The Central Bank of Nigeria (CBN) has reported a significant increase in net foreign exchange (FX) flows into the country,...

In the first half of 2024, five Nigerian banks collectively reported foreign exchange gains amounting to N67.89 billion. This represents...

In a startling revelation, Interpol has announced that millions of dollars are laundered out of Nigeria every hour, highlighting the...

The Central Bank of Nigeria (CBN) has introduced new regulations to facilitate the recovery of funds from dormant accounts. These...

As of March 2024, nearly three years post-launch, Nigeria’s Central Bank Digital Currency (CBDC), the eNaira, constitutes less than 1%...

The naira has extended its depreciation streak to eight consecutive days, closing at N1,507.83 per dollar on Wednesday, according to...

Nigerian business tycoon Femi Otedola has significantly reinforced his position as the largest shareholder of FBN Holdings by acquiring an...

The Nigerian Exchange (NGX) witnessed a tumultuous trading day on Monday, as investors grappled with losses amounting to N102 billion....

Nigerian bank stocks are experiencing another round of losses as investors grapple with the implications of impending bank recapitalization plans...

The Central Bank of Nigeria (CBN) has announced plans for a significant restructuring in its operations, aiming to transfer approximately...