The Central Bank of Nigeria has cut the interest rate by 50 basis points to 26.50% from 27% The CBN Governor, Olayemi Cardoso, at the just...
Access Bank Plc’s planned acquisition of South Africa’s Bidvest Bank has reportedly collapsed after failing to secure the necessary regulatory approvals, sources have confirmed. Business Hallmark...
Nigeria’s external reserves are projected to climb to $51.04 billion by 2026, reflecting strengthening foreign exchange inflows and improving macroeconomic stability, the Central Bank of Nigeria...
The Central Bank of Nigeria (CBN) has scrapped restrictions on cash deposits and raised the weekly cash withdrawal limit for individuals to N500,000, up from N100,000,...
Nigeria’s external position has strengthened significantly on the back of a sharp rise in the current account balance, which grew by more than 85 per cent...
Nigeria’s financial sector recorded major developments on Tuesday as the Central Bank of Nigeria (CBN) confirmed that sixteen banks have fully met its revised capital requirements,...
The Central Bank of Nigeria has reaffirmed its commitment to deeper collaboration with fiscal authorities to strengthen the nation’s financial system. The Deputy Governor, Ms. Emem...
Nigeria’s foreign exchange reserves have surged to $46.7 billion, marking the highest level in seven years, the Central Bank of Nigeria (CBN) announced on Tuesday. The...
The Central Bank of Nigeria (CBN) has tightened regulatory control over the country’s fast-growing agent banking sector, imposing steep penalties on super agents, financial institutions, and...
