Nigeria Deposit Insurance Corporation (NDIC) has begun paying insured deposits to customers of the 46 recently failed microfinance banks. NDIC Managing Director and Chief Executive, Thompson...
The Debt Management Office (DMO) conducted its July 2026 FGN bond auction on 20 July 2026, offering a total of N1.2trn. The amount offered was unchanged...
The Nigerian financial system was flush with cash last week that was strong enough to keep money market rates stable, supported by FAAC disbursements to states and...
Nigeria’s gradual slowdown in inflation has opened the door to interest-rate cuts, but external shocks have complicated the outlook, Central Bank Governor Olayemi Cardoso said on...
The Nigerian equities market closed on a marginally bullish note, with the benchmark All-Share Index (ASI) edging up by 0.01%, bringing its year-to-date (YTD) return to...
Global financial messaging network Swift launched a blockchain-based shared ledger on Thursday with an initial set of 17 banks including Citi and HSBC, as part of...
The Central Bank of Nigeria (CBN) has advised Nigerians to stop the rejection of the standard ₦100 banknote. In a statement signed by Ag. Director of...
\Tony Elumelu, the Chairman of UBA Group, is to retire from the Board of Directors of the bank on August 21, 2026. The bank has appointed...
Tokenization is often described as a technological upgrade enabling faster settlement, cheaper payments, and programmable assets. But it is a lot more. When financial assets...
Central Bank of Nigeria (CBN) has revoked the operating licenses of forty-six (46) Microfinance Banks with effect from July 1, 2026, in accordance with its powers...
Debt Management Office (DMO) has unveiled its plan to borrow about N4 trillion (FGN Bond auction plan) for the third quarter (Q3) of 2026, covering three...
Zenith Bank Plc reaffirmed its commitment to advancing trade, investment and economic cooperation between Canada and Africa as the Headline Conference Sponsor of the 6th Canada-Africa...
