A Nigerian court has frozen multiple bank accounts after a Keystone Bank system malfunction artificially inflated account balances, allowing unauthorized withdrawals totaling ₦5.7 billion, a...
The decision, announced after the latest Monetary Policy Committee (MPC) meeting, has sparked concerns among business owners who rely on credit facilities to sustain operations. According to the MPC c...
The sharp rise in demand led to higher allotments, even as yields fell, reflecting stronger investor confidence in Nigeria’s debt market. This is according to the auction result released by the Debt M...
The National Pension Commission(Pension), has said that its consistent awareness creation efforts as well as financial inclusion strategy in the past five years yielded tremendous result despite...
The Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Dr Chinyere Almona, has urged the Central Bank of Nigeria (CBN) to do a reality check on the business environment and align i...
Unity Bank has reported a staggering loss of ₦62.6 billion for the financial year ended December 31, 2023, marking a sharp reversal from a profit of ₦941 million in 2022. The bank’s audited 2023 finan...
The Securities and Exchange Commission (SEC) has announced a significant reduction in the time it takes for companies to obtain approval for offers, bringing the timeframe from over a year down to jus...
According to a statement by its managing director, Hamid Joda, the bank won the ‘Best Islamic Bank in Nigeria’ award through a global survey conducted by the IFN. Mr Joda attributed the bank’s global ...
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to enhancing economic cooperation between Nigeria and the Kingdom of Saudi Arabia, according to a statement released on Sunday. CBN Gove...
Analysis of the CBN data showed that a significant portion of the N5.24 trillion, N4.74 trillion, or 90.4 per cent, was held outside the banking system, reflecting the continued dominance of cash tran...
