Tag: Central Bank of Nigeria

CBN
BusinessHot News

Nigeria’s money supply climbs to $98 billion despite tight monetary policy

Nigeria money supply climbed to $98 billion in June 2026 as deposit growth offset tight CBN monetary policy and high interest rates.

Timilehin Adejumobi Timilehin Adejumobi
ProvidusUnity Bank
BusinessHot NewsTechnology

ProvidusUnity Bank begins operations after landmark Nigeria bank merger

ProvidusUnity Bank began operations after the merger of Providus Bank and Unity Bank, expanding digital banking and financial inclusion.

Oluwatosin Alao Oluwatosin Alao
The Central Bank of Nigeria.
Hot NewsBusiness

Oil exports lift Nigeria’s current account surplus to $4.98 billion in Q1 2026

Oil and gas export growth lifted Nigeria's current account surplus to $4.98 billion in Q1 2026 as refined petroleum imports plummeted.

Omokolade Ajayi Omokolade Ajayi
Access Bank headquarters in Lagos, corporate headquarters of Access Holdings Plc.
BusinessHot News

Nigeria’s Access Bank to sell foreign units after Central Bank order

Access Bank plans to scale back foreign units after Central Bank of Nigeria caps overseas exposure at 10% of shareholders’ funds.

Timilehin Adejumobi Timilehin Adejumobi