Banking
Fitch projects FX rate to hit N1,993/$ by 2028
Financial intelligence service provider, Fitch Solutions, has projected that the naira would slide to as low as N1,993 per dollar...
CBN says banks to trade with FX deposits
Central Bank of Nigeria (CBN) has banks are at liberty to trade with the forex deposits, particularly by participants in...
Naira depreciates by 0.6% against dollar
The Naira depreciated on Wednesday at the official market, trading at N1,681.65 to the dollar. Data from the FMDQ Exchange’s...
Banks credit to gov’t hits N42 trillion in Sept — CBN
The Central Bank of Nigeria (CBN) has revealed that credit extended to the government by banks rose to N42.02 trillion...
Senate passes NDIC bill to safeguard bank depositors’ fund
The Senate has passed a bill to strengthen the capacity of the Nigeria Deposit Insurance Corporation’s(NDIC) to safeguard depositors fund...
CBN, IFC partner to boost local currency financing
The International Finance Cooperation (IFC), a member of the World Bank Group, and the Central Bank of Nigeria (CBN) have...
First Bank’s system migration begins October 26
First Bank has announced plans to transition to a new cloud-based procurement and financial platform as part of its ongoing...
Access bank engages customers in Kano
The management of Access Bank Plc has organized a one-day customer engagement forum to discuss and enlighten customers on the...
Naira gains 3.59%, closes at N1,600.78/$
The Naira strengthened on Friday, closing the week at N1,600.78 to the dollar in the official market. Data from the...
World Bank passes vote of confidence on Cardoso
The World Bank has passed a vote of confidence on governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso,...