Central Bank of Nigeria (CBN) has announced a remarkable $6.83 billion balance of payments surplus for 2024, marking a decisive turnaround from deficits of $3.34 billion...
Nigeria may soon exit the Financial Action Task Force (FATF) grey list, Emomotimi Agama, director-general, Securities and Exchange Commission (SEC), has said. This is with the...
By Lukman Otunuga, Senior Market Analyst at FXTM On Wednesday 9th April, US reciprocal tariffs go into effect on numerous countries including Nigeria. Washington has slapped...
Nigeria has approached the World Bank for a fresh $10.50m loan to enhance the Central Bank of Nigeria’s (CBN) technical capacity and modernise the country’s domestic...
Depositors of Heritage Bank (in-liquidation) with balances exceeding the insured sum of ₦5 million will be paid from the sale of physical assets and debt recovery...
Titan Trust Bank has selected Oracle FSS for its core and digital banking technology, it is understood. The start-up bank recently obtained its license by the...
Depositors of Heritage Bank with deposits exceeding N5 million have appealed to the National Assembly to intervene and assist in the resolution of the bank’s license...
Zumax Nigeria Limited, an oil services company, has filed a N4.1 billion lawsuit against the Central Bank of Nigeria (CBN), alleging gross negligence and complicity in...
United Bank for Africa (UBA) Plc. Africa’s Global Bank, has launched the Afrigo Card, a revolutionary domestic card scheme aimed at transforming the Nigerian payments landscape....
The exchange rate stabilised in the FX market as the Central Bank of Nigeria (CBN), defended the local currency with $360 million, stemming a negative tide...
