Nigeria's government has officially endorsed cryptocurrency adoption as part of its broader economic strategy, marking a significant shift in the country’s financial landscape. This decisio…
The Nigerian Naira has shown significant strength against the US dollar in recent weeks, buoyed by a recovery in oil revenues and a series of economic measures implemented by the government. As the…
The adoption of the Central Bank of Nigeria's (CBN) digital currency, eNaira, has surged notably across northern states, marking a significant shift in the financial habits of Nigerians. As the cou…
The Central Bank of Nigeria (CBN) has taken a decisive step to combat soaring inflation by raising its benchmark interest rate to 18.75%. This significant increase, announced in the latest monetary…
Nigeria's fintech sector has emerged as a beacon of innovation and investment, attracting a staggering $1.2 billion in funding in 2025, marking an unprecedented milestone in the nation's economic l…
The Central Bank of Nigeria (CBN) has introduced revised transaction fees for Automated Teller Machine (ATM) services, set to take effect on March 1, 2025. In a circular signed by John Onoja…
The Central Bank of Nigeria (CBN) has directed all deposit money banks (DMBs) in the country to ensure they dispense cash to their customers while asking bank customers to report any erring bank.…
The House of Representatives has launched an investigation into the Central Bank of Nigeria’s (CBN) plan to retire over 1,000 staff members, with a payoff scheme of N50 billion. This decisio…
The Central Bank of Nigeria (CBN) has warned the general public to be cautious of fraudulent ‘Swift’ messages and unsubstantiated claims regarding foreign currency transfers allegedly withheld by N…
Tragedy struck at the CBN Quarters along Hadejia Road in Kano when a 60-year-old man, Sabi’u Yusha’u, lost his life after falling into an abandoned well. The Kano State Fire Service confirme…
The Nigeria Deposit Insurance Corporation (NDIC) says the sale of Heritage Bank assets will begin on December 4, 2024. In a statement on Sunday, Bashir Nuhu, NDIC’s director of communication…
A former House of Representative member, Lanre Laoshe, has repaid his N1,200 student loan, received between 1976 and 1979, with the sum of N3,189,217. This is contained in a statement made a…
