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Nigeria

Nigeria Announces Takeover of Banks Acquired by Ousted Bank Governor
Banking

Nigeria Announces Takeover of Banks Acquired by Ousted Bank Governor

Nigeria said it will take possession of two banks that the government
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Pete Sadler
Nigeria Faces Cash Crunch Again on Anniversary of Failed Demonetization Campaign
News

Nigeria Faces Cash Crunch Again on Anniversary of Failed Demonetization Campaign

Nigerians are hoarding cash again amid memories of a failed official campaign
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Pete Sadler
Nigeria Grants Exemption to Small Lenders from Cash Withdrawal Limits and Penalties
Banking

Nigeria Grants Exemption to Small Lenders from Cash Withdrawal Limits and Penalties

Nigeria’s central bank exempted mortgage banks and certain microfinance lenders from
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Pete Sadler
Nigeria Slashes Merchant Banks' Cash Reserve by 70% to Foster Loan Growth
Banking

Nigeria Slashes Merchant Banks' Cash Reserve by 70% to Foster Loan Growth

Nigeria’s central bank slashed the mandatory cash reserve requirement for merchant
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Pete Sadler
Nigeria Increases Central Bank Borrowing Limit to 15% of Revenue
Banking

Nigeria Increases Central Bank Borrowing Limit to 15% of Revenue

Nigerian lawmakers increased the legal limit on government borrowings from the central
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Pete Sadler
Nigeria resolves three-month cash crunch by issuing banknotes
Banking

Nigeria resolves three-month cash crunch by issuing banknotes

Nigeria’s central bank beefed up the supply of banknotes to lenders
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Pete Sadler
Cash shortages drive up digital currency usage in Nigeria
News

Cash shortages drive up digital currency usage in Nigeria

Nigerians have increasingly turned to a once-spurned digital currency to transact, after
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Pete Sadler
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