At the end of its two-day Monetary Policy Committee (MPC) meeting on Tuesday (today), the Central Bank of Nigeria (CBN) has hiked the benchmark interest rate...
By Adedapo Adesanya To further ease the street value of the Naira to the Dollar, the Central Bank of Nigeria (CBN) has issued the currency to...
The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs of $7 billion have now been settled, fulfilling a key pledge of...
Zenith Bank Plc has announced the foremost banker, Dr. Adaora Umeoji as its new Group Managing Director and Chief Executive Officer. This appointment was disclosed on...
Surpass N19 trillion Target for 2024 Total assets under management of the regulated pension industry in Nigeria has increased by 6% or N1.175 trillion to N19.531...
PRESS RELEASE Moniepoint Inc. a global digital financial services provider with operations in Nigeria and an ongoing expansion into other emerging markets, has emerged the lead...
The Central Bank of Nigeria (CBN) has successfully concluded the sale of government securities following the issuance of N1.053 trillion (680 million dollars) in short-term instruments....
The Central Bank of Nigeria (CBN) has revoked the operational licenses of 4,173 Bureaux De Change (BDC) operators, citing non-compliance with regulatory requirements. The CBN announced...
Per the Companies and Allied Matters Act (CAMA) 2020 provisions, leading fintech company PalmPay has partnered with the Corporate Affairs Commission (CAC) to register 219,000 small...
The Centre for the Promotion of Private Enterprise (CPPE) has condemned latest rate hikes by the Monetary Policy Committee (MPC) of the Central Bank of Nigeria...
The Monetary Policy Committee of the Central Bank of Nigeria has increased the benchmark interest rate by 400 basis points to a record 22.75%. The CBN...
The Central Bank of Nigeria (CBN) has conducted a successful Treasury Bills auction, selling a substantial N1.58 trillion as part of its efforts to manage liquidity in...
FirstBank has launched the second season of its Cash Out promo designed to doll out N36 million to reward users of FirstMobile, its industry-leading mobile banking...
The PalmPay app now has enhanced features allowing users to effortlessly add their National Identification Number (NIN) and Bank Verification Number (BVN) to their wallets while...
Following the recent tragic death of Dr Herbert Wigwe, former chairman and acting group chief executive officer of Access Holdings, the board of directors of the...
Veritas Kapital Assurance Plc has reported a staggering 287% increase in profit after tax for the full-year2023, soaring from N562.7 million in 2022 to an impressive...
By CSL Research Using data sourced from the Nigeria Inter-Bank Settlement System (NIBSS), cashless transactions, encompassing NIBSS Instant Payment and Point of Sale (POS) transactions, witnessed...
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said about $2.4 billion out of the reported $7 billion outstanding foreign exchange liabilities of...
Amid stakeholders’ rejection of the N1,356.883 exchange rate, the Central Bank of Nigeria (CBN) on Saturday readjusted the exchange rate on the Customs platform to N1,413.62/$1....
Zenith Bank, West Africa’s largest financial services provider, Ibom Air and Airbus celebrated the successful closure of the commercial financing for Ibom Air’s first A220 delivered...