“Following the revocation of Heritage Bank’s banking licence by the Central Bank of Nigeria on 3 June 2024 and its subsequent liquidation, the group wrote-off its receivable relating to the cash held ...

The Nigeria Deposit Insurance Corporation of Nigeria (NDIC) disclosed that it will commence the sale of Heritage Bank's ...

A man caused the collapse of an entire bank after selling his employer an imaginary airport for a whopping $242,000,000.

Nigeria’s fiscal deficit continues to swell, with recent figures showing a budget deficit of 7.6% of GDP as of August ...

The Nigeria Deposit Insurance Corporation (NDIC) says the sale of Heritage Bank assets will begin on December 4, 2024.In a ...

The forum was well-attended, with a selective group of participants from the Nigerian diaspora including industry leaders, ...

Nigeria’s biggest bank is considering selling dollar-denominated securities in the domestic market to fund its expansion ...

Nigeria's largest banks poised for stock rally due to record-high interest rates and increased net interest income. Central Bank of Nigeria's policy rate surge from 18.75% to 27.25% aimed at curbing ...

HOUSTON, Oct. 19, 2024 /PRNewswire/ -- The Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS), major Nigerian banking institutions ...

The emergence of Central Bank Digital Currencies (CBDCs) introduces transformative potential for international business, particularly by enhancing cross-border transaction efficiency, reducing costs, ...

Jerome Powell, Chairman of the United States Federal Reserve, firmly dismissed speculation about his position as Donald Trump ...

HOUSTON, Oct. 31, 2024 /PRNewswire/ -- The Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS), Nigerian banks, and International Money Transfer ...