The fall of the naira in both the parallel and official markets on Thursday was a result of the high demand for the dollar, which extended the difference between the two windows to more than N150.At t...
After years of fixing FX prices, Nigeria's Central Bank floated the Naira in June. The loss of authority over the Naira was a critical step toward the elimination of Nigeria's numerous exchange rate w...
The Socio-Economic Rights and Accountability Project (SERAP) has asked the Federal High Court in Lagos to order the Central Bank of Nigeria (CBN) to remove its direction to banks and other financial i...
The Central Bank of Nigeria (CBN) and the Central Bank of Egypt (CBE) have agreed to build a Nigeria-Egypt FinTech Bridge.The signing event, which took place on July 17 - 18, 2023, at the Egypt Intern...
The Central Bank of Nigeria (CBN) has recently released a list of approved Bureau de Change (BDC) dealers, leaving the Nigerian financial space buzzing with curiosity. In this fresh list, the total nu...
The Central Bank of Nigeria (CBN) has issued a release that Bank's Executives will no longer be permitted to hold positions for more than 24 years starting August 1, 2023.This statement was issued to ...
The House of Representatives has asked the Central Bank of Nigeria (CBN) to temporarily suspend the implementation of the regulation requiring banks to collect and verify their clients' social media h...
Sterling Financial Holdings Company Plc has made it official that the bank will be appointing a new Chairman, CEO, and Non-Executive Directors. The appointment of the following directors was auth...
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...
According to a FITC report, bank customers in Nigeria lost N472 million to fraud in Q1 2023. It was also revealed that a total of 12,553 incidences of fraud were documented over this time period. This...