Nigerian banks face a recapitalisation deadline by 2026, with the CBN enforcing strict rules to guide the sourcing of funds. Some banks may downgrade by 2026.

The Central Bank of Nigeria (CBN) has reported high loan default rates among large Private Non-Financial Corporations (PNFCs) and Other Financial Corporations ...

Nigeria recorded a balance of payments surplus of $6.83 billion in 2024, driven by the impact of reforms, a stronger trade ...

Nigeria recorded a balance of payments surplus of $6.83 billion in 2024, driven by the impact of reforms, a stronger trade ...

CBN has emphasised the importance of bank recapitalisation to fund Nigeria’s goal of achieving a $1 trillion economy by 2030. The Central Bank of Nigeria (CBN), on Monday said it was inevitable to ...

What might seem like minor deductions, when accumulated, create a significant burden often unaccounted for by consumers.

Nigerian companies faced financial pressure in 2024 as surging interest expenses, driven by the Central Bank of Nigeria’s (CBN) sustained ...

The World Bank has explained that the $10.50 million funding sought by the Central Bank of Nigeria was a grant and not a loan ...

Nigeria’s central bank sold dollars to lenders to stem an erosion of the naira exchange rate, after a selloff induced by US ...

The Central Bank of Kenya (CBK) has approved the acquisition of National Bank of Kenya Limited (NBK) by Access Bank PLC ...