Private Sector Credit Surges by N1.89trn in October Following CBN’s First Rate Cut in Five Years
Nigeria’s private sector borrowing recorded its strongest monthly expansion in 2025, rising by nearly N1.89 trillion in October, according to ...
Tag: CBN
CBN Claws Back N2 Trillion from Decade-Old Intervention Loans, Vows No More “Father Christmas” Policies
Central Bank of Nigeria Governor Olayemi Cardoso on Tuesday revealed that the apex bank has recovered roughly N2 trillion from ...
CBN Refuses to Blink: Holds MPR at 27% Despite Business Outcry Over Crushing Borrowing Costs
In a decision that will deepen the pain for Nigerian businesses already reeling from sky-high interest rates, the Central Bank ...
CBN Moves to Crack Down on Serial Dud Cheque Issuers with Renewable Five-Year Bans
The Central Bank of Nigeria (CBN) has unveiled tough new measures aimed at curbing the persistent misuse of cheques, including ...
CBN Borrows N17.6 Trillion, Repays N14.7 Trillion Through Treasury Auctions
The Central Bank of Nigeria (CBN) raised a total of N17.59 trillion through fresh issuances of Treasury bills and federal ...
Banks Report Rising Defaults on Secured Loans Despite Easier Credit Access – CBN
A new Central Bank of Nigeria (CBN) survey has revealed an unexpected trend in the third quarter of 2025: banks ...
CBN Declares Zuldal Microfinance Bank Unlicensed, Urges Public to Steer Clear
The Central Bank of Nigeria (CBN) has officially declared Zuldal Microfinance Bank Limited an illegal entity, stating that it has ...
Nigeria’s External Reserves Climb Above $46 Billion, Highest Since 2018 – CBN Governor
Nigeria’s gross external reserves have surpassed $46 billion, marking the strongest buffer the country has built since 2018, Central Bank ...
Nigeria’s FATF Grey List Exit Propels Naira to 10-Month Peak, Reserves Top $43 Billion
Nigeria's departure from the Financial Action Task Force (FATF) grey list has triggered a surge in the naira, pushed foreign ...
CBN Move to Overhaul Fixed-Income Trading Ignites Regulatory Clash
The Central Bank of Nigeria (CBN) is pushing to centralize control over the country's fixed-income market, a decision that has ...
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