According to the Central Bank of Nigeria (CBN), 33 banks met the revised minimum capital requirements, with domestic investors providing approximately 72.55% of the funds.
The Central Bank of Nigeria has begun digitalising its Sub-National Fiscal Survey across the 36 states, the Federal Capital Territory and 774 local government areas to improve the quality and frequency of fiscal data used for economic policymaking.
The Association of Bureaux De Change Operators of Nigeria (ABCON) has warned that ongoing regulatory reforms could weaken the retail foreign exchange market if Bureau De Change operators are unable to remain commercially viable.
The currency strengthened to N1,346.79 per dollar on November 6, compared with N1,436.74 recorded on the corresponding date in 2025, representing a gain of N89.95 against the dollar.
The guidelines, titled Regulations for the Operations of Non-Security Virtual Assets in Nigeria, establish requirements for the issuance, distribution, conversion, custody, transfer, redemption and settlement of regulated virtual assets.
The Central Bank of Nigeria (CBN) absorbed ₦3.46 trillion from the financial system through its latest Open Market Operations (OMO) and Treasury bills auctions, as strong investor demand allowed the apex bank to increase its allotments despite leaving substantial bids unaccepted.
Investors offered ₦5.57 trillion for Nigerian money-market securities this week, more than twice the amount advertised, as the Central Bank of Nigeria (CBN) stepped up efforts to absorb excess liquidity while holding down the government's short-term borrowing rates.
One significant development has been the attempt to restore the CBN's core mandate. Ways and Means financing reportedly declined from approximately N26.95 trillion in 2023 to N2.84 trillion by January 2026. Subject to comparable accounting definitions, this suggests progress towards restoring the boundary between fiscal and monetary policy.
Moniepoint's growth has been closely associated with its merchant payment business and the expansion of point-of-sale services across Nigeria. For traders and other small businesses, reliable electronic payment acceptance has become increasingly important.
Investors behind the proposed Coin Finance Company Ltd have asked the Central Bank of Nigeria (CBN) to refund ₦100.35m paid for a finance house licence, with applicable interest, after the suspension of new applications stalled their plans to establish the institution.
Twelve years after joining Zenera Consulting as an intern, Musa Oladipupo has risen to the firm's partnership, securing a senior leadership position with expanded commercial powers as the consultancy responds to growing business activity and an expanding client portfolio.
