China’s central bank, the People’s Bank of China (PBOC), executed its most substantial medium-term liquidity injection since December 2020, injecting a net 289 billion yuan ($39.6...
Customer complaints to five major Nigerian banks have surged by an alarming 117% year-on-year, with the number of grievances skyrocketing from 3,156,704 in June 2022 to...
The Central Bank of Nigeria (CBN) has announced the reversal of a 2015 circular that prohibited access to foreign exchange (FX) for 43 specific items. Isa...
The Federal High Court in Lagos is set to commence proceedings to decide the fate of the 11th Annual General Meeting (AGM) of First Bank Holdings...
What is the Dollar to Naira exchange rate at the parallel market, known as the black market (Abokifx) today? As of October 11th, 2023, the dollar...
In an effort to address Nigeria’s persistent foreign exchange liquidity crisis, Nairagram, a licensed International Money Transfer Operator, has announced a partnership with the Central Bank...
Dr. Tunde Lemo, a former Deputy Governor of the Central Bank of Nigeria, cautioned against the hasty implementation of a free-floating exchange rate for the Naira....
The Association of Senior Staff of Banks, Insurance, and Financial Institutions (ASSBIFI) has issued a dire warning to Heritage Bank Plc., sparking a potential labor dispute...
To mark the 2023 Customer Service Week, Unity Bank Plc customers will win prizes while participating in engagement activities lined up for the week-long celebration. From October 2...
Deposit Money Banks (DMBs) in Nigeria have seen an 82.15 percent decline in borrowing from the Central Bank of Nigeria (CBN) under the Standing Lending Facility...
