Stanbic IBTC Holdings PLC Announces Resignation of Mr. Barend Kruger

In a move set to revolutionize the foreign exchange market, GTCO, the parent company of GTBank, has launched a new...

AMMBAN Lagos Chapter Releases Unified Price List for POS Operations.

The Association of Mobile Money and Bank Agents in Nigeria (AMMBAN), Lagos State Chapter, has taken a significant step in...

NDPC Investigates Babcock University and Financial Institutions for Alleged Data Breaches.

The Nigerian Data Protection Commission (NDPC) has initiated an investigation into Babcock University and five other financial institutions over suspected...

Analyzing Nigeria’s Money Supply: Money Supply drops, as currency in circulation rises by 6.32%

Money supply, also known as M3, decreased by 0.43 percent in May 2023 according to the Central Bank of Nigeria...

CBN Supplies $29.5 Million at FX Auction as Naira Depreciates at I&E Window.

The Central Bank of Nigeria (CBN) injected approximately $29.5 million into the foreign exchange (FX) market during the recent auction...

Nigeria Customs Service Increases Port Exchange Rate to N589.5/$.

The Nigeria Customs Service (NCS) has announced an increase in the exchange rate for cargo clearing at the port, as...

CBN Urges Nigerian Tertiary Institutions to Embrace e-Naira for Transactions.

In a bid to enhance efficiency and cost-effectiveness in financial transactions within the education sector, the Central Bank of Nigeria...

Naira depreciated further to N763/$ at the Investors and Exporters Windows.

On Thursday, June 22, 2023, the Investors and Exporters window recorded depreciation in the value of the naira as it...

Nigeria’s Forex Market Reacts to Exchange Rate Unification.