The Central Bank of Nigeria has revealed that Nigeria's external reserves have risen to their highest level since June 2022, ...

MultiChoice Group Limited has written off $21 million that was deposited in Nigeria's Heritage Bank after the bank's ...

The Central Bank of Nigeria has revealed that Nigeria's external reserves have risen to their highest level since June 2022, ...

Inflation rate in Nigeria has increased for the second consecutive month in October, reaching 33.88 percent, up from 32.70 ...

“In 2023, the Central Bank of Nigeria (CBN) also removed restrictions on the use of FX for the import of 43 groups of ...

“Following the revocation of Heritage Bank’s banking licence by the Central Bank of Nigeria on 3 June 2024 and its subsequent liquidation, the group wrote-off its receivable relating to the cash held ...

Nigeria's inflation rate rose for the second straight month in October, advancing to 33.88% in annual terms from 32.70% in ...

By Korede SOTUBO The emergence of Central Bank Digital Currencies (CBDCs) introduces transformative potential for international business, particularly by enhancing cross-border transaction efficiency, ...

Lotus Bank Limited, a Nigerian non-interest bank, has said that it has met the Central Bank of Nigeria, CBN's, minimum capital requirement even before the apex bank raised the new threshold. Speaking ...

BT Payment Services Nigeria Limited (BT Payment) announced it has been granted a payments service provider (PSSP) licence by the Central Bank of Nigeria. It now offers Nigerian naira collections and ...

Nigeria's largest banks poised for stock rally due to record-high interest rates and increased net interest income. Central Bank of Nigeria's policy rate surge from 18.75% to 27.25% aimed at curbing ...