Banking
CBN to sanction banks not dispensing cash
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso has said the bank will put in place a monitoring...
Jaiz wins 2024 global Most Promising Islamic Bank award
Nigeria’s pioneer Non-Interest Bank, Jaiz Bank, has emerged the global Most Promising Islamic Bank in 2024. The Global Islamic Finance...
CBN approves $20,000 for eligible BDCs at N1,580/$
The Central Bank of Nigeria (CBN), says it has approved 20,000 dollars each for eligible Bureaux De Change (BDCs) at...
CBN raises Standing Deposit Facility rates to manage liquidity
The Central Bank of Nigeria (CBN) has increased the rates for Standing Deposit Facility (SDF). This decision was detailed in...
Nigerians borrow N4.82 trillion from banks in three months
Nigerians borrowed a total of N4.82 trillion from banks between January and March this year. This is according to the...
FG fines Fidelity Bank N555 million for customers’ privacy breach
The National Data Protection Commission has slammed a fine of N555. 8 million on Fidelity Bank for infractions relating to...
MTN, Zenith, others boost market capitalisation by N578 billion gain
Investors’ renewed interest in MTN Nigeria, Zenith Bank, Guaranty Trust Holding Company (GTCO), and other stocks on Thursday made the...
CBN adopts Retail Dutch Auction to boost liquidity
The Central Bank of Nigeria (CBN) says it undertook the sale of foreign exchange (Fx) to end users through a...
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...