Central Bank of Nigeria (CBN) says its ongoing monetary and foreign exchange reforms are delivering positive results, with the gap between the official Naira exchange rate...
Crown Takaful Insurance Limited, Nigeria’s ethical insurance company, has approved the sharing of N100.9 million in total surplus distribution to its participants. Surplus sharing is the...
Central Bank of Nigeria (CBN), Gombe Branch, on Tuesday organised a stakeholders’ fair aimed at promoting financial inclusion, enhancing public awareness of the Bank’s operations, and...
The Central Bank of Nigeria (CBN) imposed N430 million in penalties on financial institutions in 2025 over delays in resolving customer complaints and failure to comply...
Currency outside the Nigerian banking system fell to N4.92 trillion in June from N5.19 trillion in May 2026. The Central Bank of Nigeria (CBN) reported this...
Ebelechukwu Nwachukwu, chairman of the Nigerian Insurers Association (NIA), says over 70 per cent of insurance companies have completed the verification exercise ahead of the July...
Zenith Bank Plc has been named “Africa’s Best Bank” and “Nigeria’s Best Bank”, the latter for the second consecutive year, at the prestigious Euromoney Awards for...
The Nigerian equities market closed on a bullish note, with the benchmark All-Share Index (ASI) advancing by 0.98%, bringing its year-to-date (YTD) return to 59.26%. Despite...
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...