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W’Bank: FG pays N658.9bn to 10.46m poor households

The Federal Government has disbursed N658.9bn in direct cash transfers to 10.46 million poor and vulnerable households as of September 2026, but the World...

FG faults World Bank revenue figures, dismisses debt concerns

The Federal Government has faulted the revenue figures contained in the World Bank’s latest Nigeria Development Update, dismissing concerns that rising interest payments threaten...

Cardoso links record $55.1bn reserves to economic stability

Nigeria’s foreign exchange reserves have climbed to $55.1bn, their highest level in 18 years, strengthening the country’s capacity to withstand global economic disruptions, Central...

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...

Nigeria’s FX demand hits $18.34bn as services surge

Nigeria’s foreign exchange utilisation surged to $18.34bn in the second quarter of 2026, its highest level in nearly 15 years, as financial services transactions...

AG Mortgage Bank appoints Ogbuehi as company secretary

AG Mortgage Bank Plc has appointed Chieduzie Ogbuehi as its substantive company secretary, effective September 24, 2026. The firm stated in a statement on Monday...

World Bank in talks with dozens of countries about crisis aid, Banga says

BANGKOK, Oct 11 (Reuters) - The World Bank is in discussions with 30 to 40 countries about potential crisis aid to help them manage...

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...

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