By Babajide Komolafe, Economy Editor The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has continued to drive his vision of regulatory excellence aimed at strengthening Nigeria’s financial system. The ongoing bank recapitalisation exercise, with about 20 banks already meeting the new minimum capital requirements, underscores the apex bank’s resolve to entrench […]

By Babajide Komolafe Nigeria’s participation in the Pan-African Payment and Settlement System (PAPSS) recorded a sharp contraction in the first half of 2025, as the value of cross-border transactions processed through the platform fell by 53 per cent to N5.6 billion. The Central Bank of Nigeria, CBN, disclosed this in its Financial Stability Report, June 30th, […]

Currency in circulation hits N5.4trn lCredit to govt rises 29% By Elizabeth Adegbesan Nigeria’s Money Supply (M²) grew by 1.2 percent month-on-month (MoM) to N124.4 trillion in December 2025, from N122.9 trillion the previous month.  This is contained in Central Bank of Nigeria, CBN,  Money and Credit Statistics released over the weekend. The data indicated that […]

By Babajide Komolafe The Asset Management Corporation of Nigeria, AMCON, recorded a 27.87 per cent increase in cash recoveries to N66.12 billion in the first half of 2025, H1’25 from N51.71 billion at end-December 2024. The Central Bank of Nigeria, CBN disclosed this in its Financial Stability Report for H1’25 noting that the stronger recovery performance […]

…As fuel tops export list By Emma Ujah, with agency reports Nigeria’s exports to Africa reached N4.82 trillion in the first half of 2025, up 14% year-on-year compared to N4.21 trillion in the first half of 2024. West Africa absorbed over 62% of Nigeria’s continental exports. Bashir Adewale Adeniyi, Comptroller General of the Nigeria Customs Service, […]

By Progress Godfrey  The Federal Government has initiated measures to empower 14 million smallholder farmers as key drivers of the Cassava Bio-ethanol Value Chain Development Project, aiming to reduce fuel import costs and strengthen Nigeria’s bio-economy. This was disclosed by the Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, in a statement signed by […]

…Reduces resolution time of failed transactions By Emma Ujah, Abuja Bureau Chief   The Central Bank of Nigeria (CBN) has established New Minimum Standards for ATM Deployment, Operations, Maintenance, and Security.   The apex bank said the new ratio contained in its circular titled, “Exposure of the Draft Guidelines on the Operations of Automated Teller Machines (ATMs) in […]

By Peter Egwuatu  The Nigerian stock market closed  Week on Week, WoW,  last week in a negative territory as broad-based profit taking intensified across key sectors, outweighing buying interest and reversing the bullish trend of the previous weeks. Specifically, the Nigerian Exchange Limited, NGX, All Share Index, ASI, which represents the barometer of the stock market […]

“Education, certification and entry-level training are failing to translate into industry-ready manpower, leaving firms to shoulder the burden of retraining while slowing execution and raising costs.”

US President Trump has warned Canada that if it concludes a trade deal with China, he will impose a 100 percent tariff on all its goods