Barbican Capital Limited has made it official about its acquisition of a major interest in FBN Holdings. The total transaction weighs about 4.77 billion ordinary shares or 13.3% of FBN Holdings' total...
NIRSAL Microfinance Bank is one of Nigeria's top financial institutions, regulated by the Central Bank of Nigeria (CBN) to provide loans for various purposes, including the Nirsal Covid-19 loan.NIRSAL...
The Central Bank of Nigeria (CBN) has granted MTN the final approval to operate as Momo Payment Service Bank Limited (Momo PSB). This was disclosed in a press release titled “THE CENTRAL BANK...
According to data from the FMDQ Securities Exchange, the Central Bank of Nigeria (CBN) invested $581 million in foreign exchange interventions at the Nigerian Autonomous Foreign Exchange Market this y...
Mobile network operators in Nigeria have claimed that commercial banks owe them up to N50 billion naira in unpaid charges for USSD services.Recall that Nigerian banks and mobile network telco provider...
The Governor of the Central Bank of Nigeria (CBN) is Mr. Olayemi Cardoso. He started his tenure on October 5, 2023. Before his appointment at CBN, Cardoso spent over 29 years in the commercial banking...
It was recently announced by the governor of the Central Bank of Nigeria, Olayemi Cardoso as revealed that the apex bank, in close collaboration with the ministry of finance alongside NNPC, will work ...
The Central Bank of Nigeria (CBN) has announced its move to peg the payment of cash dollar purchases to a customer at $500, stating that the foreign currency that exceeds this amount will be made thro...
It has been reported that the Central Bank of Nigeria (CBN) and other financial institutions have made $2.5 billion available in the foreign exchange market over the past two weeks, which has caused t...
IMF warns CBN that eNaira may lead to new money-laundering and terrorism financing risks The expansion of the eNaira's use to cross-border cash transfers and agency bank networks could result in...