Banking & Finance
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207CBN Unveils New Platform, Eyes $1b Monthly Diaspora Remittances
The Central Bank of Nigeria, in collaboration with the Nigeria Inter-Bank Settlement System, has launched the Non-Resident Bank Verification Number platform, an...
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134
CBN Cracks Down on Scammers Flaunting Fake Contracts, Warns Public
To protect Nigerians from financial fraud, the Central Bank of Nigeria (CBN) has issued a fresh advisory warning the public about the...
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155Nigeria Taps Additional $215m W’Bank Loan for Palliatives
The World Bank has disbursed additional funds to Nigeria under the $800m National Social Safety Net Programme-Scale Up, raising the total amount...
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150Nigeria Removed from List of Countries Indebted to IMF
International Monetary Fund (IMF) has removed Nigeria from its list of debtor-countries. In a report titled: ‘Total IMF Credit Outstanding – Movement...
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106Afreximbank to Fund African Energy Bank with $19b in Bid to Raise Oil Industry Capacity
The African Export Import Bank (Afreximbank) would be funding the African Energy Bank (AEB) to the tune of $19 billion to increase...
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151Naira Printing Costs Skyrocket by 306%
The Central Bank of Nigeria spent N315.18bn on currency issue expenses in 2024, marking a sharp increase of 306 per cent compared...
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125CBN Committed to Long-term Stability, Financial Inclusion –Cardoso
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has reiterated the apex bank’s commitment to promoting long-term economic stability, financial...
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156AfDB Approves $650m Annual Commitment to Boost Economic Growth
The Board of Directors of the African Development Bank Group (AfDB) has approved a new Country Strategy Paper (CSP) for Nigeria covering...
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153CBN Emphasises Financial Inclusion
The Central Bank of Nigeria (CBN) has emphasised its commitment to financial inclusion for the greater benefit of the economy. CBN is...
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161FIRS Orders Banks to Close Unauthorised Tax Collection Accounts
The Federal Inland Revenue Service (FIRS) has instructed all banks in Nigeria to immediately identify and close any tax and levy collection...
