Finance

The Nigerian naira recorded a marginal depreciation at the official foreign exchange market on Thursday, according to data released by the Central Bank of...

In a major boost for Nigerian cardholders, three leading commercial banks—United Bank for Africa (UBA), Wema Bank, and Guaranty Trust Bank (GTB)—have reinstated international...

The Central Bank of Nigeria (CBN) has reiterated the strength and stability of the country’s banking sector while rolling out transitional measures for banks...

Access Bank Plc and KCB Group Plc have formally announced the successful completion of the sale of National Bank of Kenya Limited to Access...

The Nigeria Deposit Insurance Corporation has announced a revision in the Maximum Deposit Insurance Coverage for banks in the country. At a press conference in...

The Central Bank of Nigeria (CBN) has directed four fintech companies to suspend onboarding new customers until further notice temporarily. The fintech startups listed earlier...

The Central Bank of Nigeria (CBN) has issued a circular to Bureau De Change operators (BDCs) advising them to sell $10,000 to each BDC...

The Central Bank of Nigeria (CBN) has increased the capital basis of commercial banks with international authorization to N500 billion and national banks to...

The Central Bank of Nigeria has sent a circular to BDCs alerting them that they had sold $10,000 to each BDC at a rate...

Goldman Sachs analysts Andrew Matheny and Bojosi Morule forecast a large increase in the exchange rate to N1,200/$ in 12 months. This represents a huge...