A member of the Central Bank of Nigeria’s Monetary Policy Committee (MPC) has urged the CBN to press commercial banks…
Browsing: ECONOMY
Nigeria’s foreign exchange market recorded a significant improvement in liquidity during the first half of 2026, with daily trading volumes…
The Nigerian naira strengthened against the British pound on Thursday, appreciating in both the official and parallel foreign exchange markets…
Acting on the provisions of the Banks and Other Financial Institutions Act (BOFIA) 2020, the Central Bank of Nigeria (CBN)…
The naira strengthened against the United States dollar at the official foreign exchange market on Wednesday, appreciating to N1,369/$ after…
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks across the country, citing their…
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the liquidation of 46 microfinance banks whose operating licences were recently revoked…
Nigeria’s currency, the Naira, closed the month of June at ₦1,376.33 per US dollar in the official foreign exchange market,…
Providus Bank and Unity Bank have officially completed their merger and have commenced operations under a new identity, ProvidusUnity Bank,…
United Bank for Africa (UBA) Plc has reaffirmed its commitment to environmental sustainability and employee wellbeing by mobilising staff across…