The Central Bank of Nigeria (CBN) has reported that there was N2.907 trillion currency in circulation in Nigeria as at end-December 2020. This was disclosed in...
MTN Nigeria and Airtel Africa Plc have received approval in principle to operate payment service bank (PSB) in the country. The two leading telcos disclosed in...
Data from the CBN show that gross official reserves rose by USD5bn (13.7% m/m), to hit USD41.8bn last month, its highest point since October ’19. This...
Heritage Bank Plc has launched Octiplus App, a robust innovative and advanced digital banking experience, “Octiplus”. Octiplus is a bank-agnostic, all-in-one digital banking application, which grants...
First Bank of Nigeria Limited created FirstSME Account to add to its SME product family in support of small and medium scale business owners by sustaining...
Financial Inclusion in Nigeria has been further threatened Nigerian banks closed 234 branches and 649 Automated Teller Machines (ATMs) in 2020. The International Monetary Fund (IMF)...
By CSL Analysts The need for improved lending to the private sector amid the pandemic-induced economic shocks on many sectors of the economy cannot be...
The Nigerian banking sector’s credit to the private sector was topped by N425 billion in September as aggregate rose from the N33.4 trillion in August to...
Amidst controversy trailing the disappearance of eNaira Speed Wallet, the end user application for operating Nigeria’s Central Bank Digital Currency (CBDC), the app has reappeared on...
United Bank for Africa Plc (UBA) has reported that in the nine month period spanning January to September 2021, it received a total of N6.1 trillion...
It’s OFFICIAL! Tunde Hassan-Odukale is FBNH largest shareholder, not Femi Otedola Latest official information released by the board of First Bank of Nigeria Holdings (FBNH) has...
Financial institutions in China are working to set up their operations in Nigeria and according to the Chinese ambassador to Nigeria, Mr Cui Jianchun, Nigerians should...
After the successful completion of a proposed merger with another bank in Zambia, Access Bank has expressed possibility of raising the value of its subsidiary in...
The Central Bank of Nigeria (CBN) has said that all transactions conducted on the newly launched digital currency platform, eNaira will be free for 90 days....
Nigeria’s central bank digital currency (CBDC), the eNaira, is now live following an announcement by President Muhammadu Buhari on Monday. The digital currency has two applications to drive...
Billionaire investor, Femi Otedola has declared 5.03 per cent ownership for FBNH, Nigeria’s oldest bank. This was confirmed in a letter published by FBNH on the...
President Muhammadu Buhari is scheduled to formally unveil the Nigerian Central Bank Digital Currency (CBDC), known as the eNaira, on Monday 25 October 2021, at the...
FBN Holdings Plc Friday denied claims by online media that the Nigerian business mogul, Femi Otedola has acquired majority stake in the bank. In a statement...
The House of Representatives, on Thursday threatened to mete severe measures on Polaris Bank over a controversial payment of $32 million dollars debt the lender owes...
The House of Representatives, on Thursday, threatened that it will ask the Central Bank of Nigeria (CBN) to take over the ownership of Heritage Bank of...