Tag: CBN
-
CBN Issues Warning Over Unlicensed Microfinance Bank Zuldal
Overview of the CBN Warning The Central Bank of Nigeria (CBN) has publicly disowned Zuldal Microfinance Bank Limited, labeling it an unlicensed entity operating illegally within Nigeria’s financial system. In a statement disseminated on X, the acting Director of Corporate Communications, Hakama Sidi, reaffirmed that Zuldal Microfinance Bank Limited is not authorized to conduct banking…
-
CBN Recapitalisation: A Path to Nigeria’s $1 Trillion Economy by 2030
Introduction: Banking Reforms at the Core of Nigeria’s 2030 Economic Dream As Nigeria eyes a bold milestone—the country reaching a $1 trillion economy by 2030—the Central Bank of Nigeria (CBN) continues to push ahead with its banking sector reforms. In particular, the ongoing recapitalisation drive is positioned as a central lever to unlock credit, attract…
-
CBN Recapitalisation to Drive Nigeria’s $1T Economy by 2030
Overview: Recapitalisation as a Catalyst for Growth The Central Bank of Nigeria (CBN) has renewed its emphasis on banking sector reforms, with bank recapitalisation at the forefront. The objective is clear: strengthen the financial system, restore confidence, and set the stage for Nigeria to achieve a targeted $1 trillion economy by 2030. As with any…