Credit to FG Declines 45% to N5.16 trn  Credit to the government fell for the second consecutive months by 45 percent to N5.16 trillion in November 2023 from N9.39 trillion in October in 2024. Data obtained from the Central Bank of Nigeria, CBN, Money and Credit...

Airlines’ Trapped Funds: Pressure Mounts Despite CBN's $61m There’s a mounting pressure on the federal government to make significant releases to clear the foreign airlines’ trapped funds amidst their threat to exit Nigeria. This is despite the release of $61.4m by the Central Bank of Nigeria...

Why we are Moving Some Departments to Lagos - CBN Official The Central Bank of Nigeria (CBN) has said its plan to relocate some of its departments from its head office in Abuja to Lagos state is intended to decongest the CBN's head office and...

PROFILE: Meet Yetunde Oni, Union Bank’s new Managing Director By Zekeri Idakwo Following the recent dissolution of the boards of three Nigerian banks, the Central Bank of Nigeria has appointed Yetunde Oni as the new Managing Director/CEO of Union Bank. The CBN announced Oni's appointment as the...

Naira Depreciates Further Despite $2.2bn Afreximbank’s Inflow Despite recent efforts by the Central Bank of Nigeria (CBN) to bolster the foreign exchange market through interventions, the currency’s downward trend persists, prompting concerns about its potential impact on the broader economy. The depreciation of Nigeria’s currency is...

BVN: Over 60.2m Nigerians Now Registered as January 31st deadline Nears - NIBSS The Nigerian Interbank Settlement System, registration data showed that over 60.2 million Nigerians now have a Bank Verification Number (BVN), 21 days before the deadline set by the Central Bank of Nigeria. This...