The Bank of Industry (BOI) has announced a significant N5 billion loan facility to United Bank for Africa (UBA). This funding aims to support the […]
Category: Banking
Cardoso Advocates Stronger Collaboration with NDIC
The Governor of the Central Bank of Nigeria (CBN), Mr. Yemi Cardoso, has emphasized the need for increased synergy with the Nigeria Deposit Insurance Corporation […]
Bank of England Poised to Cut Interest Rates
The Bank of England is expected to announce a cut in interest rates soon. This decision comes amid ongoing economic challenges and inflationary pressures. Analysts […]
CBN Clarifies Early Exit Package Is Not Region-Specific
The Central Bank of Nigeria (CBN) has clarified that its Early Exit Package (EEP), launched in 2024, is entirely voluntary. CBN Governor Yemi Cardoso emphasized […]
CBN Expands Naira Card Usage Abroad
In recent years, the Central Bank of Nigeria (CBN) has undertaken significant reforms to address long-standing challenges in the financial sector. One of the key […]
CBN Announces 301st MPC Meeting for July 21–22
The Central Bank of Nigeria (CBN) has officially scheduled its 301st Monetary Policy Committee (MPC) meeting for July 21 and 22. CBN Governor Yemi Cardoso […]
IMF Praises CBN’s Economic Reforms Amid Signs of Recovery
The International Monetary Fund (IMF) has praised the Central Bank of Nigeria (CBN) for its recent economic reforms. In its latest Article IV Consultation, the […]
CBN Warns of Rising Inflation Amid Increasing Input Costs
The Central Bank of Nigeria (CBN), led by Governor Yemi Cardoso, has issued a warning about potential inflation. The rise in input costs across key […]
DBN Honors Partner Financial Institutions at Annual Awards Ceremony
The Development Bank of Nigeria (DBN) recently celebrated its Partner Financial Institutions (PFIs) during the annual DBN Service Ambassadors’ Awards Ceremony held in Abuja. The […]
Bank of Industry Launches Ambitious Strategy to Empower 12 Million Artisans
The Bank of Industry (BoI) has unveiled a bold new strategy aimed at empowering 12 million artisans across Nigeria. This initiative seeks to enhance the […]