
The number of commercial banks in Nigeria is set to reduce following the Central Bank of Nigeria drive to ensure banks meet its capital requirements before 2026.
The number of commercial banks in Nigeria is set to reduce following the Central Bank of Nigeria drive to ensure banks meet its capital requirements before 2026.
According to the CBN data, users of foreign exchange (FX) spent more dollars in the three months that ended in December 2023 than they did in the prior quarter.
Bloomberg billionaire index has revealed a list of the world's richest men, and Aliko Dangote has lost his position to South African billionaire Johann Rupert.
The local currency, which began the month at N1,913/£, lost more than N150/£, closing at N2068/£ by the end of the month, according to the data provided by the CBN.
Octa, a financial broker with globally recognised licenses, celebrates its 13th birthday this summer. In some cultures, the number 13 has a special significance.
Nigerian banks have decided to adjust their operation hours, and others have temporarily closed some of their branches as hunger protests begins across Nigeria.
Naira has improved in value against the United States dollar after days of recent fall in the official, unofficial foreign exchange market to end the month at a high
Nigerian banks, traders who participated in trading in the Nigerian Autonomous Foreign Exchange Market (NAFEM) quoted new exchange rate higher than black market.
Summit Bank has announced that it has received approval from the Central Bank of Nigeria to begin operations as the latest Islamic bank in the country.
The Central Bank of Nigeria has increased the customs exchange rates for cargo clearances at Nigeria's ports as the naira depreciates further in forex markets.
Money
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