Five Nigerian financial institutions posted N2.29 trillion in H1 2026 profit before tax, with FirstHoldCo leading and Stanbic IBTC recording the fastest growth.
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Bureau de Change operators has revealed that the value of the naira dropped against the US dollar, pound, euro similar to performance in the official market.
African country bans use of dollar, euro, pound, other foreign currencies for local transactions
The Bank of Tanzania has placed a ban on the use of dollar, pound, euro and othe foreign currencies for domestic transactions amid continued fall of its currency.
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CBN announces 306% rise in cost of printing, distributing, disposing naira notes
The Central Bank of Nigeria has provided a breakdown of amount spent on currency issues in 2024 which include printing, distributing and destruction of naira notes.
N6 SMS alert charges: Customers find alternatives to avoid paying increased fee
Customers have raised concerns over the recent increase in SMS transaction alert charges by commercial banks, adding to the burden of multiple existing fees.
EFCC traces CBEX scam funds to four countries, speaks on investors' money refund
The EFCC has revealed that it has tracked money connected to the collapsed CBEX crypto scheme to at least four different countries as recovery continues.
Meta threatens to cut off Facebook, Instagram, WhatsApp access in Nigeria as deadline nears
Financial pressure from the federal government agencies is forcing Meta to consider suspending operations in Nigeria, and the company has provided reasons.
New exchange rate as naira crashes against US dollar
The Central Bank of Nigeria has the latest naira to dolalr exchange rate against the US dollar, British pound sterling and also the euro in the forex markets.
CBN releases financial statement, announces massive profit
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