Tag: Banking Sector

Borrowing costs rising? CBN new overnight rate could change loans, investments in Nigeria

Business Damilola Bayonle -
As credit tightens and businesses face mounting cost pressure, Nigeria’s CBN new overnight rate could reshape loans, investments, and...

CBN signals economic reset as inflation drops sharply, reserves surge past $50bn

Business Damilola Bayonle -
CBN reforms drive macroeconomic recovery as inflation eases, reserves surge Nigeria’s macroeconomic outlook is showing early signs of stabilisation as...

32 banks meet CBN bank recapitalisation target as Nigeria strengthens banking sector stability

Business Damilola Bayonle -
Nigeria’s banking sector has recorded a significant milestone in its ongoing reform programme, with no fewer than 32 financial...

Nigerian banks in last-minute rush as CBN recapitalisation deadline looms with trillions raised

Business Damilola Bayonle -
Bank recapitalisation deadline: Lenders race to meet CBN’s March 31 cutoff Nigeria’s banking sector has entered a decisive phase as...

MPC’s rate cut: Why the CBN Is easing carefully without releasing liquidity

Business Damilola Bayonle -
What the MPC’s rate cut really signals for Nigeria’s economy The decision by the Central Bank of Nigeria to lower...

Investors flock to insurance stocks as Nigerian Exchange Market trends trigger a strategic shift

Business Damilola Bayonle -
Nigerian Exchange Market Trends Shape Investor Appetite The Nigerian Exchange (NGX) experienced a notable reordering of investor sentiment on Thursday...

NGX bullish run surges again: Investors celebrate powerful N97bn breakthrough gain

Business Damilola Bayonle -
Sustained NGX Bullish Run Signals Renewed Market Confidence The Nigerian stock market continued its upward trajectory on Thursday as the...

Investor confidence drives NGX gains as market adds N178bn in September

Business Damilola Bayonle -
The Nigerian Exchange (NGX) closed September 2025 on a bullish note, with renewed optimism among local and foreign investors...

NGX surges again with powerful ₦254bn gain

Business Damilola Bayonle -
The Nigerian Exchange Limited (NGX) extended its bullish momentum on Tuesday, recording another impressive upswing as investor confidence in...

Banks lead capital inflows amid reform drive

Business Damilola Bayonle -
Nigeria’s banking sector has emerged as the leading driver of foreign capital inflows, attracting more than half of the...

CBN Suspends Dividends, Foreign Investments for Underperforming Banks

News Damilola Bayonle -
A step to fortify Nigeria’s banking system and promote financial stability, the Central Bank of Nigeria (CBN) has issued...