By Radarr Africa Business Desk LAGOS, November 9 (Radarr Africa) – The World Bank Group has committed $200 million in loans to Nigeria to boost domestic fish production and cut …
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Why Are Tech Companies Pulling Back From Nigeria?
BY :Ogundana Boluwatife Nigeria has millions of potential customers for digital payments, ride-hailing, online services and financial technology. Yet, in 2026, several technology businesses have shut down, withdrawn from specific …
The World Bank Group plans to help Nigeria mobilise up to $5.79 billion in private financing in 2026, targeting small businesses, digital infrastructure, agriculture and industrial production. The strategy combines …
c The Bank of England (BoE) kept its benchmark interest rate unchanged at 3.75 percent on Thursday, extending its pause for a sixth consecutive meeting. The decision came as UK …
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S&P Upgrade Boosts Confidence in Nigeria’s FX Reforms and Economic Outlook
Nigeria’s recent upgrade by S&P Global Ratings to a “positive” outlook has strengthened confidence in the Central Bank of Nigeria’s (CBN) ongoing currency reforms and economic policies. Analysts say the …
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IMF Commends Nigeria’s Economic Reforms, Projects 3.9% Growth in 2025
The International Monetary Fund (IMF) has praised Nigeria’s ongoing economic reforms led by the Central Bank of Nigeria (CBN) under the leadership of its Governor, Mr. Olayemi Cardoso. The global …
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CBN and Bank of Angola Sign MoU to Strengthen Bilateral Financial Cooperation
The Central Bank of Nigeria (CBN) and the Bank of Angola have signed a Memorandum of Understanding (MoU) to deepen bilateral cooperation and strengthen capacity in central banking operations between …
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CBN Governor Olayemi Cardoso Says Nigeria Has Built Strong Economic Buffers Against Global Shocks
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said that Nigeria has built strong economic buffers and resilience to withstand global and domestic financial shocks through …
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CBN Cuts Benchmark Rate to 27% in First Policy Shift Since 2020 Pandemic
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has, for the first time since the Covid-19 pandemic in 2020, reduced the benchmark interest rate, signalling a cautious …
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Banks That Have Fully Met the New CBN Minimum Capital Base (Access, Zenith, Stanbic IBTC, Wema, Lotus, Gtbank)
The Central Bank of Nigeria’s directive on the recapitalisation of banks has continued to shape discussions in the financial sector. Since the announcement, attention has been focused on which banks …