The Central Bank of Nigeria (CBN) has directed Point-of-Sale agents to limit their daily cash-out transactions to N100,000 per individual customer. The circular, signed by Oladimeji...
Securities Exchange Commission has reviewed its guidelines to prescribe three-year jail terms for Nigerian celebrities and social media influencers who promote cryptocurrency platforms and assets without...
In a landmark achievement, the Advisory Board of the African Sustainability Awards in partnership with United Nations Educational, Scientific and Cultural Organization (UNESCO) has selected the...
Nigeria’s currency outside the banking system hit an all-time high of N4.2 trillion as of October 2024, despite several policies aimed at sterilizing cash. The latest...
The Central Bank of Nigeria (CBN) raised N2.087 trillion from OMO and Treasury bills at the primary market auctions last week. The amount was raised at...
United Bank for Africa(UBA) through UBA Foundation, its corporate social responsibility arm, has donated the sum of N500 million to the Lagos State Security Trust Fund...
Securities and Exchange Commission says the federal government issued six Sovereign Sukuk worth N1.1 trillion ($657.6 million) to finance 124 federal road projects. A statement by...
Central Bank of Nigeria (CBN) made another move to intervene in the official foreign exchange market to keep the naira strong. FX intervention has reduced drastically...
The African Development Bank (AfDB) has provided key insights into how Nigeria and other African nations can address their growing debt burdens and foreign exchange challenges....
President of Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSIBIFI), Mr. Olusoji Oluwole, says the body would actively engage stakeholders to safeguard workers’...
Zenith Bank Plc has emerged as ‘Bank of the Year, Nigeria’ in The Banker’s Bank of the Year Awards 2024. The award, which was announced by...
The Central Bank of Nigeria (CBN) has dismissed claims of forced mass retirements, clarifying that its Early Exit Package (EEP) is entirely voluntary and without any...
World Bank Group has said that developing countries spent a record $1.4 trillion to service their foreign debt as their interest costs climbed to a 20-year...
National Pension Commission (PenCom) has lifted its suspension on investments in commercial papers by Licensed Pension Fund Administrators (LPFAs) where non-bank capital market operators act as...
Nigerian deposit money banks (DMBs) have started to inform their customers that unused savings accounts for periods of 12 months will be classified as dormant, as...