Nigerian Deposit Money Banks borrowed N5.38 trillion from the Central Bank of Nigeria (CBN) in the first five days of July 2024. This was a 245...
The Nigerian government generated N78.95 billion from the N50 levy imposed on electronic bank transfers in the first five months of 2024. This revenue collection revealed...
In a bid to stabilize the foreign exchange market and ensure efficient management of excess foreign currency, the Central Bank of Nigeria (CBN) has introduced new...
The Central Bank of Nigeria (CBN) has expressed satisfaction with the strides made in stabilizing the naira as excessive volatility appears to be subsiding. Speaking in...
CRC Credit Bureau Limited celebrated its 15th anniversary with a record 14% credit penetration rate. The occasion was marked with the CRC Finance and Credit Conference...
The World Bank has approved a $2.25 billion funding package aimed at stabilizing the economy and assisting the most vulnerable segments of the population. The Washington-based...
The currency in circulation in Nigeria rose to N3.97 trillion by the end of May, this surge marks an all-time high for the nation and represents...
The Federal Government’s expenditure on debt financing rose to $854.36 million in May alone, according to data released by the Central Bank of Nigeria (CBN). This...
The Central Bank of Nigeria (CBN) announced on Monday that it has revoked the license of Heritage Bank Plc. Heritage Bank is now the first lender...
The Central Bank of Nigeria (CBN) has unveiled its plan to issue N1.56 trillion worth of treasury bills during the third quarter of 2024. This strategic...