The Special Investigator on the Central Bank of Nigeria (CBN) and other related entities, Jim Obaze, has disclosed that the former apex bank governor, Godwin Emefiele, illegally lodged billions of naira in 593 foreign bank accounts.
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Nigeria Deposit Insurance Corporation (NDIC) says it has paid insured sum of over N1.7 billion to customers, following the revocation of licenses of Microfinance Banks (MFBs) and four Primary Mortgage Banks (PMBs).
ASHENEWS reports that the Central Bank of Nigeria (CBN) has suspended new loan applications under its Intervention Program.
The President of the African Development Bank (AfDB), Akinwumi Adesina, says Africa is highly vulnerable to commodity price volatility.
The Naira, on Monday, depreciated to N1,170 per dollar in the parallel market from N1,166 per dollar last week Friday.
The Debt Management Office (DMO), on Monday, offered two Federal Government of Nigeria (FGN) savings bonds for subscription at N1,000 per unit.
A Financial Expert, Mr Okechukwu Unegbu, has urged the Central Bank of Nigeria (CBN) to sanction banks that allowed customers to operate accounts without their BVN and NIN.
The Central Bank of Nigeria (CBN) says it will freeze accounts without a Bank Verification Number (BVN) or National Identification Number (NIN) from April 2024.
The yuletide period is one anticipated by everyone most especially cooperate workers because it allows them to take a break from work, relax with families, hang out, and even take a vacation for a few weeks and refresh.
The Presidency has backed a plan by the Central Bank of Nigeria (CBN) to increase the capital base of deposit money banks in the country.