The naira depreciated further on Thursday, April 25, against the United States dollar. At the official market, the Naira depreciated to N1,309/$ and N1,420...
When the management of the Nigerian Exchange Limited (NGX) in July 2023 announced that it was reclassifying Fidelity Bank Plc from small-price stock to...
In today’s fast paced financial services landscape, which has been defined by the ubiquity of digital and mobile banking tools, microfinance banks continue to...
Hamma Adama Bello, the prosecution Witness Eight, (PW8) in the trial of former Head of Service (HoS), Winifred Oyo-Ita, on Thursday, April 25, narrated...
Nigeria international footballer, Victor Osimhen has revealed how he was pushed into patterning his football after Chelsea legend, Didier Drogba. Osimhen’s hold-up play, aerial...
Nigerian banks have started the implementation of CBN’s new requirements for international money transfer operation Based on the new rule, commercial banks are now...
Central Bank of Nigeria (CBN) has ordered the regulated entities to engage and give customers notices of outstanding obligations prior to the commencement of...
Electronic payment transactions in Nigeria rose to N600 trillion in 2023, representing a 55 per cent increase over the N387 trillion recorded in 2022....
Federal Government has expressed worry over the rising prices of food and commodities in the country. The Minister of Finance and Coordinating Minister of...
First City Monument Bank (FCMB) has launched an accelerator programme to upskill and grow over one million small and medium-sized enterprises (SMEs) in Nigeria....
Mastercard, financial services firm has concluded the acquisition of a minority stake in mobile operator MTN Group’s fintech business. In a statement, MTN says...
Central Bank Governor, Olayemi Cardoso, has stated that the apex bank’s planned relocation of departments and personnel to other branches is a response to...
Central Bank of Nigeria (CBN) uncovered invalid foreign overdue claims totalling $2.4 billion, which have pressured the naira for long and spooked the currency...
Federal Government is considering a policy that will result in the conversion of foreign currencies in domiciliary accounts of citizens to naira to stabilise...
Central Bank of Nigeria (CBN) has prohibited banks and financial technology companies (fintechs) from offering international money transfer services. This development is outlined in...