Tag: CBN

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...

Naira gains, but $1.14bn reserves drop signals pressure on CBN strategy

Business Damilola Bayonle -
Naira Rises as CBN Mops Up N2.3trn, Despite $1.14bn Reserves Pressure Nigeria’s currency strengthened last week after aggressive liquidity tightening...

Nigeria Rejoins Frontier Markets as NGX Rally Attracts Global Investors

Business Damilola Bayonle -
Nigeria’s capital market has recorded a major milestone as global index provider FTSE Russell officially restored the country’s status...

CBN’s BVN Overhaul: New Rules to Combat Fraud and Strengthen Nigeria’s Banking Security

Business Damilola Bayonle -
BVN Overhaul Strengthens Banking Security, Tightens Identity Controls Nigeria’s financial system is entering a new phase of regulatory tightening as...

Nigeria’s banking sector lending hits N111.4trn as credit growth accelerates after recapitalisation

Business Damilola Bayonle -
Nigeria’s banking sector has recorded a notable uptick in credit expansion, with fresh data pointing to a gradual recovery...

CBN begins anti-money laundering oversight on crypto firms in major regulatory shift

Business Damilola Bayonle -
CBN begins anti-money laundering oversight on crypto firms Nigeria’s financial regulator has taken a significant step toward tightening oversight of...

Local investors power Nigeria’s N4.6tn bank recapitalisation drive, boost sector stability

Business Damilola Bayonle -
Bank recapitalisation Nigeria strengthens financial system as local investors dominate N4.6tn raise Nigeria’s banking sector has entered a new phase...

SEC pushes stakeholder collaboration to unlock Nigeria’s capital market potential

Business Damilola Bayonle -
Nigeria’s capital market regulator has intensified calls for deeper institutional cooperation as part of efforts to unlock the full...

Nigeria’s SMEs face N48tn financing gap despite stronger banks, report warns

Business Damilola Bayonle -
Nigeria’s small and medium-sized enterprises (SMEs), widely regarded as the backbone of the economy, are grappling with a massive...

2027 elections may derail Nigeria’s fiscal reforms, NECA raises alarm over economic risks

Business Damilola Bayonle -
Nigeria’s organised private sector has raised fresh concerns over the sustainability of ongoing economic reforms, warning that political pressures...

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...