CBN Archives - National Wire

Systemically Weak Banks Put Nigeria’s $1Trillion Ambition At Risk

April 26, 2026 0

Nigeria’s banking sector has just undergone one of its most ambitious recapitalisation exercises in two decades, all thanks to the Central Bank of Nigeria under the leadership of Olayemi Cardoso. About N4.65 trillion ($3.38) has been raised. Balance sheets have been strengthened, at least the improvement could be said to exist in reports or accounting figures. Regulators have drawn a new line in the sand, proposing N500 billion for international banks, N200 billion for national banks, and N50 billion for regional players. This is a bold reset.

UBA Total Assets Grow by 9.4%, Repositions Balance Sheet For Sustainable Growth

April 25, 2026 0

Africa’s Global Bank, United Bank for Africa (UBA) Plc has announced its audited financial results for the year ended December 31, 2025, recording total assets growth of 9.4 per cent to N33.2 trillion up from N30.3 trillion at the end of 2024, alongside an 11.8 per cent increase in customer deposits from N24.3 trillion in 2024 to N27.2 trillion.

NCC, CBN Team Up To Protect Mobile Subscribers From SIM-Enabled Bank Scams

April 20, 2026 0

The Central Bank of Nigeria and the Nigerian Communications Commission have signed a Memorandum of Understanding (MoU) aimed at curbing the growing wave of SIM-related fraud across the country.

Banks Recapitalisation Germane To Economic Growth

April 8, 2026 0

At the inception of the current administration in 2023, the focus was on driving the domestic economy to achieve the status of a $1 trillion economy by 2030.

N4.65 Trillion In The Vault, But Is The Real Economy Locked Out?

April 4, 2026 0

Following the successful conclusion of the banking sector recapitalisation programme initiated in March 2024 by the Central Bank of Nigeria, the industry has raised N4.65 trillion. No doubt, this marks a significant milestone for the nation’s financial system as the exercise attracted both domestic and foreign investors, strengthened capital buffers, and reinforced regulatory confidence in the banking sector.

Recapitalisation Without Transformation Is A Risk Nigeria Cannot Afford

March 14, 2026 0

In barely two weeks, Nigeria’s banking sector will once again be at a historic turning point. As the deadline for the latest recapitalisation exercise approaches on March 31, 2026, with no fewer than 31 banks having met the new capital rule, leaving out two that are reportedly awaiting verification.

Billions In Nigeria’s Reserves, But Where Is the Growth?

February 13, 2026 0

The moment the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, recently announced that Nigeria’s foreign reserves had inched to $49 billion as of February 5, 2026, the news was received with understandable enthusiasm.

‎CBN, NCC unveil Framework To End Airtime Transaction Failures ‎

February 9, 2026 0

The Central Bank of Nigeria and the Nigerian Communications Commission have unveiled a joint framework to tackle the growing problem of failed airtime and data transactions, which have left consumers frustrated after payments are processed without service delivery.

The Missing Pieces In Nigeria’s Banking Recapitalisation

January 15, 2026 0

Nigeria’s economy will be experiencing yet another round of reform; after the new tax implementation, the banking sector recapitalisation exercise will begin within less than three months until the March 31, 2026, deadline. The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, disclosed that 27 banks have tapped the capital market via public offers and rights issues.

NCC, CBN’s New Framework To Protect Consumers From Failed Airtime And Data Transactions

January 8, 2026 0

In line with the consumer-focused objectives of the Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN), the two regulators have drawn up a framework to address consumer complaints arising from unsuccessful airtime and data transactions during network downtimes, system glitches, or human input errors.