The Central Bank of Nigeria (CBN) has granted Parallex Bank Limited the approval to collect Nigeria Export Supervision Scheme (NESS) fees. This noteworthy milestone was revealed...
Power consumers in Nigeria paid a total of N267.86 billion in the second quarter of 2023. This disclosure was made in the Second Quarter 2023 report...
The Nigerian government’s 2024 fiscal plan unveils a financial landscape where servicing its mounting debt burden overshadows the allocation of salaries and pensions for its workforce....
The Federal Executive Council (FEC) meeting unveiled a game-changing development on Monday. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, announced...
Unity Bank customers, Nmeregini Chukwuebuka and Sharif Yusuf Mohd have emerged as winners of 500,000 and 150,000 naira respectively in the ongoing Verve National Consumer Promo. ...
CBN's COVID-19 Forbearance Leads to Loan Repricing
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...
President Bola Tinubu has approved the removal of the Federal Capital Territory (FCT) from the Treasury Single Account (TSA), a move that is set to empower...
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...
