The Board of Directors of the African Development Bank Group has approved an equity investment of $25 million in The Currency Exchange Fund (TCX), a global...
Central Bank of Nigeria (CBN) reduced interest rates on treasury bills across tenors at the primary market auction on Wednesday. The Apex Bank opened N290 billion...
Central Bank of Nigeria said it’s pursuing economic reforms aimed at refocusing financial system stability and stimulating productivity. The CBN governor, Olayemi Cardoso, who said this...
Central Bank of Nigeria (CBN) has kicked off the development of a new strategic framework for the country’s payments ecosystem with the launch of the Nigeria...
African Export-Import Bank Group has released its consolidated financial statements for the six months ended 30 June 2025 (H1’2025). Amid heightened geopolitical tensions, persistent inflationary pressures,...
A total of N39.86 billion was disbursed to 8,408 Retirement Savings Account (RSA) holders in the first quarter of 2025 as equity contributions for residential mortgages....
The Management of the National Insurance Commission (NAICOM) paid a courtesy visit to the Registrar General of the Corporate Affairs Commission (CAC), Barr. Hussaini Magaji SAN,...
The total amount borrowed by private sector players increased by 4% in 12 months, according to data available in Central Bank of Nigeria’s (CBN) latest report....
The Central Bank of Nigeria (CBN) FX debit gulped the financial system liquidity, with banks borrowing intensity driving the short-term benchmark interest to double digits high...
Debt Management Office (DMO) has increased the local bond offering size for August by 100%, reversing the extremely tight supply in the recent past. In a...
Nigeria’s insurance operators and reinsurance companies have been given a 12-month deadline to comply with significantly higher capital requirements, following the commencement of the Nigerian Insurance...
Federal High Court, Abuja Division, has ordered United Bank for Africa to pay ₦30 million in damages for unlawfully restricting a firm’s account for over a...
Africa Finance Corporation, the continent’s leading infrastructure solutions provider, has published its annual Development Impact Report, presenting a comprehensive, data-driven account of AFC’s cumulative development outcomes...
Central Bank of Nigeria (CBN) increased the spot rate on Nigerian Treasury billls with 364-day maurity to 16.50%, according to details from its primary market auction...
President Bola Ahmed Tinubu has assented to the Nigerian Insurance Industry Reform Bill, 2025, a landmark legislation to strengthen Nigeria’s financial sector and accelerate the nation’s...