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...
National Insurance Commission (NAICOM) and the Infrastructure Concession Regulatory Commission (ICRC) have agreed to partner to implement insurance provisions for assets under public-private partnership arrangements, as...
Central Bank of Nigeria CBN, has said that it will launch its new website on Monday. The apex bank in a statement said “we are pleased...
Some small business operators and residents in the Federal Capital Territory (FCT) on Sunday decried the scarcity of naira notes for various transactions. Over the past...
Offshore hackers stole 62 billion Ugandan shillings ($16.8 million) from Uganda’s central bank, the state-owned New Vision newspaper reported on Thursday. The hackers, identifying themselves as...
Guaranty Trust Bank (GTBank) has admitted facing difficulties in its recent transition to a new core banking system, Finacle Suite of Core Banking Application Systems, which...
Access Bank PLC has said that it has completed the acquisition of Standard Chartered Bank Angola S.A., Standard Chartered Bank (Sierra Leone) Limited. In a statement...
Central Bank of Nigeria (CBN), says Nigeria’s Deposit Money Banks (DMBs) are satisfactorily resilient amid both external and internal pressures. Mr Yemi Cardoso, the Governor of...