The naira strengthened against the United States dollar at the official foreign exchange market on Wednesday, appreciating to N1,369/$ after…
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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,…
The Central Bank of Nigeria (CBN) has directed banks, payment service banks, fintech firms and other financial institutions to immediately…
Nigeria’s currency, the naira, recorded its steepest single-day depreciation since April, closing at N1,389 against the United States dollar at…
Credit extended to the Nigerian government by the Central Bank of Nigeria (CBN) increased by N17.39 trillion in the year…
Nigeria’s broad money supply (M3) rose to N129.21 trillion in May 2026, reflecting continued expansion in liquidity within the financial…
Despite sustained efforts by the government and financial institutions to deepen digital payments and financial inclusion, Nigerians continue to hold…