Nigeria’s bank recapitalisation has strengthened financial institutions, but affordable credit, small-business financing, investment and job creation remain key tests of economic progress.
Tag: CBN
CBN Withdraws ₦3.31tn From Banks as ₦2.17tn OMO Maturities Return Liquidity!
The CBN withdrew ₦3.31 trillion through its latest OMO auction as ₦2.17 trillion in maturing bills returned liquidity to Nigeria’s banking system, resulting in a net withdrawal of about ₦1.14 trillion.
Emefiele Trial: Witness Says Former CBN Governor Was Not Signatory to ₦124.86bn Withdrawal!
A prosecution witness has told an Abuja court that Godwin Emefiele was not a signatory to the Consolidated Revenue Account and that the former CBN governor was not linked to the ₦124.86 billion withdrawal.
Sync Finance Appoints Paul Onwuanibe as Board Chairman After CBN Clearance!
Sync Finance Company has appointed Paul Onwuanibe as chairman of its board after receiving no-objection clearance from the Central Bank of Nigeria.
Nigeria’s External Earnings Rise to $20.08bn in Q2 as Current Account Surplus Hits $7.54bn!
Nigeria’s external earnings rose to $20.08 billion in Q2 2026 as stronger oil, gas, refined petroleum and non-oil exports helped lift the current account surplus to $7.54 billion.
CBN Urges Nigerians to Handle Naira With Care as Kano Campaign Targets Traders!
The CBN has urged Nigerians, especially Kano traders, to handle naira notes with care and dignity to extend their lifespan and reduce replacement costs.
CBN Probes Banks Over Restrictions on Customers’ Access to Forex Accounts!
CBN probes reported restrictions by Nigerian banks on customers’ access to forex accounts as the regulator continues reforms aimed at improving transparency, liquidity and compliance in the foreign exchange market.
Naira Strengthens to N1,375/$ in Parallel Market as Official Rate Falls to N1,328!
Nigeria’s naira strengthens to N1,375 per dollar in the parallel market and N1,328 at NFEM as the gap between the two markets narrows.
CBN Cuts Monetary Policy Rate to 23% in Major Interest Rate Reduction!
The Central Bank of Nigeria has cut the Monetary Policy Rate from 26.5% to 23%, signalling a major shift in monetary policy as inflation moderates.
Why Nigerian Farmers Still Struggle to Access Agricultural Finance Despite Lending Programmes!
Nigeria’s agricultural finance gap goes beyond a shortage of loans. Weng Global Explain examines how infrastructure, research, financial products and farming realities affect access to agricultural finance.
Sanusi Admits Delaying Telcos in Nigeria’s Financial Sector Was a Mistake!
Muhammadu Sanusi II has admitted that delaying telcos’ entry into Nigeria’s financial services sector slowed financial inclusion and discussed lessons for digital finance.