CBN - Central Bank Of Nigeria
Only 1.35 million BVN registrations recorded in 2024, total figure now 64.8 million
Despite all the encouragements and directives from the Central Bank of Nigeria, BVN registrations appeared to have slowed down in 2024 with only 1.35m new enrolments
CBN canvasses more digital payment as electronic transfers increase to N566.39 trillion
The total amount of N566.39 trillion in electronic transfers that took place between January and July shows how much Nigeria has embraced digital payments.
UBA, Zenith, Access set to welcome new rival as another bank seeks approval for commercial operation
Abbey Mortgage Bank Plc is asking shareholders for permission to proceed with its plan to transition from a mortgage bank to a regional commercial bank.
New data shows 2.14% rise in BVN enrolment as CBN, PenCom issue requirement order
The Nigeria Inter-Bank Settlement System has revealed that more Nigerians now have Bank Verification Numbers, which is a mandatory requirement for banking service.
“Critical challenge”: CBN shares plan to tackle commoditization of naira
In order to address the naira's further commoditization and restore its status as a valid national currency, CBN has put forth a comprehensive plan.
Manufacturers shun loans, turn to other fund sources as interest rates go higher
As the CBN continues to push benchmark interest rates upward, manufacturing companies in Nigeria are now turning away from loans to seek alternative funds.
CBN says 95% of bank debtors took loans from microfinance banks in 2024
Commercial banks in Nigeria appear to be losing the credit battle, as new data shows that over 95% of loans in 2024 were gotten from microfinance banks.
Airtel, Bua Food, Other Stocks Worth Trillions of Naira in Nigeria
According to analysis, as of the start of 2025, Airtel Africa, BUA Foods, and eleven other companies have formally surpassed them to become the top trillionaires.
CBN updates currencies' exchange rates as naira appreciates against US dollar
The Central Bank of Nigeria has provided the latest exchange rates as the Naira appreciates against the United States Dollar in both official and unofficial markets.
CBN - Central Bank Of Nigeria
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