The inflation rate in Nigeria currently stands at 20.77%, a 17-year high and an all-time high since 2005. The weakening economy and the global oil crises are the main causes of ...
To enhance Nigeria's payment system, the Central Bank of Nigeria (CBN), Nigeria Inter-Bank Settlement Systems (NIBSS) Plc, and Bankers' Committee have jointly announced a new national card scheme....
The completion of a share purchase agreement for the full acquisition of Polaris Bank by Strategic Capital Investment Limited has been officially announced by the Central Bank of Nigeria and ...
The Central Bank of Nigeria (CBN) recently prohibited foreign banks with representative offices in Nigeria from, among other things, providing services categorized as "banking businesses." In its...
Treasury bills should be on your list if you're looking for ways to get a big return on your investment in a short amount of time (weeks, months, or at most one year). One of the safest types of...
Godwin Emfiele, the governor of the central bank, said that the eNaira currency impacts commercial banks, especially when customers transfer funds to their eNaira wallets from their bank accounts....
As a result of rising inflation, the Monetary Policy Committee of the Central Bank of Nigeria unanimously agreed to raise the benchmark interest rate, also known as the monetary policy rate, fro...
The "Naira4Dollar Scheme" of the Central Bank of Nigeria (CBN) was launched in March 2021, and since then, the rate of the naira has dropped by a staggering N127 (or 26 percent). ...
The Central Bank of Nigeria (CBN) of Nigeria has released guidelines for enhanced cyber security in the Nigerian financial industry, particularly among the Other Financial Institutions (OFIs). ...
Global financial organization, Guaranty Trust Bank Limited (GTBank) offers a wide range of industry-leading financial products and services to people, companies, and private and public organizations a...