Insurance companies are struggling to access about N300 billion in fresh capital raised during the recently concluded recapitalisation exercise, as the funds remain with the Central…
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The Central Bank of Nigeria (CBN) is investigating commercial banks accused of restricting customers’ access to funds in their domiciliary accounts. It plans to compel the…
The Central Bank of Nigeria has cut its benchmark interest rate by three percentage points, slashing the Monetary Policy Rate (MPR) from 26.5 per cent to…
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (MPR) from its previous level to 23 per…
The Central Bank of Nigeria (CBN) and the Federal Ministry of Finance have signed a Memorandum of Understanding (MoU) on Monetary-Fiscal Policy Coordination, aimed at tightening…
The Central Bank of Nigeria (CBN) disclosed this in its Credit Condition Survey Report for Q2’26, noting that lenders reported increased credit availability for secured, unsecured,…
The House of Representatives Public Accounts Committee (PAC) has ordered the Office of the Accountant-General of the Federation (OAGF) to submit a full breakdown of outstanding…
Nigerian banks cut lending to oil and gas, ICT and six other key sectors by N5.45 trillion a 14.8 per cent year-on-year drop in 2025 after…
The Central Bank of Nigeria (CBN) has warned businesses and individuals against rejecting the standard N100 note, insisting it remains legal tender alongside the commemorative version…
The Central Bank of Nigeria (CBN) has withdrawn the operating licences of 46 microfinance banks across the country, effective July 1, 2026. The apex bank disclosed…