Banks’ Total Assets Rise By N16.65trn   The Central Bank of Nigeria (CBN) has revealed that banks’ total assets from April 2022 to April 2023 rose by N16.65 representing a 25.88 per cent adding that Industry credit also increased by N4.54 trillion during the period under...

FAAC Disbursements To Hit Record N1trn Following Fx Unification   The Federal Account and Allocation Committee (FAAC) disbursements to the federal, state and local governments is set to hit a record N1 trillion following unification of Nigeria’s exchange rates at the Investors and Exporters (I &...

External Reserves Drop by $3bn in Six Months, Says CBN   Nigeria’s external reserves fell by $2.85bn in the first half of 2023 due to external debt finance among other challenges, figures obtained from the Central Bank of Nigeria have revealed. The CBN revealed in its figures...

EXPOSED: CBN, NSA Involved in $616m Dark Dealings under Buhari's Administration   The Central Bank of Nigeria (CBN) made multiple transfers totalling $616 million to the office of the National Security Adviser (NSA) between August 2016 and November 2018 in a rare practice that exposes the...

CBN, Bill Gates Foundation Partner On Financial Inclusion   The Central Bank of Nigeria (CBN) and the Bill and Melinda Gates Foundation have finalised the plan to drive financial inclusion in the country. According to a statement from the apex bank on Sunday, the two groups recently...

eNaira: Much Ado About High Expectations, Hasty Conclusions, by Abdulrahman Abdulraheem   The rate of adoption, acceptance and spread of eNaira has come under attack in recent times over what looks like the failure of critics to understand monetary system in Nigeria, Nigerians' sentimental attachment to...