Economy

IMF endorses CBN rate cut, warns against premature easing

The International Monetary Fund has endorsed the Central Bank of Nigeria’s decision to cut its benchmark interest rate to 23 per cent, saying the...

Banks withdraw N942bn from CBN facility as liquidity shifts

Nigerian banks withdrew N941.85 billion from the Central Bank of Nigeria’s Standing Deposit Facility in one day, pushing total placements below N4tn amid sharp...

CBN woos Asian capital as Cardoso strengthens partnerships

The Central Bank of Nigeria Governor, Olayemi Cardoso, has stepped up Nigeria’s engagement with Asian financial institutions and investors, seeking stronger capital flows, market...

CBN’s three-year reforms face real economy test

Three years after Olayemi Cardoso assumed office as Governor of the Central Bank of Nigeria, the apex bank has recorded measurable gains in foreign...

APM Terminals calls for bankable green infrastructure projects

APM Terminals Nigeria has called for stronger collaboration among government, industry, investors and development partners to accelerate the development of bankable green infrastructure projects...

CBN returns N10.9trn liquidity through OMO repayments

The Central Bank of Nigeria (CBN) returned about N10.89tn to the financial system in September 2026 through the repayment of maturing Open Market Operations...

Access Holdings postpones H1 results again amid CBN approval delays

Access Holdings Plc has obtained another extension from the Nigerian Exchange to release its audited financial statements for the first half of 2026, as...

Greenwich Bank expands, opens three Lagos branches

The Lagos State Government has commended Greenwich Bank Limited for opening its first three commercial banking branches in Lagos, describing the expansion as a...

Polaris Bank MD promises improvement, value delivery

The Managing Director/CEO of Polaris Bank, Kayode Lawal, has pledged continuous service improvement and value delivery to customers as the financial institution prepares to...

Banking liquidity slumps N3.86tn as OMO drains cash

Nigeria’s banking system liquidity plunged by N3.86tn on Thursday after the Central Bank of Nigeria conducted a fresh open market operation, tightening cash conditions...

Access Bank appoints new executive director for risk management

Access Bank Plc has appointed Ifedayo Olaniyi Orimoloye as Executive Director, Risk Management, following approval by the Central Bank of Nigeria. The appointment, announced by...

Dangote bets cash generation on $45bn expansion

Dangote Group is pursuing a $45bn investment programme to expand its industrial businesses and reach $100bn in annual revenue by 2030, with Dangote Cement...

Banks’ capital raise reinforces balance sheet transparency – UBA GMD

The Group Managing Director of United Bank for Africa Plc and Chairman of the Body of Bank CEOs in Nigeria, Oliver Alawuba, has outlined...

FCMB backs Dangote refinery IPO, targets wider participation

FCMB Group has taken key roles in the initial public offering of Dangote Petroleum Refinery and Petrochemicals FZE, with the oil company offering 4.1...

Finance ministry, CBN sign pact to coordinate inflation policies

The Federal Government and the Central Bank of Nigeria have signed an agreement to coordinate policies on inflation, public debt, government borrowing, liquidity and...

Investors rush to Keystone Bank channels for Dangote IPO

Investors are rushing to Keystone Bank Limited’s approved subscription channels following the opening of the Dangote Petroleum Refinery and Petrochemical’s 4.1 billion-share initial public...

FirstBank, policymakers push for strategic agro-capital deployment

Stakeholders in the financial and agricultural sectors have called for a major shift toward structured, patient capital to boost Nigeria’s agribusiness value chain and...

CBN bags NES Award for economic reforms

The Central Bank of Nigeria (CBN) has received the Nigerian Economic Society’s (NES) Distinguished Organisation Award in recognition of its institutional reforms and contributions...

Macroeconomic gains will soon benefit households

The Central Bank of Nigeria has assured Nigerians that the benefits of the country’s improving macroeconomic indicators will soon filter through to households and...

Firstholdco joins ftse frontier 50 index, strengthening global investor access and market visibility

Femi Otedola – It affirms the transformation we are driving First HoldCo Plc, Nigeria’s leading financial services holding company, has been included in the FTSE...

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