The Central Bank of Nigeria (CBN) has granted regulatory approval for a pivotal financial accommodation to support the proposed merger between Unity Bank Plc and Providus Bank...
Nigeria’s Financial and Insurance sector grew from 10.1 per cent in 2021 to 31.2 per cent in the first quarter of 2024, according to the newly...
Between January and December 2024, Nigeria’s public debt profile may rise by a whooping N32.66 trillion to hit N130 trillion. This is as both federal and...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased the benchmark lending rate to 26.75%. The hike in the Monetary Policy...
Nigeria’s inflation rate increased to 34.19% in June 2024, according to data released by the National Bureau of Statistics (NBS) on Monday, June 15, 2024. Looking...
The Central Bank of Nigeria (CBN) has stepped forward to take credit for the slowing month-on-month inflation rate that sustained the third consecutive month in May....
Following the restriction from the Central Bank of Nigeria on onboarding new customers, PalmPay is thrilled to announce that onboarding has resumed on its mobile app...
The naira appreciated to 1,339.33/$ at the close of trading on the official window on Monday, gaining 9.68% over Friday’s rate of 1,482.81/$. According to FMDQ...
The Central Bank of Nigeria (CBN) has raised the interest rate by 150 basis points from 24.75 per cent to 26. 25 per cent. Following a...
The Central Bank of Nigeria (CBN) has withdrawn its earlier circular directing banks to implement a controversial 0.5% cybersecurity levy on electronic transactions. The decision of...
