30 results
- 28 Jul 2020
Nigerians, Firms Owe Banks N1.2Trillion- NBS
Banks’ non-performing loans stood at N1.2tn as of the end of June according to figures obtained from the Central Bank of Nigeria (CBN). Godwin Emefiele, governor, CBN This amounted to about 6.4 per…
- 30 Mar 2026
Recapitalisation: Nigeria Banks Suck in $13.53Bn Foreign Inflows in 2025
Foreign capital inflows into Nigeria’s banking sector rose to $13.53 billion in 2025, representing a 93.25 per cent increase from $7.00 billion recorded in 2024. CBN The surge comes as banks…
- 23 Feb 2020
Banks Must Seek CBN Approval to Sack Workers- Bankers Committee
Banks cannot terminate the employment of more than five staff without a prior notice to the Central Bank of Nigeria (CBN), a communique released by the Bankers Committee after its meeting on Friday,…
- 2 Jul 2016
CBN Governor Flags-off YEDP Training for Corps Members
Mr. Godwin Emefiele, Governor, Central Bank of Nigeria (CBN), has flagged-off the formal training of successful National Youth Service Corps (NYSC) members under the Youth Entrepreneurship…
- 26 May 2016
NITEC & Re-Engineering Nigeria’s Technological Ecosystem
The Central Bank of Nigeria (CBN’s) warning that the giant of Africa’s economy nears recession is not only disturbing, but heart-wrecking. The thinking is that by now, the Government and businesses,…
- 15 Dec 2008
CBN Shelves Commencement of Inflation Targeting
The Central Bank of Nigeria (CBN) said it has shelved the commencement of earlier scheduled inflation targeting expected to start in January, 2009 to enable the apex bank effectively fashion…
- 17 Oct 2025
Nigeria’s Inflation Drop: Has Life Become Any Easier?
By Blaise Udunze When the National Bureau of Statistics (NBS) yesterday announced that Nigeria’s inflation rate had dropped to 18.02 percent in September 2025, the news was met with official…
- 12 Dec 2014
FG Softens Conditions for N220Bn MSME Fund
Federal government has unveiled plans to relax the collateral conditions attached by the Central Bank of Nigeria (CBN) for banks to access the N220bn intervention fund for the Micro, Small and Medium…
- 17 Jul 2017
Inflations Decline: Analyst Urges CBN to Rectify Multiple Exchange Market
Although, Nigeria’s inflation rate fell for a fifth consecutive in June even as food-price growth surged, Lukman Otunuga, research analyst at Forex Times, has urged the Central Bank of Nigeria (CBN)…
- 24 May 2022
CBN Raises Interest Rate to 13 Percent
Central Bank of Nigeria (CBN) has raised interest rate in the country to 13 percent, showing an increase of 1.5 percent. The interest rate had been at 11.5 percent initially before the hike by the…
- 21 Jul 2026
CBN Retains Interest Rate at 26.5% as Cardoso Cites Global Uncertainty Despite Inflation Drop
Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR), the nation’s benchmark interest rate, at 26.5 per cent, citing heightened global uncertainties despite signs of resilience…
- 10 May 2017
Why Ponzi Schemes Thrive Despite Risks
Largely unheralded for a long time, Ponzi schemes came to the consciousness of the entire nation in 2016. With the descent of the Nigerian economy into its first full depression in over two decades,…
- 25 Jul 2021
CBN Gov, Others Risk Arrest over Alleged Financial Violations
House of Representatives may issue a bench warrant against Godwin Emiefele, governor of the Central Bank of Nigeria (CBN) and 53 other heads of government agencies for gross violation of the…
- 20 Nov 2016
CBN Proposes N100Bn Tax on Mobile Phone Users
Mobile phone users will be in for hard times if proposal by the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele to the federal government to introduce mobile phone call tax becomes a reality.…
- 1 Nov 2021
Banks Begin Recovery from Various Accounts of Chronic Debtors
Deposit Money Banks are recovering debts owed by chronic debtors from their accounts in other banks to curb the growth of non-performing loans in the industry, findings have revealed. Daily…
- 18 Aug 2014
Inflation Rises for fifth Consecutive Month to 8.3%
The National Bureau of Statistics (NBS) yesterday released the Consumer Price Index (CPI) for the Month of July stating that increases in the prices of bread, meat and cereals have pushed up the…
- 24 Jan 2021
Panic as Banks Mull Staff Cuts, Closure of Branches
Banks may soon begin to rationalise their operations through staff downsizing and branch closures in a bid to cope with the harsh realities occasioned by the second wave of the COVID-19 pandemic…
- 4 Oct 2017
Opinion: Nigeria Strides into Q4
By Lukman Otunuga, Research Analyst at FXTM Nigeria displayed its resilience in the global arena on repeated occasions this year, by confronting a currency crisis, navigating depressed oil prices and…
- 16 Jun 2017
Inflation Decline: Why CBN Should Remain Standby- Otunuga
The growing confidence in Nigeria’s economic recovery was bolstered on Thursday following reports that the nation’s rate of inflation declined for the fourth consecutive month in May to 16.25% , the…
- 11 Jun 2026
How a Regular Savings Culture Can Support Long-Term Financial Stability
By Osasikemwen Ighile, Brand Manager, FairMoney Microfinance Bank In today’s volatile economic climate, saving money is no longer just a prudent habit—it is a strategic necessity. The constantly…
- 8 Jun 2026
Telcos Fault Data of FDI Flow, Claim Investment of N1.86 Trillion on Service Expansion
Association of Licensed Telecom Operators of Nigeria (ALTON), official industry umbrella body and pressure group for major mobile network operators in the country, has faulted claims that foreign…
- 14 Oct 2015
Challenges before Buhari’s Ministers
With the clearing of some ministerial nominees by the Senate yesterday, a full component of President Muhammadu Buhari’s ‘Change’ team is almost ready, according to the Vanguard. Expectedly, if the…
- 2 Nov 2009
Inflation Looms as Cost of Living Rises
Manufacturers and traders in basic goods and services in the country are reviewing their prices upward by as much as 20 per cent in reaction to the continued concomitant rise in cost-of-living,…
- 5 Jul 2023
Telecoms Investment in Nigeria now $75.6bn, Danbatta declares
Prof. Umar Garba Danbatta, Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), has officially announced that the investment profile in the nation's telecommunications…
- 23 Jan 2026
How Inside Jobs and Policy Shocks Trigger Nigeria’s Rising Loan Crisis
By Blaise Udunze The latest in the Nigerian banking sector, as banks grapple with the recapitalization compliance deadline, is confronted with a familiar yet unsettling problem that stems from rising…
- 4 Jan 2019
FG May Hike Pump Price, Devalue Naira, Others This Year
FSDH Research, trusted providers of market intelligence has said that certain key events, both at the global level and in Nigeria, will influence economic and business activities in 2019. FSDH…
- 28 Apr 2024
The NCC, Telcos and the Tariff Discourse
By Dr. Falade Muritala Adesola The telecoms sector in Nigeria is viewed by some as a model of regulatory excellence. Other African countries often visit Nigeria to study the sector, aiming to…
- 31 Aug 2016
Recession: Don’t Stop Diversification Policy FXTM Analyst to FG
An undeniable feeling of disappointment engulfed the Nigerian economy on Wednesday following the 2.06% contraction in the second quarter GDP which confirmed that the nation had descended into a…
- 3 Sept 2016
Buhari Clueless on How to Overcome Recession –PDP
Peoples Democratic Party (PDP) has said that the President Muhammadu Buhari administration lacks the fiscal discipline, knowhow and resolve to move the country out of recession. The PDP said…
- 1 Mar 2017
NBS Report: Web of Alternative Forex Blocks Economic Recovery- Otunuga
Lukman Otunuga, an economic expert with penchant in the currency market, has rued that Nigeria’s web of alternative foreign exchanges remains a major stumbling block to a sustainable economic…