The APC has suffered a major setback as strong stakeholders dump the party to support PDP and ex-minister of late President Muhammadu Buhari ahead of 2027.
The Federal Government targets consumer credit for 2 million Nigerians in 2027 as CREDICORP backs local businesses, expands credit education and formal borrowing.
Naira trades at ₦1,367.29 in the official market, showing stability, while parallel market rates reflect slight depreciation due to steady demand for dollars.
Tony Elumelu will retire as UBA Group Chairman on August 21, with Emmanuel Nnorom succeeding him after the bank announced a planned leadership transition.
Nigerian bank has introduced new charges on foreign currency transfers, while exempting transfers made by customers between their own accounts within the bank.
The naira strengthened against the US dollar in official and parallel markets as the CBN's policies continued to support exchange rate stability.
The Central Bank of Nigeria has warned Nigerians to ignore fake messages impersonating the bank, urging everyone to verify information through official channels.
NDIC has commenced the liquidation of 46 microfinance banks after the CBN revoked their licences, assuring eligible depositors of insured payments.
The naira appreciated by N7.27 against the US dollar at NAFEM, while Nigeria's external reserves rose to $51.46 billion on stronger forex inflows.
Providus Bank and Unity Bank have merged with a new name, promising improved banking services, stronger operations, customer stability, satisfaction.
The Central Bank of Nigeria revoked the licences of 46 microfinance banks over regulatory breaches, citing inadequate inactivity, and failure to meet requirements.
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