Banking
Naira gains N28.34 at official market, trades N1,468.99/$
The Naira on Monday gained N28.34 at the official market, trading at N1,468.99 to the dollar. Data from the official...
CBN writes banks, withdraws circular on cybersecurity levy
The Central Bank of Nigeria (CBN) has written to commercial banks, payment service banks, non-interest banks, mobile money operators and...
Court okays social media handle as account opening requirement
The Federal High Court sitting in Lagos has ruled that collecting and verifying customers’ social media handles as part of...
CPPE urges CBN to halt tightening of interest rate
The Centre for the Promotion of Public Enterprise (CPPE) has urged the Central Bank of Nigeria (CBN) to hold monetary...
Africa’s public debt to drop in 2024 — World Bank
The World Bank Group has projected a positive trend for African countries, noting that their public debt will drop in...
1.02% of depositors control 74% of deposit value in banks – NDIC
The Managing Director/Chief Executive Officer of the Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan, has revealed that about 1.02 per...
Naira hits N1,520/$ at parallel market
The naira depreciated to N1,520 to a dollar at the parallel section of the foreign exchange (FX) market on Monday....
Foreign debt servicing gulps $1.12 billion in Q1
Nigeria spent about $1.12 billion on foreign debt service payments in the first quarter of 2024. This is according to...
Naira depreciates 0.3% against dollar
The Naira on Wednesday slightly depreciated at the official market, trading at N1,421.06 to the dollar. Data from the official...
CBN suspends charges on cash deposits for four months
The Central Bank of Nigeria (CBN) has suspended all charges on cash deposits for four months. The CBN, in a...