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...
The Central Bank of Nigeria‘s (CBN) redesigned policy has resulted in a significant drop in the total amount of currency-in-circulation in the country. According to figures...
The Central Bank of Nigeria (CBN) has revised the regulatory requirements for the tenure of Executive Management and Non-executive Directors (NEDs) of deposit money banks (DMB)...
Deposit Money Banks (DMBs) in Nigeria have announced they will be closing early on Friday, a day ahead of the presidential polls holding nationwide on Saturday....
The Central Bank of Nigeria’s (CBN) cashless policy, which aims to reduce the amount of cash in circulation, has faced challenges due to unreliable digital banking...