Tag: Banking Sector

Nigeria’s digital infrastructure sector is poised for a significant transformation following the Central Bank of Nigeria’s (CBN) directive requiring banks, ...

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 increased to N129.21 trillion in May 2026, underscoring the continued expansion of liquidity across the economy ...

The Federal Government has intensified efforts to improve revenue generation and eliminate financial leakages by engaging commercial banks and other ...

Fraudsters siphoned an estimated N134 billion from Nigerian banks and their customers, underscoring the growing threat posed by financial crime ...

Billionaire investor and businessman Femi Otedola has increased his ownership in First HoldCo Plc to 20.42% after acquiring approximately 672.9 ...

The Federal Government is seeking to raise N200 billion in capital for the establishment of a new Cooperative Bank, a ...

Sterling HoldCo has secured shareholder approval for a $400 million capital raise, marking a significant step in the company’s efforts ...

The Central Bank of Nigeria (CBN) has directed banks, payment service providers, and other regulated financial institutions to ensure that ...

The Central Bank of Nigeria (CBN) has introduced a new benchmark rate framework designed to enhance transparency, improve price discovery, ...