According to recent data from the Nigeria Interbank Settlement System (NIBSS), the value of E-payment transactions in Nigeria fell to N37.67 trillion in February 2023, a...
The nation’s economy had been described to be deteriorating and unproductive as it lost N20 trillion to the current naira scarcity situation, the latest report from...
The Central Bank of Nigeria, CBN has released strict directives for the operation of open banking system in Nigeria. According to the CBN, the new guidelines...
The Central Bank of Nigeria (CBN) has reacted to the recent poor rating of the International Monetary Fund (IMF) on the Anchor Borrowers’ Programme, faulting its...
Following the Supreme Court judgement, some commercial banks including Access Bank and GTB have started paying out old N500 and N1,000 notes to customers. Bank customers...
Despite the Supreme Court ruling extending the use of the old naira notes as legal tender till December 31, 2023, Nigerians and commercial banks have insisted...
The Central Bank of Nigeria (CBN) has reported a further decline in the country’s external reserves, with figures showing a fall of $317m in February. This...
The figures revealed that the industry's total assets grew by 24.24% or N14.36tn, rising from N59.24tn in December 2021 to N73.59tn during the corresponding period in...
The latest data from the Central Bank of Nigeria (CBN) has indicated that bank loans to the private sector have grown to N42.25tn as at the...
The International Monetary Fund (IMF) says agricultural loans offered have not significantly improved production and the Nigerian economy. This is as the IMF revealed that only...