A Nigerian civil society organization, Global Integrity Crusade Network (GICN), has filed a lawsuit at the Federal High Court ...

An independent central bank is "fundamental" to good economic outcomes, a senior Federal Reserve official said Thursday, amid ...

A man caused the collapse of an entire bank after selling his employer an imaginary airport for a whopping $242,000,000.

The list of Nigerian banks with the largest customer deposits has been revealed, with UBA leading as Nigerians save over N100 ...

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

“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 ...

HOUSTON, Oct. 31, 2024 /PRNewswire/ -- The Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS), Nigerian banks, and International Money Transfer ...

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 ...

The Central Bank of Nigeria (CBN) has dismissed reports suggesting that the old series of the N200, N500, and N1,000 banknotes will cease to be legal tender by the end of this year. This is ...

Jerome Powell, Chairman of the United States Federal Reserve, firmly dismissed speculation about his position as Donald Trump ...

HOUSTON, Oct. 19, 2024 /PRNewswire/ -- The Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS), major Nigerian banking institutions, and ...