CBN Urges Banks to Use N4.65 Trillion Capital to Drive Economic Growth
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has urged commercial banks to ensure that the more ...
Tag: Banking Sector
FirstBank, Other Lenders Face $1.8 Billion Legal Threat After Court Rejects Reassignment Request
The legal battle involving FirstBank, FBNQuest Merchant Bank, First Trustees, and the Nestoil Group has taken a significant turn after ...
CBN Data Localisation Directive to Drive Nigeria’s Digital Infrastructure Boom
Nigeria’s digital infrastructure sector is poised for a significant transformation following the Central Bank of Nigeria’s (CBN) directive requiring banks, ...
Cash Outside Banks Climbs to N5.19 Trillion as Nigerians Continue to Rely on Cash
Nigeria’s cash-based economy remains strong despite ongoing efforts by the Central Bank of Nigeria (CBN) to encourage digital payments and ...
Nigeria’s Broad Money Supply Climbs to N129.21 Trillion in May 2026
Nigeria’s broad money supply increased to N129.21 trillion in May 2026, underscoring the continued expansion of liquidity across the economy ...
Federal Government Partners Banks to Boost Revenue Collection Through Digital RevOp Platform
The Federal Government has intensified efforts to improve revenue generation and eliminate financial leakages by engaging commercial banks and other ...
Fraudsters Steal N134 Billion From Banks and Customers, CBN Reports
Fraudsters siphoned an estimated N134 billion from Nigerian banks and their customers, underscoring the growing threat posed by financial crime ...
Otedola Raises First HoldCo Stake to 20.4% Through N29.6bn Share Acquisition
Billionaire investor and businessman Femi Otedola has increased his ownership in First HoldCo Plc to 20.42% after acquiring approximately 672.9 ...
Govt Targets N200bn Capital Base for New Cooperative Bank Launch
The Federal Government is seeking to raise N200 billion in capital for the establishment of a new Cooperative Bank, a ...
Sterling HoldCo Secures Approval for $400M Capital Raise Plan
Sterling HoldCo has secured shareholder approval for a $400 million capital raise, marking a significant step in the company’s efforts ...
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