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The Nigerian foreign exchange market opened on Wednesday, March 11, 2026, with the naira trading within a narrow range across official and parallel markets. Market analysts...
The naira ended the second week in a significant depreciation against the dollar in official and parallel foreign exchange markets. On Friday, the Central Bank of...
President Bola Ahmed Tinubu has nominated Mr Taiwo Oyedele as the minister of state for finance, replacing Dr Doris Uzoka-Anite. Uzoka-Anite will now move to the...
The Central Bank of Nigeria has approved the merger between Unity Bank Plc and Providus Bank Limited, clearing the way for the two banks to begin...
Akpo Ojo The Central Bank of Nigeria (CBN) has approved the participation of licensed Bureau De Change (BDC) operators in the Nigerian Foreign Exchange Market (NFEM)...
The profit of First Bank Holdings has crashed by 92% due to a massive N748 billion provision for bad loans. The Group Chairman of First Bank...
By Akpo Ojo The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reaffirmed the apex bank’s commitment to financial sector reforms and long-term...
WASHINGTON, December 19, 2025 – The World Bank has approved a 500 million dollar financing package for Nigeria aimed at expanding access to finance for micro,...
The Central Bank of Nigeria has issued final operating licenses to only 82 Bureaux De Change under its revised regulatory framework, authorizing them to operate from...
The Federal Government will prohibit cash payments for all its services starting January 1, 2026, as part of a decisive shift to fully digital revenue collection....