The Journal seeks to become the most reliable, first-choice Pan-Nigerian information and public knowledge platform. The Journal Nigeria is a serious Journalism from an African Worldview
The Journal seeks to become the most reliable, first-choice Pan-Nigerian information and public knowledge platform. The Journal Nigeria is a serious Journalism from an African Worldview
Nigerian commercial lenders pulled N537.6bn out of private sector loan books in September, demonstrating how quickly punishing cash reserves choke commerce despite official claims of monetary easing. Fresh money market figures from the Central Bank of Nigeria show that total credit to businesses and households dropped to N83.93trn, retreating from the N84.47trn recorded in August….
Shareholders of Nigeria’s biggest lenders walked away from the 2025 financial year with a story of two markets. Six banks cleared the Central Bank of Nigeria’s eligibility test and pushed out a combined N1.27 trillion in dividends, according to findings published by Financial Vanguard. Five others, profitable on paper and in some cases record…
More than nine out of every ten naira in circulation remains outside the formal banking system despite aggressive digital payment initiatives. The latest Money and Credit Statistics released by the Central Bank of Nigeria revealed that cash held outside banks climbed to N5.19tn in May. This figure marks a steady increase from the N5.08tn recorded…
The Central Bank of Nigeria (CBN) has formally announced the conclusion of its 24-month banking sector recapitalisation programme, with participating lenders raising a combined N4.65 trillion in fresh capital. Domestic investors accounted for 72.55 per cent of the total funds raised, contributing approximately N3.37 trillion, while international investors supplied the remaining 27.45 per cent,…
The Central Bank of Nigeria has extended the deadline for commercial banks to automate their anti-money laundering systems. Lenders now have 18 months to meet these baseline standards, while smaller financial institutions have two years. This shift moves the goalposts from a previously proposed 12-month window. The apex bank wants every transaction under its watch…
The Central Bank of Nigeria (CBN) has confirmed that 30 banks have successfully met the new minimum capital thresholds ahead of the March 31 deadline. Mrs. Hakama Sidi Ali, the Acting Director of Corporate Communications, disclosed on Friday that 33 lenders have raised fresh capital through rights issues, private placements, and initial public offerings. The…
Nigeria’s lenders are currently engaged in a frantic scramble for cash. According to the Central Bank of Nigeria (CBN), the industry has successfully mobilised ₦4.05trn to meet new, more aggressive capital thresholds. Of the 33 banks under the microscope, 20 have already crossed the finish line. The remaining 13 are staring at a clock that…