CBN Raises Minimum Capital Requirements for Nigerian Banks
The Central Bank of Nigeria (CBN) has announced a significant increase in the minimum capital base for commercial banks operating...
Daily Forex Turnover Reaches Record High of $857 Million as Naira Strengthens
On Thursday, March 28th, the daily forex turnover surged to an all-time high of $857 million, marking a significant milestone...
NDPC Investigates Over 400 Cases of Privacy Breaches by Loan Apps
The Nigeria Data Protection Commission (NDPC) is currently delving into more than 400 instances of privacy breaches related to digital...
Dollar Exchange Allegedly at N900/$ in Abuja
This morning, reports emerged of unprecedented chaos at the popular Bureau De Change (BDC) spots in Zone 4, Abuja. According...
UBS Sells $8 Billion of Credit Suisse Assets to Apollo
In a strategic move aimed at shedding non-core assets following its acquisition of the collapsed banking group, UBS (UBSG.S) has...
CBN Uncovers $2.4 Billion Fraudulent FX Forwards Claims
The Central Bank of Nigeria (CBN) has called for law enforcement intervention to investigate foreign exchange forwards claims amounting to...
Record High Cocoa Prices Spell Concern for Consumers
Cocoa prices are skyrocketing to unprecedented levels, with consumers bracing for potential impacts on their wallets as the world grapples...
NCC Records Historic Data Consumption of 721,522 Terabytes in January 2024
The Nigerian Communications Commission (NCC) has disclosed that data consumption in January 2024 reached an unprecedented 721,522 terabytes, marking the...
Top Story: Central Bank Raises MPR by 200 Basis Points to 24.75%
In response to growing concerns over inflation and economic stability, the Monetary Policy Committee (MPC) of the Central Bank convened...
Stock Market Sees N288.9 Billion Decline due to Profit-Taking in Dangote Sugar
The Nigerian Exchange Limited (NGX) started the week's trading on a bearish note, with a significant drop of N288.9 billion...
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