CBN Cuts Interest Rate To 23%,Citing Economic Stability
According to Cardoso, with the current stability in the market, there was no better time to adjust the rate than now.
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Gambia Central Bank Orders Nigerian Banks To Replace Foreign Staff With Locals
The order followed a meeting between the central bank and managing directors of commercial banks on August 27, as well as an industry-wide review of how banks employ foreign personnel.
Tony Elumelu : From photocopier salesman to Banker
He wrote: “It’s also a reminder that who you become tomorrow is often shaped by the foundation you lay today; the discipline, hard work, and consistency you put in when no one is watching.”
Inside Zedcrest Group: The Financial Ecosystem Powering Capital Across Africa
Each company solves a different challenge. Each strengthens the others.Together, they create an integrated financial ecosystem designed to ensure capital flows more efficiently from where it exists to where it is needed most.
CIBN Conference: Banks Must Turn Capital Strength Into Real-Economy Growth
With the theme, “Building a Resilient Economy in an Era of Disruptions: Strategic Imperatives for the Banking and Financial Services Industry,” the conference brought together senior banking executives, policymakers, economists, government officials, business leaders and development finance experts, including representatives of the World Bank.
Allawee notifies customers of closure December 1
Allawee warned that payments sent to its account numbers from December 1, 2026 will fail, while its cards will also stop working, regardless of the expiry dates printed on them.
Commercial Banks’ Borrowing From CBN Drops By 89% in August
The apex bank lends money to banks through the SLF at interest rate of 500 bases points (bps) above the Monetary Policy Rate (MPR).
Standard Bank Eyes Stake in OPay Ahead of US IPO
OPay had appointed Citigroup, Deutsche Bank, and JPMorgan Chase to work on its planned US IPO, with the company targeting a valuation of about $4 billion.
President Tinubu Approves Unclaimed Dividends, Dormant Accounts Transfer to NELFUND
The Education Minister said that the measures are aimed at strengthening NELFUND’s financial capacity, with more than 1.2 million students currently benefiting from the scheme.
Unlocking ₦84trn Banks’ Idle Funds For Lending To Manufacturers…
Nigeria’s challenge is no longer simply mobilising capital; it is creating the conditions under which banks can profitably lend that capital to businesses capable of producing, expanding, exporting and creating jobs,writes FRANKLIN OCHENEYI • Image: Dangote Petroleum Refinery, Lagos. RECENTLY, the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso , urged commercial banks to lend…