Pan-African credit rating agency, Agusto & Co., has reaffirmed the ‘A3’ rating of Abbey Mortgage Bank with a stable outlook, citing the bank’s low leverage, consistent financial fundamentals, and improved …
BankingBusinessEconomyFinanceNigeria
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CBN
- BankingBusinessCapital MarketEconomyFinanceINVESTMENTNigeria
FCMB Group’s N160bn Public Offer Aims to Build Stronger Financial Base
The Group Chief Executive Officer of FCMB Group Plc, Mr. Ladi Balogun, has said that the company’s ongoing N160 billion public offer will help strengthen its capital base and support …
- Debt Management,EconomyFinanceGOVERNMENTNigeriaPolicies
NOA Says Nigeria’s Debt Has Reduced Under Tinubu Despite DMO’s ₦152.4 Trillion Report
The National Orientation Agency (NOA) has said that Nigeria’s debt burden has “significantly decreased” since President Bola Tinubu took office in 2023, dismissing public claims that the country’s debt has …
- BankingBusinessEconomyFinanceINVESTMENTNigeria
Abbey Mortgage Bank Records N1.45bn Profit, Grows Earnings by 56% in Nine Months of 2025
Meta Description: Abbey Mortgage Bank Plc has posted a profit after tax of N1.45 billion for the nine months ended September 2025, a 56% increase driven by higher interest income …
- Central BankingEconomyGlobal MarketsGovernanceMonetary PolicyNigeria
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 …
- BankingBusinessEconomyEnergyForeign ExchangeNigeriaOil & Gas
Naira strengthens at official market as FX inflows fall 33%
The naira appreciated against the United States dollar in the official foreign exchange market on Monday, closing at ₦1,465.29 per dollar, even as Nigeria recorded a sharp 33 per cent …
- BankingConsumer ProtectionDigital PaymentsEconomyFinancial InclusionNigeriaRegulation
BCAN Backs CBN’s 24–48-Hour Refund Policy for Failed ATM Transactions
The Bank Customers Association of Nigeria (BCAN) has thrown its weight behind the Central Bank of Nigeria (CBN) over the newly proposed 24 to 48-hour refund policy for failed Automated …
- Central BankingEconomyInternational RelationsMonetary PolicyTechnology
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 …
- Central BankingEconomyFinanceGOVERNMENTInternationalMonetary Policy
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 …
- BankingConsumer ProtectionEconomyFinanceGovernanceNational AssemblyRegulation
Reps to Probe Arbitrary Bank Charges as Nigerians Decry Unexplained Deductions
The House of Representatives has resolved to investigate what it described as the arbitrary, excessive, and unexplained charges imposed on customers by commercial banks across Nigeria. The lawmakers made this …