The Bank of England on Thursday halved its forecast for UK economic growth this year, blaming global risks amid US tariff threats and deteriorating business confidence in the UK. The sharp downgrade, ...

Fidelity Bank has indicated that it would be raising additional funds via private placements to meet the new capital ...

Zenith Bank Plc has revealed that it raised N350.4bn from its combined rights issue and public offer thus exceeding the ...

The Central Bank of Nigeria (CBN) has unveiled new regulations restricting Bureau de Change (BDC) operators to sourcing a maximum of $25,000 in foreign exchange per week from a single authorised ...

According to the CBN governor, Olayemi Cardoso, the review of the eNaira will identify and address key barriers to adoption, with a focus on fostering trust, usability, and widespread acceptance ...

BDC operators have commenced discussions on mergers and acquisition (M&A) in order to meet the recapitalisation deadline set ...

Nigeria’s external reserves declined significantly by about $1.19 billion in the last three weeks plus. This is according to the Central Bank of Nigeria, CBN, gross external reserves data.

The Central Bank of Nigeria (CBN) has once again demonstrated its resolve to uphold stability and discipline in the banking sector with its recent imposition of sanctions on nine Deposit Money ...

The Central Bank of Nigeria, CBN, has issued fines to at least nine Deposit Money Banks for failing to ensure cash availability via automated teller machines, ATMs, during the festive season.

The Central Bank of Nigeria (CBN) has announced a revised framework for Automated Teller Machine (ATM) transaction fees, eliminating free interbank withdrawals and introducing charges of up to N600 ...

The Central Bank of Nigeria (CBN) has waived N250,000 annual licence renewal fee for each Bureau De Change (BDC) operator for the 2025 financial year. In a statement, CBN Acting D ...

The Central Bank of Nigeria (CBN) yesterday said it has fined nine banks N1.35 billion for failing to make Naira notes available through automated teller machines (ATMs), during the yuletide season.