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.
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OPay Drives Innovative Security Feature to Secure User’s Finances
OPay, Nigeria's leading mobile money platform is proud to announce a robust suite of security enhancements and ensuring user’s fund stays secured.
Dangote confirms exact dates to begin sale of petrol, reacts to monopoly allegations
Aliko Dangote has reacted to allegations that all is now set to release the Premium Motor Spirit (PMS), commonly known as petrol for Nigerians to buy.
CBN takes another step to crash dollar, predicts new exchange rate
The Central Bank of Nigeria has conducted another round of intervention to recover the value of the Nigerian currency in the foreign exchange markets.
CBN to raise N20 trillion as it takes over dormant accounts of Nigerian banks' customers
The CBN is set to raise no less than N20 trillion transferred from the banks to its coffers when it takes over the balances in dormant accounts of customers.
CBN predicts new naira to dollar exchange rate, gives reasons
The Central Bank of Nigeria has predicted a stronger naira against the dollar, citing various reforms and improvements in crude oil production as key drivers.
NNPC ignores Dangote refinery to sell Nigeria’s crude for petrol with others
Abiodun Adedipe, the founder and principal consultant of B Adedipe Associates Limited, said the shortage of feedstock for local refineries was a major problem
Black market traders sell dollar at new exchange rate as CBN stops naira depreciation
The Central Bank of Nigeria's intervention in the foreign exchange market has provided the needed support for the naira to appreciate in value against the dollar.
Good News: CBN Crashes Dollar, Sets Exchange Rate for BDCs
The Central Bank of Nigeria has conducted another round of dollar sales to Bureau de Change operators and have set a strict selling exchange rate.
Black market traders quote new dollar exchange rate, CBN fights back
The value of the Nigerian currency has depreciated again in the unofficial market and is now above an exchange rate of N1,600, forcing the CBN to react.
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