CBN
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Economy
Consumer Credit Surge: Nigerians Borrowing Hits N4.42 Trillion
In a notable economic shift, Nigeria’s consumer credit outstanding surged by a substantial 26.29%, reaching N4.42 trillion in November 2024,…
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Economy
Loan App Surge: 380 Lenders Approved, Consumer Fears Grow
The landscape of digital lending in Nigeria is undergoing a dramatic transformation, with the number of approved loan app soaring…
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Economy
Capital Inflow Dips to $1.63 Billion in November Amidst Investor Concerns
Nigeria’s allure for international investors appears to be waning, as capital inflow into the nation plummeted to $1.63 billion in…
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Economy
CBN to sanction bankswith ATM withdrawal limit below N20,000
The Central Bank of Nigeria, CBN, has threatened to sanction banks that limit Automated Teller Machines (ATM) withdrawal to less than N20,000 per…
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Business
Banks’ borrowing from CBN rises 395% to N4.7trn
Banks’ borrowing from the Central Bank of Nigeria, CBN, rose sharply by 395.2 percent week-on-week (WoW) to N4.72 trillion last week…
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Colums
Forex Trading: CBN to suspend license of erring BDCs, banks
The Central Bank of Nigeria, CBN, yesterday, said it will suspend the dealership license of any Bureau de Change (BDC)…
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Business
FX Code: NECA lauds CBN, seeks effective implementation
The Nigeria Employers’ Consultative Association, NECA, has commended the Central Bank of Nigeria, CBN, for the launch of the Nigerian Foreign…
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Economy
CBN waives non-refundable license renewal fee for BDCs
The Central Bank of Nigeria, CBN, yesterday announced that it has approved the waiver of non refundable annual license renewal…
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Business
CBN to Launch FX Code, Emphasising Ethical Conduct in Nigeria’s Foreign Exchange Market
The Central Bank of Nigeria (CBN) announced the imminent launch of the Nigerian Foreign Exchange (FX) Code. This landmark development,…
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News
CBN Fines Nine Banks N1.35bn for Failing to Ensure ATM Cash Availability During Festive Season
The Central Bank of Nigeria (CBN) has imposed fines totaling N1.35 billion on nine Deposit Money Banks (DMBs) for failing to ensure cash availability…
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