Banking

CBN Blacklists Chronic Loan Defaulters, Bars Them from Banking Services

March 27, 2026

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Asian Currencies Retreat as Chinese Data Points to Slower Growth

OPS Takes Legal Action Against Banks Over Rejected Forex Applications Worth $7bn

March 25, 2024

Some businesses operating under the umbrella of the Organised Private Sector of Nigeria (OPSN) are contemplating legal action against commercial...

U.S. Steps In on Emefiele Trial, Alleges Human Rights Violations

CBN Reports N193 Billion Missing from N10.3 Trillion Intervention Funds Under Emefiele

The Central Bank of Nigeria (CBN) has uncovered significant discrepancies in the management of intervention funds totaling N10.3 trillion during...

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

CBN Clears Forex Debt, Triggers New Exchange Rate Expectations

The Central Bank of Nigeria (CBN) has announced the successful clearance of all outstanding forex forward contracts, a move that...

CBN Lifts Forex Ban on Importation of Milk and Dairy Products

by Victoria Attah

In a significant policy shift, the Central Bank of Nigeria (CBN) has lifted the restriction on accessing foreign exchange for...

Key Pitfalls to Avoid in Forex Trading: Tips for Success

Banks Introduce Stricter Requirements for Forex Buyers, Demand Three-Year Tax Clearance

In a move to enhance compliance and regulatory oversight, several banks in Nigeria have implemented new measures requiring customers to...

Naira Faces Significant Depreciation in Q3 2023, Raising Concerns Over FX Stability

Naira Strengthens to N1,460/$ in the Parallel Market

In a significant turnaround, the Nigerian naira demonstrated resilience against the United States dollar on Wednesday, experiencing a notable surge...

Battered Commodity Currencies Gain Attention Amid Dollar’s Decline.

Naira Strengthens to N1,560.57 Against Dollar on Official FX Market

March 20, 2024

The naira has surged against the US dollar, now quoted at N1,560.57 on the official market. This upward momentum reflects...

DMO Announces Subscription Offering for Federal Government Savings Bonds.

African ESG Bonds Surpass $4.4 Billion Pioneered by international loans

March 19, 2024

African entities have raised a total of $4.4 billion through international loan securities issued for investments adhering to Environmental, Social,...