Mr. Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), made revelations about the status of outstanding foreign exchange (FX) claims and shed light...
The Socio-Economic Rights and Accountability Project (SERAP) has intensified pressure on President Bola Tinubu to launch a thorough investigation into the whereabouts of the $3.4 billion...
Nigeria faces a looming debt crisis as recent approvals for fresh borrowings could propel the nation’s total debt to surpass N107.38 trillion. The approval initiated by...
FBN Holdings, one of Nigeria’s foremost financial institutions, has announced a remarkable surge in profits for the fiscal year 2023. According to its unaudited consolidated financial...
The Central Bank of Nigeria (CBN) has intensified its efforts to stabilize the nation’s foreign exchange market and directed banks to release over $5 billion in...
The Central Bank of Nigeria (CBN) has issued a directive ordering Deposit Money Banks (DMBs) to divest their surplus dollar holdings by February 1, 2024. This...
FBN Holdings has appointed Femi Otedola as its new Chairman of the Board of Directors, eliciting applause from shareholders and industry observers alike. The billionaire businessman’s...
Wema Bank Plc, one of Nigeria’s banks on Wednesday reported a 104.7% increase in profit before tax from N14.88 billion in 2022 to N30.46 billion in...
Fidelity Bank, one of Nigeria’s leading tier II banks, experienced a remarkable growth trajectory in its financial performance for the year ended December 31, 2023. According...
The Central Bank of Nigeria (CBN) has completed the payment of all verified foreign exchange (FX) claims owed to airlines. The latest disbursement, totaling $64.44 million,...
