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Fidelity Bank Secures Further NGX Extension for H1 2026 Results
Business

Fidelity Bank Secures Further NGX Extension for H1 2026 Results

Fidelity Bank Plc has secured another extension from the Nigerian Exchange Limited (NGX) for the publication of its audited financial statements for the...

Banks Cut CBN Deposits by N942 Billion in One Day
NigeriaEconomy

Banks Cut CBN Deposits by N942 Billion in One Day

Nigerian banks sharply reduced the amount of money they kept with the Central Bank of Nigeria (CBN) through its Standing Deposit Facility (SDF),...

Naira Breaks Below N1,500 per Euro for First Time in Two Years
NigeriaEconomy

Naira Breaks Below N1,500 per Euro for First Time in Two Years

The naira has strengthened beyond the N1,500-to-the-euro mark for the first time since April 2024, supported by improved foreign exchange conditions and a...

CBN Attracts N12.14tn in OMO Bids as Investors Chase High-Yield Securities
NigeriaEconomy

CBN Attracts N12.14tn in OMO Bids as Investors Chase High-Yield Securities

The Central Bank of Nigeria attracted N12.14 trillion in bids from investors in two Open Market Operations auctions held in the final week...

Banks Cut CBN Deposits by N942 Billion in One Day
Economy

Personal Loans Rise To N2tn As Nigerians Borrow More

Personal loans obtained by Nigerians rose to an estimated N2.06tn in May 2026, as households increasingly turned to credit amid rising living costs...

CBN Says Bank Recapitalisation Is a Starting Point, Not the End of Reform
EconomyNigeria

CBN Says Bank Recapitalisation Is a Starting Point, Not the End of Reform

The Central Bank of Nigeria (CBN) has said the stronger capital base achieved through the banking sector recapitalisation programme is only the beginning...

LCCI Says CBN Rate Cut Could Boost Private Investment and Economic Activity
BusinessEconomyNigeria

LCCI Says CBN Rate Cut Could Boost Private Investment and Economic Activity

The Lagos Chamber of Commerce and Industry (LCCI) has said the Central Bank of Nigeria’s decision to reduce the Monetary Policy Rate (MPR)...

Reps Panel Demands CBN, Others Submit Audited Accounts for Scrutiny
EconomyBusinessNigeriaPolitics

Reps Panel Demands CBN, Others Submit Audited Accounts for Scrutiny

The House of Representatives Committee on Delegated Legislation has written to the Central Bank of Nigeria (CBN) and other relevant institutions seeking audited...