CBN Confirms 16 Nigerian Banks Now Fully Recapitalised, Strengthening Financial Stability Ahead of 2026 Deadline
The Central Bank of Nigeria (CBN) has revealed that sixteen Nigerian banks have now met the updated capital requirements under...
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Bitget Crosses $5 Billion in US-Stock Futures Volume, Signalling Growing Fusion of Crypto and Traditional Markets
The crypto exchange Bitget recently announced that trading of its US stock-linked perpetual futures has now passed the $5 billion...
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Investor Confidence Surges as FGN Bond Auction Hits 120% Oversubscription with N657 Billion in Bids
The Federal Government of Nigeria’s latest bond auction drew overwhelming investor interest, with total bids climbing to N657 billion, far...
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CBN Holds Firm at 27%, A Cautious Pause Amid Disinflation and Economic Fragility
The Central Bank of Nigeria (CBN) has decided to hold the monetary policy rate at 27 per cent, a move...
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Naira Gains Ahead of 303rd MPC Meeting, Hits N1,452/$1
The Naira has recorded modest gains across the foreign exchange market, appreciating to N1,452/$1 on Monday, ahead of the highly...
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Afreximbank Pledges $40 Billion to Supercharge Intra-African Trade by 2026
The African Export-Import Bank (Afreximbank) plans to double its intra-African trade financing from US$20 billion in 2021 to US$40 billion...
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CBN Floats Strict New Rules, Five-Year Ban for Repeat Dud Cheque Issuers
The Central Bank of Nigeria (CBN) is proposing a tough new clampdown: individuals who issue bounced cheques (dud cheques) three...
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FATF Exit Starts New Compliance Race
Nigeria’s Securities and Exchange Commission (SEC) has issued a firm call to action for the financial sector to strengthen and...
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FCMB Raises Capital Ceiling to ₦400 Billion to Meet CBN Recapitalisation Rules
FCMB Group Plc has clarified that its decision to increase its capital-raise ceiling to ₦400 billion is primarily driven by...
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Crypto Market Shows Signs of Stability Amidst Fragile Conditions
The cryptocurrency market is experiencing a mild recovery, with Bitcoin climbing back above $87,000, following dovish signals from the U.S....
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