Tag: Banking Sector

The Central Bank of Nigeria (CBN) has introduced the Nigeria Overnight Financing Rate (NOFR), a new benchmark interest rate designed ...

The Central Bank of Nigeria (CBN) has unveiled a new proposal aimed at strengthening the banking sector by limiting financial ...

Nigeria’s economy is showing growing resilience against global economic headwinds following a series of reforms across fiscal policy, foreign exchange ...

Nigeria’s banking sector continued to channel the largest share of its loans to the oil and gas industry in 2025, ...

Nigeria’s oil and gas industry recorded a remarkable increase in foreign capital inflows during the first quarter of 2026, but ...

Nigerian banks could face penalties of up to N100 million for breaches of foreign exchange (forex) regulations as authorities move ...

Nigeria’s banking industry recorded a significant increase in revenue from account maintenance charges during the first quarter of 2026, reflecting ...

Nigeria recorded a major increase in foreign capital inflows during the first quarter of 2026, with total capital importation rising ...

The African Development Bank (AfDB) has raised concerns about the low level of lending by Nigerian banks to businesses, revealing that credit ...

Nigeria’s growing shift toward digital payments is creating new opportunities for small and medium-sized businesses across the country. As more ...