Tag: CBN

Nigeria’s Economic Growth Continues as PMI Hits 53.2

Nigeria's Economic Growth Strengthens as CBN PMI Rises to 53.2 in October…

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Dapo Olagunju to Lead JPMorgan’s Proposed Nigeria Bank

Dapo Olagunju to Lead JPMorgan’s Proposed Merchant Bank in Nigeria Nigerian banking…

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N2.06tn in Personal Loans Highlights Growing Pressure on Nigerian Households

Personal loans obtained by Nigerians rose to an estimated N2.06tn in May…

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High Living Costs Push Nigerians to Delay Homes, Investments, CBN Says

Nigerian households became more pessimistic about their economic and financial conditions in…

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Tinubu Orders Banks to Shift Loans From Government to Businesses

President Bola Ahmed Tinubu has urged Nigerian banks to reduce their reliance…

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Nigeria Food Inflation Climbs as Households Face Rising Living Costs

Nigeria’s inflation picture is showing mixed signals as headline inflation continues to…

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CBN Reports Increase in Housing and Mortgage Credit Demand

More Nigerians are turning to bank loans to finance the purchase and…

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NDIC Starts Compensation for Customers of 46 Closed Microfinance Banks

The Nigeria Deposit Insurance Corporation (NDIC) has commenced the payment of insured…

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Naira Strengthens to N1,369/$ at Official Market, N1,385/$ on Parallel Market

The Nigerian naira recorded gains against the United States dollar on Wednesday,…

CBN Revokes Licences of 46 Microfinance Banks Nationwide

The Central Bank of Nigeria (CBN) has revoked the operating licences of…