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

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

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced the appointment of Henrietta Ugboh as an Independent Non-Executive Director as Owanari Duke retires from the Group Board. The ...

CBN said, “More consumers believe that the cost of transportation, house purchase, purchase of car/vehicle, rents and medical expenses will experience increase over the next six months.

The Nigeria Deposit Insurance Corporation, NDIC, has commenced a national auction of landed properties and physical assets ...

Nigeria's foreign reserves rose to $40.08 billion on November 7, 2024, reaching their highest level in nearly two years, according to data by the Central Bank of Nigeria (CBN). This milestone marks a ...

Noting that the Central Bank of Nigeria (CBN) has raised interest rates to 27.25 per cent in its fifth consecutive hike this year to curb inflation and stabilise the naira, Otunuga noted that CBN’s ...

Nigeria’s foreign reserves increased to $40.167 billion as of November 11, 2024, for the first time since 2022. This is ...

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

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 ...

This is where the CBN comes in. The Central Bank of Nigeria (CBN ) has the statutory function of issuing the naira and managing the circulation of the naira. It also manages the exchange of foreign ...

The development came months after the Central Bank of Nigeria (CBN) revoked Heritage Bank Plc's license with immediate ...