Tag: Central Bank of Nigeria

Abbey Bank plans to start commercial banking in Q4 2026, expanding beyond mortgages into retail, business and corporate banking.

Timilehin Adejumobi October 22, 2026

JPMorgan Nigeria banking license moves closer as the US banking giant deposits N50 billion ($38 million) with Nigeria's central bank.

Timilehin Adejumobi October 20, 2026

Nigeria’s foreign exchange reserves climbed to $52.66 billion as crude receipts and portfolio inflows eased pressure on the naira.

Omokolade Ajayi August 25, 2026

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

Timilehin Adejumobi July 24, 2026

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

Oluwatosin Alao June 29, 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 June 18, 2026

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

Timilehin Adejumobi May 6, 2026

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