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CBN Defends 75% Reserve Requirement on Public Sector Deposits to Curb Inflation
25 Oct

CBN Defends 75% Reserve Requirement on Public Sector Deposits to Curb Inflation

Nigeria’s central bank says the policy is designed to manage banking-system liquidity and strengthen monetary policy transmission, while broader reforms

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Nigerian Businesses Need More Than Loans to Scale, Says Finance Minister Oyedele
25 Oct

Nigerian Businesses Need More Than Loans to Scale, Says Finance Minister Oyedele

Nigeria’s finance minister says patient capital, experienced investors and institutional support are critical to turning small businesses into globally competitive

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JPMorgan Wins Initial CBN Approval for Nigerian Merchant Bank After $38 Million Deposit
24 Oct

JPMorgan Wins Initial CBN Approval for Nigerian Merchant Bank After $38 Million Deposit

The proposed bank would expand the US lender’s local operations, opening the door to greater competition in corporate finance, trade

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Nigeria Remains Africa’s Third-Largest Economy at $386.7bn as Poverty Persists
20 Oct

Nigeria Remains Africa’s Third-Largest Economy at $386.7bn as Poverty Persists

Nigeria is projected to remain Africa’s third-largest economy in 2026, with a nominal gross domestic product (GDP) of $386.67 billion,

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