CBN Says 20 Banks Meet New Capital Requirements, Shifts Focus to Credit Growth
The Central Bank of Nigeria (CBN) has disclosed that about 20 deposit money banks have already met the new capital ...
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Tag: #CBN
FX Inflows Rebound in December as CBN Steps Up Dollar Sales
Foreign exchange (FX) inflows into Nigeria’s currency market rebounded sharply in December, driven largely by increased dollar sales from the ...
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UBA Surpasses CBN Capital Requirement After Raising N157.84bn from Rights Issue
United Bank for Africa Plc (UBA) has exceeded the N500 billion minimum capital requirement set by the Central Bank of ...
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CBN Warns Bank Recapitalisation May Crowd Out Non-Bank Issuers in Capital Market
The Central Bank of Nigeria (CBN) has cautioned that the ongoing banking sector recapitalisation could heighten concentration risk in Nigeria’s ...
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RMB Nigeria Meets CBN’s New Minimum Capital Requirement Ahead of Deadline
Rand Merchant Bank Nigeria Limited (RMB Nigeria) has announced that it has successfully met the new minimum capital requirement set ...
Read moreNigeria’s Current Account Balance Seen Rising to $18.81bn in 2026 — CBN
The Central Bank of Nigeria (CBN) has projected that Nigeria’s current account balance will rise to $18.81 billion in 2026, ...
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Naira Opens 2026 Stronger, Trades at N1,430.84/$ on Improved FX Stability
The naira began the first trading day of the New Year on a positive note, appreciating to N1,430.84 per dollar ...
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Nigeria Shuts 229 Bank Branches as PoS, Digital Banking Gain Ground
Nigeria’s banking industry is accelerating its transition toward digital and agent-based services, with 229 physical bank branches shut across the ...
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CBN Tightens Grip as Banking Sector Races to Meet 2026 Recapitalisation Deadline
Nigeria’s banking sector is witnessing heightened activity as the Central Bank of Nigeria (CBN) intensifies enforcement of its ongoing recapitalisation ...
Read moreCBN Orders Banks to Ensure Seamless Use of Foreign Payment Cards Nationwide
The Central Bank of Nigeria (CBN) has directed all banks and other financial institutions to ensure the seamless acceptance and ...
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Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.