Money

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Money

CBN Strengthens Supervisory Focus on Terrorism Financing Risk

BY NKECHI NAECHE-ESEZOBOR—The Central Bank of Nigeria (CBN) on Tuesday elevated terrorism financing supervision to a current supervisory priority, as part of its...

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Nigeria’s Q2 2026 Merchandise Trade Hits ₦41.44 Trillion

The Nigeria Breaue of Statistics,(NBS), on Monday said the nation’s Nigeria’s total merchandise trade grew to from ₦39,244.42 billion in Q2 2025 and...

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Nigeria’s Remittances Hit Record $947m in July, Nearing CBN’s $1bn Monthly Target

Nigeria recorded US$947 million in remittance inflows through International Money Transfer Operators (IMTOs) in July 2026, the highest monthly inflow ever recorded through...

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CBN Opens Applications for Second Cohort of Regulatory Sandbox Programme

The Central Bank of Nigeria has announced the commencement of the second cohort of its Regulatory Sandbox Programme, with a new dual-track structure...

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Sanwo-Olu, Fashola, Key Policy Leaders Advocate for Alternative Finance as Nigeria’s Growth Engine

The Alternative Bank (AltBank), on Thursday, hosted investors, entrepreneurs, wealth creators and institutional decision-makers to a private intelligence forum held in Victoria Island,...

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Cardoso, Okonjo-Iweala to Headline 7th Africa Emerging Markets Forum

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, and the Director-General of the World Trade Organisation (WTO), Dr. Ngozi...

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UBA Announces Tony Elumelu’s Retirement, Appoints Emmanuel Nnorom as Group Chairman

United Bank for Africa Plc has announced that Mr. Tony Elumelu, Group Chairman of UBA, will retire from the Board of Directors of...

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CBN Revokes Licences of 46 Microfinance Banks

BY NKECHI NAECHE-ESEZOBOR—The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks with effect from July 1, 2026,...