Members of the Central Bank of Nigeria’s Monetary Policy Committee (MPC) and private sector experts have raised fresh concerns that political spending ahead of the 2027...
The Central Bank of Nigeria (CBN) has reaffirmed that the standard N100 banknote remains legal tender across the country, following reports that some individuals and businesses...
By Àkànní Olúwaségún Michael The Central Bank of Nigeria (CBN) has drawn a clear line on how long it can suspend certain contractual rights when intervening...
By Àkànní Olúwaségún Michael The naira appreciated by 13.5 per cent against the United States dollar over the past year, closing May 2026 at N1,372/$ in...
The Central Bank of Nigeria (CBN) has extended the enforcement deadline for the mandatory geo-fencing of Point-of-Sale (PoS) terminals to August 1, 2026. With this, the...
By Àkànní Oluwáṣégun Michael Buried in the latest trading data from Nigeria’s Debt Management Office (DMO) is a number worth paying attention to: the country’s short-term...
When the Central Bank of Nigeria’s Monetary Policy Committee (MPC) gathered in Abuja for its 305th meeting, the pressure to raise interest rates again was intense....
By Àkànní Oluwáṣégun Michael The Central Bank of Nigeria on Wednesday retained its benchmark interest rate at 26.5 per cent, as the Monetary Policy Committee (MPC)...
“The economy is already under severe strain. Another rate hike could choke investment, weaken manufacturers, hurt SMEs, and worsen job losses."
The rebound snaps a losing streak that had quietly erased nearly $1.65 billion from Nigeria's external buffer since March
The Central Bank of Nigeria (CBN) has affirmed the capitalisation of Alpha Morgan Bank, marking an important milestone in the Bank’s growth journey and reinforcing its...
Financial institutions in Nigeria are targeting fraud response times of less than 30 minutes as part of industry-wide efforts to combat electronic payment fraud, regulators announced...
The Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) have drawn up a framework to address consumer complaints arising from unsuccessful airtime and...
By Blaise Udunze Nigeria’s banking sector has entered a season of reckoning. Eight of the nation’s biggest banks have collectively booked N1.96 trillion in impairment charges in...
BY BLAISE UDUNZE Nigeria’s banking sector has always stood at the center of the nation’s economic hopes. Yet, instead of fueling growth and wealth creation, the...
BY BLAISE UDUNZE Sixty-five years after independence, Nigeria’s banking sector boasts towering profits and continental reach. Yet behind the glossy numbers lies a sobering truth: banks...
BY Blaise Udunze It is a sobering reality that one South African bank, Standard Bank Group, has a market capitalisation of roughly ZAR 384.34 billion (about...
Activity in the money market stayed firmly in positive territory at the end of week, with liquidity levels comfortably buoyant. Financial system liquidity opened the week...
BY Blaise Udunze Nigeria stands today at a troubling intersection where its ballooning debt profile and the 27 percent Monetary Policy Rate (MPR) collide to choke...
The Centre for the Promotion of Private Enterprise (CPPE) has commended the Central Bank of Nigeria (CBN) for easing credit conditions in the economy, describing the...