CBN’s new lending rate to raise the entire construction value chain
Industry professionals fear that the increased interest rate set by the Central Bank of Nigeria (CBN) will have an adverse...
CBN evacuate old naira notes from its vault to commercial banks nation wide.
The Central Bank of Nigeria (CBN) has confirmed the evacuation of banknotes from its vaults to commercial banks across the...
Stanbic IBTC appoints Mrs. Ndidi Nwuneli as independent non-executive director.
Stanbic IBTC Holdings PLC has recently announced the appointment of Mrs. Ndidi Nwuneli (MFR) as an independent non-executive director, following...
Binance temporarily suspends spot trading on its platform.
Binance, the world’s largest crypto exchange, has recently announced that spot trading on its platform has been temporarily suspended. This...
Insurance companies’ customers claim N318bn in Q4 2022
The insured claimed N318.2 billion from insurance companies in the last quarter of 2022. The National Insurance Commission, NAICOM, an...
Currency in circulation dropped to N982 billion which is the lowest recorded since 2008.
Nigeria's currency in circulation fell to a record low of N982 billion in February 2022 down from N1.39 trillion recorded...
Order banks to overhaul their electronic platforms, reps tell CBN.
The house of representatives has asked the Central Bank of Nigeria (CBN) to direct commercial banks to overhaul their existing...
The US Fed raised interest rates to 5% amid banking crises.
Federal Reserve officials raised interest rates by a quarter-point while they noted that bank turmoil could help slow the economy....
UK raises interest rates by 4.25%, the highest ever recorded since 2008.
The Bank of England raises interest rates by 25 basis points to 4.25%, which is the highest rate ever recorded...
Mobile banking frauds amount to N2.67 billion loss- FITC.
The report of fraud and forgeries in Nigerian banks during the third quarter of 2022 revealed that mobile banking fraud...
Popular Story
FG and CBN Sign Six-Point Agreement to Curb Inflation and Stabilise Fuel Prices
31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows
BP Stock Declines Following CEO’s Resignation Over Relationship Disclosure
BoI disburses GEEP loans to 350,000 beneficiaries
Most powerful financial leader takes side with CBN, says Bitcoin is untrustworthy
