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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“It is difficult": Expert speaks as Customs changes dollar rate to clear goods at ports again
The Center for the Promotion of Private Enterprise has urged the Central Bank of Nigeria led by Yemi Cardoso to stop the frequent changes of customs duty rate.
Access, UBA, GTB, Zenith, others freeze over 2 million customers' bank accounts, give reasons
Nigerian banks have begun implementing the Central Bank of Nigeria (CBN) order to close customers' bank accounts if they lack the necessary identification.
EFCC identifies those behind naira fall, makes arrests as traders quote new dollar exchange rate
The Economic and Financial Crimes Commission is ready to join hands with the Central Bank of Nigeria to find a solution for the naira in the foreign exchange market.
Traders sell dollar at new exchange rate as naira bounces back in forex markets
The Nigerian currency, the naira recorded a strong performance against the US dollar in the official foreign exchange market giving hope of a better month ahead.
Food company owned by Nigerian billionaire declares profit as rice, pasta, others sell for new prices
Sales at BUA Foods Plc, a well-known food firm mostly owned by Nigeria's third-richest man, Abdul Samad Rabiu, rose by 147.3% in the first quarter of 2024.
After CBN instruction, OPay Sends Messages to customers on funds in their account
Opay has sent a clear message to its customers regarding funds in their accounts after the Central Bank of Nigeria issued new instructions to Finechs.
Finally, NNPC sets date to clear all queues at filling station, crash fuel price
The Nigerian National Petroleum Company Ltd (NNPCL) has provided an explanation for the current fuel prices and also announced a new date scarcity will end.
Access, Zenith, UBA, other Nigerian banks set ATM withdrawal limits for customers
It is currently difficult for Nigerians to take out cash from banks or automated teller machines (ATMs) around the country based oon new findings.
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