Banks

Banks’ borrowings from CBN drop 97% to N380bn

Borrowings by Nigerian banks from the Central Bank of Nigeria’s (CBN) Standing Lending Facility (SLF) dropped sharply by 97.6 percent month-on-month to N380 billion in April, down from N16.5 trillion in March 2025. The sharp decline signals a marked improvement…

Banks raise N1.7trn in recapitalisation drive

The Banking sector recorded a strong start to the year, with the NGX Banking Index surging by 9.76 percent in January, significantly outperforming the broader market, according to a corporate report obtained from the Nigerian Exchange Group on Tuesday. The…

Finance Ministry allocates ₦75m for bank monitoring

The Federal Ministry of Finance has proposed a N75 million allocation in its 2025 budget to monitor the activities of banks and financial institutions through its Home Finance Division. This funding is aimed at strengthening oversight and ensuring regulatory compliance…