Why We Ordered Bank Directors with Bad Loans to Resign - CBN The Central Bank of Nigeria says the reason it ordered bank directors with non-performing insider-related loans to immediately resign from their positions was in response to strengthen corporate governance and reduce credit risk...

‎Naira Rebounds to ₦1,540/$ in Parallel Market ‎The naira rebounds against the dollar on Tuesday in the parallel foreign exchange market, reversing earlier losses. A source at the Abuja Black Market told Economic Confidential that the naira was trading at ₦1,530/$ (buy) and ₦1,540/$ (sell) as...

The Governor of the Central Bank of Nigeria (CBN) Olayemi Cardoso, has called for stronger economic ties between Nigeria and the Middle East.

Nigeria’s consumer credit outstanding rose significantly by 26.29 per cent to N4.42tn in November 2024, up from the preceding month’s figure of N3.5tn.

Personal Loans Rose by 37.76% in November – CBN According to latest monthly report by the Central Bank of Nigeria (CBN), Nigeria’s personal loan portfolio rose by 37.76 per cent to N3.32tn in November 2024. The sharp increase in consumer borrowing reflects the impact of rising...

After Court Order, CBN Assures Keystone Bank’s Customers of Stability   The Central Bank of Nigeria (CBN) has reassure customers of Keystone Bank Limited that the bank remains safe and fully operational, despite a recent court order forfeiting the bank's shares to the Federal Government.The Central...