19 h. ago CBN Reaffirms Commitment to Financial Inclusion, Price Stability

The Central Bank of Nigeria (CBN) has restated its commitment to driving financial inclusion, stimulating productivity, and delivering on its core monetary and price stability mandate. Speaking at the CBN Fair in Lagos, themed “Driving Alternative Payment Channels as Tools for Financial Inclusion, Growth and Accelerated Economic Development”, the Bank’s acting Director, Corporate Communications, Mrs. […]

Politics

36 h. ago Carbon Launches Nexus at Lagos Startup Week, Offering Smarter Payment Infrastructure for Nigerian Businesses

Lagos, Nigeria, July 11, 2025 — Nigerian digital bank Carbon has unveiled Carbon Nexus, a new payment infrastructure solution designed read more Carbon Launches Nexus at Lagos Startup Week, Offering Smarter Payment Infrastructure for Nigerian Businesses

Economics

38 h. ago Alternative Bank Partners With AMWMF, Empowers Traders, Farmers

With a focus on improving access to banking services, the Bank is providing critical financial support to some of Nigeria’s most underserved communities. The post Alternative Bank Partners With AMWMF, Empowers Traders, Farmers appeared first on Channels Television.

Politics

43 h. ago World Bank Approves $300m For IDPs, Others In Northern Nigeria

The SOLID Project is expected to benefit up to 7.4 million people, of whom up to 1.3 million individuals are identified as IDPs. The post World Bank Approves $300m For IDPs, Others In Northern Nigeria appeared first on Channels Television.

Politics

58 h. ago World Bank approves $300m to support displaced Nigerians, host communities

The World Bank has approved $300 million in financing for a development initiative aimed at addressing the long-standing displacement. read more World Bank approves $300m to support displaced Nigerians, host communities

Politics

58 h. ago CFG advisory urges CBN to cut rates to drive growth amid high debt and stubborn inflation

The CFG Advisory advised that the Central Bank of Nigeria (CBN) targets a reduction in the interest rate and commences its inflation. read more CFG advisory urges CBN to cut rates to drive growth amid high debt and stubborn inflation

Economics

65 h. ago 12,000 customers jostle for Access Bank N200m reward in Anambra

From Emmanuel Uzor, Awka No fewer than 12,000 customers across all branches of Access Bank struggled to benefit as the bank rewarded customers drawn from various places with the sum of N228.7 million in the DiamondXtra Season 17 programme held in Awka, Anambra State capital. Speaking at the event, the Regional Manager of Access Bank […] The post 12,000 customers jostle for Access Bank N200m reward in Anambra appeared first on The Sun Nigeria.

Economics

69 h. ago Race to N500bn: Banks step up capital drive as CBN tightens grip on recap to power $1trn economy goal

Tribune Online Race to N500bn: Banks step up capital drive as CBN tightens grip on recap to power $1trn economy goal The Central Bank of Nigeria (CBN) has reaffirmed its commitment to maintaining a resilient, safe, and sound financial system as the ongoing banking recapitalisation exercise continues to gather pace. According to the apex bank, eight commercial banks have already met the new capital requirements ahead of the March 31, 2026 deadline, with others making significant […] Race to N500bn: Banks step up capital drive as CBN tightens grip on recap to power $1trn economy goal Tribune Online

Politics

2 d. ago Nigeria’s eNaira: Lessons from implementation challenges and the path forward

Nigeria’s foray into Central Bank Digital Currency (CBDC) with the eNaira launch in October 2021 marked a significant milestone in read more Nigeria’s eNaira: Lessons from implementation challenges and the path forward

Politics

2 d. ago 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

3 d. ago CBN: FX buffers rise as offshore inflows lift reserves above $40bn

…Naira outlook looking positive –Analysts By Chinwendu Obienyi Nigeria’s foreign exchange reserves rose for the fifth consecutive week to hit $40.16 billion as improved inflows from foreign portfolio investors and the Central Bank of Nigeria’s interventions bolstered the country’s FX buffers, raising hopes for short-term currency stability. Data from the CBN showed that gross reserves […] The post CBN: FX buffers rise as offshore inflows lift reserves above $40bn appeared first on The Sun Nigeria.

Politics

5 d. ago CBN: Building resilient banks as recapitalisation gains more ground

By Mustafa Biodun Monetary Policy Committee (MPC) members recently acknowledged the continued stability in the banking system, evidenced by the stable Financial Soundness Indicators (FSIs) which would further be supported by the on-going banking recapitalisation exercise. With eight banks having already met the recapitalisation requirements, and others making progress towards meeting the deadline, the Central […] The post CBN: Building resilient banks as recapitalisation gains more ground appeared first on The Sun Nigeria.

Politics

5 d. ago BOI to unlock funding for cotton, textile, garments sector revival

The Bank of Industry (BoI) is taking concrete steps to boost Nigeria’s Cotton, Textile, and Garment (CTG) sector, with a read more BOI to unlock funding for cotton, textile, garments sector revival

Politics

5 d. ago CBN finds ‘irregularities’ in unpaid FX contracts, sanctions coming

The Central Bank of Nigeria (CBN) has announced it found “irregularities” in the country’s outstanding foreign exchange (FX) forward contracts. read more CBN finds ‘irregularities’ in unpaid FX contracts, sanctions coming

Politics

5 d. ago Stanbic IBTC Capital wins “Best Investment Bank in Nigeria 2025” award

Stanbic IBTC Capital, a subsidiary of Stanbic IBTC Holdings, has been awarded “Best Investment Bank in Nigeria 2025” at the read more Stanbic IBTC Capital wins “Best Investment Bank in Nigeria 2025” award

Politics

5 d. ago Mounting deficits raise concerns over bank takeover as Ikeja Electric reports N25bn pretax loss

Tribune Online Mounting deficits raise concerns over bank takeover as Ikeja Electric reports N25bn pretax loss EFFORTS by Nigerian banks to take over Sahara Group’s power assets may be complicated by the deepening financial woes of Ikeja Electricity Distribution Company (Ikeja DisCo), which posted a pretax loss of N25.2 billion for the full year ended December 31, 2023. The company’s latest financials revealed worsening fundamentals that raised red flags for potential […] Mounting deficits raise concerns over bank takeover as Ikeja Electric reports N25bn pretax loss Tribune Online

Politics

6 d. ago Nigeria’s banks attract $7 billion in speculative funds in 2024

From Adanna Nnamani, Abuja Foreign capital inflows into Nigeria’s banking sector surged to $7.0 billion in 2024, the highest in five years, but the bulk of the funds were speculative, raising fresh concerns about the sustainability of the investment boom. The latest capital importation figures released by the National Bureau of Statistics (NBS) show that […] The post Nigeria’s banks attract $7 billion in speculative funds in 2024 appeared first on The Sun Nigeria.

Politics

6 d. ago Court awards N85m fine against bank for freezing customer’s account with invalid court order

From Godwin Tsa, Abuja A High Court of the Federal Capital Territory (FCT) has ordered a commercial bank to pay N85 million in damages for freezing its customer’s account without a valid court order. Justice Samira Bature, in her judgement, further directed both the bank and the Nigeria Police Force (NPF) to publish a public […] The post Court awards N85m fine against bank for freezing customer’s account with invalid court order appeared first on The Sun Nigeria.

Economics

6 d. ago Nigeria Spent Decades Pursuing Policies Destined To Bankrupt Its Economy — Emir Sanusi

He noted that opinions contrary to such policies were met with resistance. The post Nigeria Spent Decades Pursuing Policies Destined To Bankrupt Its Economy — Emir Sanusi appeared first on Channels Television.

Politics

6 d. ago Nigerian leaders unperturbed that citizens see them as thieves – Sanusi

The Emir of Kano, Muhammadu Sanusi, says the nation’s leaders are now seen as thieves by citizens, and they are unperturbed by it. Sanusi, who said Nigeria’s value system has been eroded, noted that the country now rewards thieves with political appointments. In an interview on Channels Television’s ‘Politics Today’, the former Central Bank of […] The post Nigerian leaders unperturbed that citizens see them as thieves – Sanusi appeared first on The Sun Nigeria.

Politics