CBN begins registration of more financial institutions on credit risk management system
The CBN has started the registration of “Other Financial Institutions’’ (OFIs) on its Credit Risk Management System (CRIMS) to improve…
Online transactions in Nigeria rise by 99% to N22.77tn
The value of transactions carried out online by bank customers jumped to N22.77tn in March 2021, the latest data from…
Manufacturing sector intervention fund now N803bn – CBN
Manufacturing sector’s intervention funds disbursed by the Central Bank of Nigeria (CBN) rose to N803bn as of February. Figures obtained…
Lagos tops with N398.7b IGR, as FG unveils book on states’ economies
Lagos State recorded over N398.7 billion Internally Generated Revenue (IGR) on investment inflows from 2019 to 2020, making it rank…
BoI records N35.54b profit, assets hit N1.86 trillion
The Bank of Industry (BoI) says it recorded a profit after tax of N35.54 billion for the financial year ended…
FG rejects generalised approach to financial reforms
The Federal Government on Monday rejected a generalised approach for financial reform initiatives in Nigeria, stressing that it would rather…
Appzone to Expand Banking Technology Operations Across Africa
As part of efforts aimed at deepening operations and expanding its digital banking services across the continent, Appzone, a Nigeria-based…
DMO blames COVID-19 for Nigeria’s rising debt
The Debt Management Office (DMO) says Nigeria’s rising public debt profile should be blamed on dwindling government revenue and harsh…
CBN freezes another 194 accounts of firms, BDCs, others
The Central Bank of Nigeria (CBN) has ramped up its anti-money laundering drive as it obtained orders from the Federal…
USSD Controversy: Banks, MTN and NCC Meeting Ends in Stalemate
Efforts aimed to resolving the ongoing disagreement between MTN and the banks over the Unstructured Supplementary Service Data (USSD) dispute…