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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Zenith Bank set to open branches in another African country
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Dollar recovers, sells at new exchange rate in official, Black FX markets
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FG launches new credit scheme, invites youths to borrow up to N5m in minutes
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New Zealand opens 3-year Seasonal Visa: Nigerians can now apply for jobs abroad
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FG invites Nigerians to apply for N50,000 cash grant, releases application link
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“It is not working”: Expert speaks as CBN raises interest rate again
Uche Uwaleke, a professor of finance and capital markets, has reacted to the Central Bank of Nigeria Monetary Policy Committee's decision to raise interest rate.
CBN announces new interests rate, bank customers' loans, bank account deposits to change
The Central Bank of Nigeria, Monetary Policy Committee (MPC) led by Olayemi Cardoso, has once again decided to increase interest rates to fight inflation.
DMO speaks on new debt as Tinubu's government repays Chinese, IMF, other loans
According to Patience Oniha, DG of the DMO, the federal government has raised N4.5 trillion of the N6 trillion domestic borrowing target in the 2024 budget thus far.
Customers of Access Bank, GTB, others paid N119bn as service charges for e-banking transactions
Eight Nigerian banks have seen a 65% increase in e-banking charges after customers paid a total of N119bn for transactions in the first quarter of 2024.
Black market traders crash dollar, sell at new exchange rate as naira gains
The value of Nigerian currency has improved in the unofficial market ahead of the Central Bank of Nigeria's 2-day monetary policy committee meeting.
NDIC secures court order, set to complete shut down of several Nigerian banks, gives reasons
The managing director of the NDIC, Bello Hassan, said the company has secured an order from the Federal High Court to wind up several banks, eliciting reactions.
Good news: Nigeria’s Foreign reserve rises as naira gains after CBN sells dollar to banks, others
Nigeria's foreign currency (forex) reserves rose to $32.64 billion over the weekend, a $195.01 million rise that suggests greater market liquidity.
ABCON plans new digital market to buy, sell dollar, unveils name, seeks govt support
ABCON is planning to introduce a digital currency market to enhance the naira's performance and meet Nigerians' strong demand for digital currencies.
Court clears access, UBA, GTB, other banks to demand customers’ social media account, gives reason
A federal high court has now cleared the Central Bank of Nigeria directive to banks and other financial institutions to demand customers social media handles.
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