumelu Declares ‎Tinubu expressed satisfaction with…

Kehinde

CBN Orders Banks To Withdraw Non Compliant Adverts

CBN Orders Banks To Withdraw Non Compliant Adverts. Institutions must file detailed…

Praise Ben