Posted inBanking Economy Regulations
Interbank Rates Surge as CBN Tightens Liquidity Through Open Market Operations
Interbank lending rates rose as the CBN implemented liquidity tightening measures to manage excess cash…
CBN to Roll Over N650 Billion Treasury Bills at October 22 Primary Market Auction
The Central Bank of Nigeria will auction N650 billion in Treasury Bills on October 22…
ETPs Gain as Bond Market Dips 0.11% to N51.45 Trillion on NGX
Nigeria’s bond market declined amid profit-taking, while Exchange Traded Products (ETPs) recorded gains and rising…
Posted inAfrica Banking Regulations
Ripple Partners with South Africa’s Absa Bank to Launch Digital Asset Custody Services
Ripple teams up with Absa Bank to bring secure, compliant digital asset custody solutions to…
Posted inBanking Economy NAIRA RATE
Naira Gains Ground Against British Pound as Inflation Eases and Forex Inflows Strengthen
The naira appreciated against the British pound amid easing inflation, improved forex inflows, and stronger…
Posted inBanking Economy Opinion Press Release
Nigeria’s Public Debt Rises to ₦152.40 Trillion in Q2 2025 as Weaker Naira Inflates Borrowing Costs
Nigeria’s total public debt climbed to ₦152.40 trillion by June 2025, reflecting a ₦3.01 trillion…
Posted inBanking Economy Exchange Regulations
CBN Takes Over Fixed Income Market Settlement and Trading to Boost Transparency
The Central Bank of Nigeria will assume control of fixed income settlement and trading platforms,…
Posted inBanking NAIRA RATE Press Release
Naira Records Biggest Gain of 2025 Against Dollar
The Nigerian Naira surged to its strongest level in 2025, driven by CBN reforms and…
Posted inAfrica Banking Regulations
Bank of Ghana Suspends Flutterwave, Afriex, Cellulant Over Unauthorized Remittance Deals
Bank of Ghana halts remittance services by Flutterwave, Afriex, Cellulant, and UBA Ghana over repeated…
Posted inBanking Economy Regulations
CBN Launches Compliance Department to Tackle Fraud, Boost Oversight
CBN launches new Compliance Department to boost financial supervision, fight fraud, and tighten regulation of…
Posted inBanking Economy Regulations
CBN Launches Compliance Department to Tackle Fraud, Boost Oversight
CBN launches new Compliance Department to boost financial supervision, fight fraud, and tighten regulation of…
Abuja Court Joins Moniepoint in N21 Billion Fraud Case Involving EFCC, POS Merchants
Abuja court joins Moniepoint in N21B fraud case linked to Providus Bank POS glitch, EFCC,…
Abuja Court Joins Moniepoint in N21 Billion Fraud Case Involving EFCC, POS Merchants
Abuja court joins Moniepoint in N21B fraud case linked to Providus Bank POS glitch, EFCC,…
Posted inAfrica Banking Crypto Economy Stablecoins
Stablecoin Adoption Surges Amid USD Crises in Egypt, Nigeria, and Argentina
Stablecoins hit $35B in volumes as Egypt, Nigeria, and Argentina face currency collapse, inflation, and…
Posted inBanking Economy NAIRA RATE Regulations
Nigeria Approves New 2024–2027 Debt Strategy to Strengthen Fiscal Stability and Manage Borrowing Risks
Nigeria adopts a fresh debt plan for 2024–2027, setting strict sustainability targets to stabilize borrowing…
CBN Concludes FX Forward Audit, Refunds Banks in Naira
The CBN has refunded naira to banks after closing its audit into failed FX forward…
Posted inBanking Events NAIRA RATE
Naira Holds Steady as CBN Maintains Rates and Dollar Weakens
CBN holds interest rates for the 7th time, stabilizing the naira despite a weakened US…
Posted inBanking Economy NAIRA RATE
CBN Sets July 2025 MPC Meeting to Decide Nigeria’s Next Interest Rate Direction
Nigeria’s Central Bank will hold its next Monetary Policy Committee meeting this July to review…
CBN Governor Calls for African Unity as Afreximbank Capital Surpasses $40 Billion
CBN Governor Yemi Cardoso urges African unity as Afreximbank’s capital surpasses $40B, calling for deeper…
Posted inAfrica Banking Blockchain
Visa Partners with Yellow Card to Expand Stablecoin Payments Across Africa
Visa partners with Yellow Card to bring stablecoin-powered cross-border payments to Africa, advancing digital dollar…
Posted inAfrica Banking Blockchain
Kenya Bankers Association Explores Tokenized Collateral to Modernize Lending with Blockchain
Kenya’s banking sector is exploring tokenized collateral, signaling a new frontier in blockchain-based lending, transparency,…
Posted inBanking Economy NAIRA RATE
CBN Supervises Forbearance-Exposed Banks Amid Recapitalization Push to Strengthen Nigeria’s Financial Sector
CBN tightens oversight on forbearance-exposed banks, reinforcing capital buffers to safeguard Nigeria’s banking sector post-COVID…
SEC DG Emomotimi Agama Charts Future-Ready Vision for Nigeria’s Financial Markets at NCMA Awards
Nigeria’s SEC is charging ahead with digital innovation and regulatory reform to build a resilient,…
Naira Closes Strong at N1,579/$1 as CBN Reforms Boost Investor Confidence
The naira strengthens against the dollar amid CBN reforms, signaling growing investor confidence and relative…
Nigeria’s External Reserves Rebound by $364 Million, Breaking 2025 Downtrend
Nigeria’s external reserves post their first sustained rise in 2025, signaling a potential turning point…