The Central Bank of Nigeria (CBN) has announced the reintroduction of the retail Dutch auction system, set to commence this Wednesday. The decision comes as the...
Nigerian banks have recorded N21 trillion in deposits during the first quarter of 2024, according to the Central Bank of Nigeria (CBN). Over the past 15...
Access Bank has announced a comprehensive revamp of its digital loan platform, QuickBucks. The upgraded platform promises to make it easier for consumers to access a...
Nigerian foreign investments surged following the Central Bank of Nigeria’s (CBN) recent bank recapitalisation program. The CBN Governor, Olayemi Cardoso, stated this during an event in...
Femi Otedola, chairman of FBN Holdings Plc, has called for banks to curb their extravagant spending and adopt a new windfall tax to regain public trust...
Ecobank Group’s profit before tax rose by 5% year-on-year to $324 million. However, excluding the impact of foreign currency translation due to the strength of the...
FBN Holdings, Nigeria’s oldest financial institution, has doubled its pre-tax profit to a record N411.9 billion in the first half of 2024. This is the bank’s...
Zenith Bank Plc is set to raise N290 billion through a combination of a Rights Issue and a Public Offer in compliance with the revised minimum...
The Nigerian financial sector is in turmoil as bankers and economic experts raised alarms over the proposed 70 percent foreign exchange (forex) windfall tax on banks...
The Central Bank of Nigeria (CBN) has injected $148 million into the Nigerian Foreign Exchange Market (NAFEM). This initiative saw 29 authorized dealers participate in transactions...
