The Central Bank of Nigeria (CBN) has reintroduced the publication of several key economic reports, reaffirming its commitment to fostering transparency and accountability in the Nigerian economy. These reports, including…
The Naira on Monday appreciated at the official market, trading at N1,607.15 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the…
The Central Bank of Nigeria (CBN) has once again tightened Monetary Policy Rate (MPR), increasing the interest rate by 50 basis points to 26.75 percent. The move is aimed at…
The Central Bank of Nigeria (CBN) has refuted allegations that it is contemplating the revocation of operating licences for Fidelity, Polaris, Wema, and Unity Banks. This clarification came amidst concerns…
The Nigerian Deposit Insurance Corporation has reassured Heritage Bank depositors that there’s no cause for alarm, as it is actively repaying them. Bello Hassan, NDIC’s Managing Director, shared this during a press…
The Central Bank of Nigeria (CBN) has announced that it has no plans to revoke the licences of Unity, Polaris, and Keystone banks. This statement came in response to online…
The Central Bank of Nigeria (CBN) said it has revoked the licence of Heritage Bank Plc with immediate effect following the failure of the Management of the company to improve…
The National Bureau of Statistics (NBS) Monday, April 15, said the inflation rate increased from 31.70% in February 2024 to 33.20% in March 2024. According to the Bureau in its…
The exchange rate of Nigeria’s currency, the Naira has continued to appreciate to the dollar in response to the fiscal and monetary policies of President Bola Tinubu’s administration. According to…
Naira has continued to gain tremendously at the official market, trading at N1,278.58 to a dollar on Tuesday. Data from the official trading platform of the FMDQ revealed that the…