CBN cuts one year T-bill yield after N3.62trn bids
The Central Bank of Nigeria (CBN) reduced the stop rate on its one-year treasury bill at Wednesday’s primary market auction…
ATM transactions in Nigeria rise 208% to N89 trillion
The value of Automated Teller Machines (ATM) transactions grew sharply by 208.4 percent year-on-year (YoY) to N89.12 trillion in 2025…
Nigeria’s pension fund down by 1.9% to N30.7billion
Nigeria’s total pension fund assets declined by 1.9 per cent or N623.6 billion Month-on-Month, MoM, to N30.7 trillion in June…
Interest rates will moderate as reforms deepen, says CBN Governor
Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says interest rates will moderate over time as ongoing economic…
Nigeria’s consumer credit drops 20% to N3.8 trillion
Nigeria’s consumer credit declined for the first time in six years, falling by 19.89 per cent to N3.78tn in 2025…
CBN orders N19bn refunds as bank customers’ complaints rise 11%
Bank customers lodged 23,129 complaints against financial institutions in 2025, representing 11 per cent increase over the previous year, prompting…
Atiku lambasts Tinubu over endless borrowing, balooning debt
Former Vice President and presidential candidate of the African Democratic Congress (ADC), Atiku Abubakar, has lambasted President Bola Tinubu’s administration…
World Bank ex-president faults Nigeria’s collateral-backed borrowing approach
Former President of the World Bank, David Malpass, has raised concerns over Nigeria’s use of collateral-backed borrowing, warning that such…
Nigeria’s net foreign liabilities jump to $90.2 billion
Nigeria’s net foreign liability position rose by $7.5bn to $90.2bn in 2025, as foreign investors’ claims on Nigerian assets increased…
CIBN, ACAMB urge banks to deepen financial inclusion
The Chartered Institute of Bankers of Nigeria (CIBN) and the Association of Corporate Communication and Marketing Professionals in Banks (ACAMB)…