30 results
- 8 May 2025
CBN Raises N598.3Bn Through Treasury Bills Auction
Central Bank of Nigeria (CBN) has allotted N598.33 billion in Nigerian Treasury Bills across three different maturities, with the 365-day bill dominating the auction, accounting for 80 percent of…
- 4 May 2026
CBN to Raise N700Bn in First Treasury Bills Auction this May
Central Bank of Nigeria (CBN) is set to raise N700 billion through a Nigerian Treasury Bills auction scheduled for May 7, marking its first issuance for the month in line with its second-quarter…
- 19 Apr 2026
FG Borrows N100Bn from Unclaimed Dividends, Dormant Bank Accounts
Federal government has recorded a N100 billion borrowing from unclaimed dividends and dormant bank accounts, as new data from the Debt Management Office (DMO) showed that funds warehoused under the…
- 13 Apr 2023
Unclaimed monies in dormant accounts to be invested in T-Bills – CBN
Central Bank of Nigeria (CBN) says it will mop up all dormant account balances and unclaimed balances in banks into a Trust Fund account which will ultimately be invested in Treasury Bills. This is…
- 5 Mar 2016
Banks Hit by Dollar Restraint, Delay Forex Loan
There were indications yesterday that restriction on the dollar by the Central Bank of Nigeria (CBN) is adversely affecting banks in Nigeria, as it has forced a delay of hard currency loan and trade…
- 5 Nov 2025
Banks Cash Out, Economy Loses Out: How Nigerian Banks’ N5.05Trn Government Securities Boom is Stifling Real Growth
By Blaise Udunze In a year when Nigeria’s economy continues to groan under the weight of inflation, unemployment, and weak purchasing power, the banking sector has once again recorded a massive…
- 9 Aug 2024
Strengthening Nigeria’s Financial Future: The Imperative of Domestic Investment and Market Stability
By Aigbovbioise Aig-Imoukhuede Nigeria stands at a pivotal juncture in its economic trajectory, navigating through a myriad of challenges and opportunities. The country’s financial outlook is being…
- 22 Nov 2016
Reps Approve N70.6Bn For NCC In 2016 Budget
The House of Representative on Tuesday approved a budget of ₦70,672,492,000.00 for the Nigeria Communication Commission (NCC) for 2016, as it passed “the Nigerian Communication (NCC) Appropriation…
- 15 Dec 2020
FCMB Suspends N30Bn CP over Price Distortion
First City Monument Bank Limited, the flagship company in the FCMB Group Plc, has suspended its planned capital raiser of about N30 billion in short-term debt capital through the issuance of…
- 3 Mar 2021
DMO Clears Air on Alleged Missing N2.2 Trillion
Debt Management Office (DMO) has declared that N2. 2 trillion, which could not be traced by the National Assembly is not missing. The DMO in a statement said: “The provisions in the Annual…
- 29 Mar 2024
CBN Reports over $1.5Bn Forex Inflow
Central Bank of Nigeria, CBN, said over $1.5bn inflow into the country has been recorded in the past few days. This development, the apex bank’s Acting Director of the Corporate Communications…
- 26 May 2015
AfDB Worries over Nigeria’s $67.7Bn Debt
African Development Bank (AfDB), has released its African Economic Outlook 2015, and cautioned against Nigeria’s rising public debt profile which it put at $67.7 billion as at December 2014.…
- 9 Jul 2021
CBN Releases Guidelines, Framework for Mobile Money Services
The Central Bank of Nigeria, CBN, today released Regulatory Guidelines and Framework for Mobile Money Services in the country. According to CBN, the introduction of mobile telephony in Nigeria and…
- 18 Nov 2025
A dangerous Concentration of Power: Is CBN’s Fixed Income Securities Takeover a Ticking Bomb for Nigeria’s Economy?
By Blaise Udunze The Central Bank of Nigeria’s decision to take full control of government securities issuance has been described by some as a bold move toward transparency and market efficiency.…
- 21 Nov 2025
CBN’s N75 Trillion Credit Milestone to Private Sector Falls Flat as Productivity Crisis Deepens
By Blaise Udunze Nigeria’s financial system is flashing red, and not because of a scarcity of money. Ironically, the Central Bank of Nigeria (CBN) and the nation’s banking proudly tout a historic…
- 9 Oct 2016
Pension Funds Shift to Bonds as Currency Woes Deter Equity Investors
Nigerian pension funds have been selling equities and shifting to local bonds despite cheap valuations as illiquid currency markets limit foreign participation in the stock market. Dave Uduanu, who…
- 24 Apr 2025
CBN Puts Accumulated Savings, Liquid Assets by Nigerians at N75.65trn
Amid mounting macroeconomic uncertainty, Nigerians are leaning heavily towards savings and low-risk financial instruments, with recent data from the Central Bank of Nigeria (CBN) showing a marked…
- 14 Jul 2020
Coronation Research Releases Report on the Nigerian Investment Terrain
Coronation Research has published its report on the Nigerian Investment landscape titled ‘Navigating the Capital Market: the Investor’s Dilemma’. The revolutionary report studies the Nigerian…
- 12 Feb 2019
Agusto & Co Assigns a ‘Bb‘ Rating to the Nigerian Insurance Industry
Agusto & Co Limited, leading Pan African credit rating agency in Nigeria for over 26 years has assigned a “Bb“ rating to the Insurance Industry in its newly published 2019 Nigerian Insurance…
- 21 Nov 2019
Fintechs Dangle Loans Online without Collateral
A growing number of Nigerians are now getting loans to meet their daily financial needs, thanks to the boom in financial technology industry. Whether it’s a personal loan, medical loan, rent…
- 8 Oct 2025
N21trn Illusion: How Banks’ Appetite for Government Debt Chokes Growth
By Blaise Udunze In a healthy economy, banks serve as the arteries through which capital flows to productive enterprises, creating jobs, stimulating innovation, and driving national prosperity. In…
- 28 Jun 2019
FBNQuest Asset Management Renames Heritage Fund to FBN Balanced Fund
FBNQuest Asset Management, a subsidiary of FBNQuest Merchant Bank and part of the FBN Holdings Plc group, has proposed a change in the name of the ‘FBN Heritage Fund’ to the ‘FBN Balanced Fund’. The…
- 23 Nov 2009
Petroleum Bill Critical to Banking Reform- Sanusi
Malam Sanusi Lamido Sanusi, governor of the Central Bank of Nigeria (CBN) has said that petroleum bill is critical to banking reform and urged the Nigerian National Petroleum Corporation (NNPC) to…
- 8 Oct 2023
CBN Quarantines N700Bn Banks’ Deposits
Central Bank of Nigeria (CBN) last week debited commercial banks over N700 billion (as surveyed), speculatively based on Lending Deposit Rate (LDR) guidelines, which depleted liquidity. According to…
- 7 Sept 2016
MTN Tests Nigeria’s IPO with Bond Offer
MTN Group Ltd. plans to gauge investor interest in a possible bond offering as Africa’s biggest mobile-phone company by sales seeks funds to pay for dividends, capital expenditure and a record 330…
- 21 Oct 2020
Ecobank Applauded Over Its Innovative Digital Technology
Experts and industry stakeholders at the Ecobank forum have applauded the banks huge investment in innovative digital technology. With proper engagement, transparent exchange rate and a pan African…
- 2 Apr 2018
Vetiva Securities Launches Mobile Stock Trading App
Vetiva Securities Limited has announced the launch of Griffin Mobile, a Mobile App which enables individual investors to manage their stockbroking accounts on their smartphones and execute trades…
- 29 Oct 2023
Tinubu, Others Sued over Bid to Securitise N23Trillion Ways and Means Loan
President Bola Tinubu, the Central Bank of Nigeria (CBN), the Debt Management Office (DMO) and four others have been dragged before a Federal High Court in Abuja, over bid to securitise the sum of…
- 25 Oct 2020
Financial Literacy: Stanbic IBTC Educates Preteens, Teenagers
In a bid to increase financial literacy amongst the younger generation, Stanbic IBTC Holdings PLC, recently held virtual sessions to educate preteens and teenagers on how to develop a savings and…
- 12 Aug 2020
I-invest Opens Equities Market to More Nigerians
New and experienced retail investors can now own a piece of the companies listed on The Nigerian Stock Exchange (NSE) using the i-invest app on their smartphones from the comfort of their offices or…