Banking
CBN approves Unity, Polaris banks merger
The Central Bank of Nigeria (CBN) has sanctioned a financial accommodation to support the proposed merger between Unity Bank Plc...
Naira appreciates by 0.6% against dollar at official market
The Naira on Monday appreciated at the official market, trading at N1,607.15 to the dollar. Data from the official trading...
CBN sells $148 million to authorised dealers
The Central Bank of Nigeria (CBN) says it sold a cumulative amount of 148 million dollars to authorised dealers in...
Why we’re mopping up funds in dormant accounts – CBN
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso has explained that the bank is creating a pool for...
CBN sells $122,671 million to 46 authorised dealers
The Central Bank of Nigeria (CBN), has sold the sum of $122,671 million dollars to 46 authorised dealers. CBN Director...
Senate rejects bill to amend Foreign Exchange Act
The Senate on Thursday, rejected a Bill seeking to amend the Foreign Exchange Act, 2004. The piece of legislation also...
Loans apps, others threaten financial stability – Cardoso
The Central Bank of Nigeria (CBN) governor, Yemi Cardoso, has said the growing transaction volumes of Non-Bank Financial Institutions (NBFIs)...
Naira depreciates against dollar at official, parallel markets
The naira, on Friday, depreciated against the dollar in both the parallel and official sections of the foreign exchange (FX)...
Naira depreciates against dollar at official market
The Naira on Thursday slightly depreciated at the official market trading at N1476.24 to the dollar. Data from the official...
FG slams N400m fine on 4 banks, 3 firms for data violation
The federal government, through it's agency, Nigeria Data Protection Commission (NDPC) has slammed fines amounting to N400 million on four...