According to a statement by its managing director, Hamid Joda, the bank won the ‘Best Islamic Bank in Nigeria’ award through a global survey conducted by the IFN. Mr Joda attributed the bank’s global ...
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to enhancing economic cooperation between Nigeria and the Kingdom of Saudi Arabia, according to a statement released on Sunday. CBN Gove...
Analysis of the CBN data showed that a significant portion of the N5.24 trillion, N4.74 trillion, or 90.4 per cent, was held outside the banking system, reflecting the continued dominance of cash tran...
The African Development Bank (AfDB), in its 2025 Macroeconomic Performance and Outlook (MEO) report has revealed that Africa’s economic performance is showing signs of improvement but remains vulnerab...
The Centre for the Promotion of Private Enterprise (CPPE) has commended the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) for its decision to pause rate hikes. Dr. Muda Yusuf, C...
He stated that while the recently rebased Consumer Price Index (CPI) indicates a year-on-year headline inflation rate of 24.48 percent, which reflects the country’s economic realities, this figure rem...
Kuda Bank, a Nigerian neobank, raised an undisclosed equity round in 2024, securing additional capital after its operational costs spiked losses and led to a decline in cash reserves. In 2023, Kuda’s ...
The Central Bank of Nigeria monetary policy committee has voted to hold all rates across board with the headline monetary policy rate held at 27.5%. This was announced by the central bank governor, Ye...
Nigeria’s broad money supply (M3) rose to N110.98tn in January 2025, representing a 17.3 per cent year-on-year increase from N94.61tn recorded in January 2024. The latest figures, sourced from the Cen...
The directive, outlined in a circular dated February 17, 2025, and signed by Michael Akuka on behalf of the director of the Financial Policy and Regulation Department, seeks to enhance transparency an...
