37 h. ago Power sector: FG seeks $500m World Bank loan to reset DisCos

From Isaac Anumihe, Abuja Following the poor performance of the power sector, Federal Government has disclosed that it is working with the World Bank to assess a loan facility of $500 million to reset the distribution side (DIsCos). Speaking to newsmen in Abuja, Director General (DG) of Bureau of Public Enterprises (BPE), Mr Ayodeji Ariyo […] The post Power sector: FG seeks $500m World Bank loan to reset DisCos appeared first on The Sun Nigeria.

Politics

40 h. ago Afrinvest marks 30 years, to unveil 20th Banking Sector Report

Afrinvest (West Africa) Limited will this month commemorate its 30th anniversary with the launch of the 20th edition of its read more Afrinvest marks 30 years, to unveil 20th Banking Sector Report

Politics

44 h. ago Manufacturing sector sees decline in credit utilisation —Investment Banker

Tribune Online Manufacturing sector sees decline in credit utilisation —Investment Banker The manufacturing sector’s share of total credit utilization fell to 13.1 percent in the first quarter of 2025, representing N7.7 trillion, down from N8.5 trillion in the fourth quarter of 2024. Investment bankers attribute the decline to accelerated loan repayments, delayed capital projects, and the high-interest rate environment that continues to weigh on borrowing appetite. […] Manufacturing sector sees decline in credit utilisation —Investment Banker Tribune Online

Politics

47 h. ago Afrinvest Unveils 20th Edition Of Nigerian Banking Sector Report

In celebrating its 30th anniversary, Afrinvest (West Africa) Limited will unveil the 20th edition of its flagship Nigerian Banking Sector Report. The report, themed ‘ACT-BOLD: Turbocharging Nigeria to A New Growth Frontier’, highlights the need for extraordinary reforms and strategic investments to position Nigeria as a competitive player in the global economy. Speaking ahead of […]

Politics

51 h. ago CBN creates new unit to tackle bank risks, protect customers

Tribune Online CBN creates new unit to tackle bank risks, protect customers The Central Bank of Nigeria (CBN) has set up a new Compliance Department to improve supervision of financial institutions and strengthen the fight against risks in the banking sector. The department, which started operations in the second quarter of 2025, will now handle areas that were previously managed by different CBN units. According to Olubunmi […] CBN creates new unit to tackle bank risks, protect customers Tribune Online

Economics

4 d. ago CBN Strengthens Regulatory Oversight With Compliance Department

The Central Bank of Nigeria (CBN) has announced the establishment of a dedicated Compiance Department as part of ongoing reforms to enhance regulatory effectiveness and streamline supervisory responsibilities. According to a circular signed by Olubunmi Ayodele-Oni, the new department was created in the first quarter of 2025 with full operational responsibilities commencing in the second […]

Politics

5 d. ago CBN strengthens banking sector surveillance with new compliance department

The Central Bank of Nigeria (CBN) has established a dedicated Compliance Department as part of efforts to enhance regulatory oversight read more CBN strengthens banking sector surveillance with new compliance department

Politics

9 d. ago Naira strengthens as CBN confirms $600m monthly forex inflows

Tribune Online Naira strengthens as CBN confirms $600m monthly forex inflows The naira gained ground on Friday, August 29, closing at N1,531.57 per dollar in the Nigerian Foreign Exchange Market (NFEM), up from N1,535.47 per dollar the previous day. This represents an appreciation of N4.47 for the local currency. Data from the Central Bank of Nigeria (CBN) showed that the exchange rate improvement also narrowed the […] Naira strengthens as CBN confirms $600m monthly forex inflows Tribune Online

Politics

1 week ago CBN, Brazil central bank strengthen ties on fintech, financial stability, remittances

Olayemi Cardoso, governor, Central Bank of Nigeria (CBN), has engaged in high-level talks with his Brazilian counterpart, Gabriel Muricca Galípolo, read more CBN, Brazil central bank strengthen ties on fintech, financial stability, remittances

Politics

1 week ago Banks face capital discipline tests as CBN’s grace window narrows

By Chinwendu Obienyi As Nigeria’s banking sector races toward the end of the Central Bank of Nigeria’s (CBN) regulatory forbearance regime, a new signal from Fitch Ratings has underlined the high stakes for lenders still struggling to meet prudential requirements. CBN forbearance is basically a temporary relief or waiver that it gives to banks (and […] The post Banks face capital discipline tests as CBN’s grace window narrows appeared first on The Sun Nigeria.

Politics

1 week ago Nigerian Banks’ Bad Loans To Rise After Forbearance Ends, Fitch Warns

Fitch Ratings has raised concerns that the expiry of longstanding systemwide forbearance by mid-2025 will push up impaired loan ratios in Nigeria’s banking sector, exerting fresh pressure on capital adequacy. In its latest commentary on Nigerian banks, the international rating agency said the expiry of longstanding systemwide forbearance at the end of 1h25 will lead […]

Events

2 w. ago PremiumTrust Bank Meets N200bn Capital Requirement For National Commercial Banks; Reinforcing Its Leadership As Nigeria’s Fastest

PremiumTrust Bank is delighted to announce that it has met the N200 billion minimum capital requirement for National Commercial Banks well ahead of March 2026 deadline set by the Central Bank of Nigeria (CBN) through a successful capital raise of Rights Issue and Private placement offerings, as part of the ongoing banking sector recapitalization exercise. […]

Politics

2 w. ago Justice increasingly becoming purchasable commodity in Nigeria — Sultan

Tribune Online Justice increasingly becoming purchasable commodity in Nigeria — Sultan Malema cautions African nations against debt-trap loans from World Bank, IMF • Law conscience of the nation, justice sector reform cornerstone of our administration — Mbah Sultan of Sokoto and chairman of the Northern Traditional Rulers, Muhammad Sa’ad Abubakar III, has warned that justice in Nigeria is increasingly becoming a “purchasable commodity” where the poor […] Justice increasingly becoming purchasable commodity in Nigeria — Sultan Tribune Online

Politics

3 w. ago ECOWAS Bank Secures India EXIM Bank’s $40m Credit Line For Africa’s Devt Projects

The ECOWAS Bank for Investment and Development (EBID) has secured a $40 million commercial credit line from the Export-Import Bank of India (India Exim Bank) to support private sector transformation in West Africa. This partnership aims to bridge the infrastructure gap, drive sustainable economic growth, and promote regional economic integration. The president and chairman of […]

Politics

last month CBN deepens recapitalisation drive to build stronger, globally competitive banks

Tribune Online CBN deepens recapitalisation drive to build stronger, globally competitive banks The Central Bank of Nigeria (CBN) has reaffirmed its commitment to ensuring a resilient, safe, and well-capitalised banking sector as the two-year recapitalisation programme gains momentum. With eight banks already meeting the new capital thresholds ahead of the March 31, 2026 deadline, the apex bank said the exercise will position lenders to support Nigeria’s ambition […] CBN deepens recapitalisation drive to build stronger, globally competitive banks Tribune Online

Politics