Banking
Breaking: CBN Increases MPR to 26.25% Following MPC Meeting
The Central Bank of Nigeria (CBN) has announced a significant adjustment to its monetary policy following the 295th meeting of...
Read more
CBN and SEC Impose Fines on Banks Totaling N678 Million
Nine financial institutions in Nigeria paid fines totaling N678 million in 2023 for regulatory violations, a significant decrease from the...
Read more
Naira Continues Decline At N1540/$ Despite Weak U.S. Dollar Index
The Naira has experienced a further decline in the country’s unofficial foreign exchange market, falling to a new low of...
Read more
Insufficient Forex Allocation Blamed for Naira Depreciation, Says BDC Official
A senior official from the Association of Bureau De Change Operators of Nigeria (ABCON) has pointed to insufficient dollar allocations...
Read moreCBN to Shift N5.5 Trillion Development Finance Activities to Private Banks and DFIs
The Central Bank of Nigeria (CBN) has announced plans for a significant restructuring in its operations, aiming to transfer approximately...
Read more
Naira Hits Seven-Week Low, Trading at N1480/$1 in the Black Market
The Nigerian naira experienced a decline over the weekend, reaching a seven-week low against the US dollar. The official exchange...
Read more
Commercial Lenders Slash Government Loans by 73% in March
Commercial banks in Nigeria drastically reduced loans to the government by 73.18% in March 2024, marking a substantial drop from...
Read more
FG Raises N4.2 Billion from Nigerian Savings Bonds in April 2024
The latest issuance of the Federal Government of Nigeria Savings Bonds (FGNSB) has garnered significant attention from investors, resulting in...
Read more
Nigerian Banking Stocks Face Further Declines Ahead of Rights Issues
Banking stocks in Nigeria are bracing for further declines in share prices as the prospect of upcoming rights issues looms...
Read more
Kenyan Banks Face Higher Capital Requirements to Boost International Competitiveness
In a recent announcement, the Governor of the Central Bank of Kenya (CBK) revealed plans to raise the capital requirements...
Read more
Popular Story
May & Baker Nigeria Plc Shareholders Approve N517.57 Million Dividend for 2022 Financial Year
Buhari inaugurates $10 billion NLNG train 7 contsruction, warns against delay
Quidax Advocates Stablecoins as Shield Against Soaring Nigerian Inflation
The Technical Mapping of the Niger/Benue Basin Will Improve Net Export In Nigeria
Interest Rates on Nigerian Treasury Bills Drop Amid High Demand
