Nigerian Small Businesses May Struggle for Bank Credit in 2027
By Oluwakemi Kindness Nigerian small businesses may continue to struggle to access formal bank credit in 2027 despite the banking sector’s ₦4.65 trillion recapitalisation. This according to DataPro is as high Treasury bill yields and monetary policy restrictions encourage lenders to favour government securities over private-sector lending. DataPro, in its Risk Quarterly report which examined […]
Credit Ratings Can Prevent Microfinance Bank Failures
By Oluwakemi Kindness Independent credit ratings can help identify weaknesses in microfinance banks before they lead to institutional failure. This is according to DataPro in it August Rating Brief, which examines the lessons from the Central Bank of Nigeria’s recent revocation of the operating licences of 46 microfinance banks. The publication said the regulatory action […]
CBN Pledges Reform Continuity as Cardoso Gets Global Award
By Oluwakemi Kindness Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reaffirmed the apex bank’s commitment to sustaining monetary and financial sector reforms aimed at restoring economic confidence, strengthening institutional credibility, and driving long-term growth. Cardoso made the pledge while receiving the prestigious Central Bank of the Year Award at the Central […]
CBN Rejects Interventionist Policies, Backs Orthodox Strategy
By Oluwkaemi Kindness The Governor of the Central Bank of Nigeria, Olayemi Cardoso, says the bank will not return to interventionist measures that previously weakened policy credibility. This is as he reaffirmed the apex bank’s commitment to orthodox monetary policy, transparency, and evidence-based decision-making. Cardoso stated this during the opening session of the Monetary Policy […]
CBN Introduces Nigerian Overnight Financing Rate
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) has announced the introduction of the Nigerian Overnight Financing Rate (NOFR). The NOFR, in collaboration with the Financial Markets Dealers Association (FMDA), is a standardized benchmark aimed at enhancing transparency, strengthening monetary policy transmission, and deepening Nigeria’s money market.The Central Bank of Nigeria (CBN) has announced […]