Nigerians’ borrowing from banks soared to N3.82 trillion in January 2024, reflecting the impact of rising inflation and challenging economic…
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The Federal High Court in Lagos has permanently forfeited properties valued at N11.14 billion and an additional N1.04 billion, linked…
The Central Bank of Nigeria (CBN) has firmly denied allegations that it is considering revoking the operating licenses of Fidelity,…
The Central Bank of Nigeria (CBN) has officially revoked the operating license of Heritage Bank Plc, citing financial instability and…
The Central Bank of Nigeria (CBN) has laid off nearly 200 employees in a bank-wide restructuring exercise affecting various departments.…
The Central Bank of Nigeria (CBN) has increased interest rates by 150 basis points, bringing the rate to 26.25% from…
The Central Bank of Nigeria (CBN) has rescinded its directive, issued on May 6, that mandated commercial, merchant, and non-interest…
The International Monetary Fund (IMF) has released its 2024 Staff Report, advocating for regulatory oversight of cryptocurrency dealers by the…
The Federal High Court in Abuja has dismissed a suit aimed at halting the Federal Government’s plans to securitize the…
The House of Representatives has called on the Central Bank of Nigeria (CBN) to retract its directive mandating banks to…
The Central Bank of Nigeria (CBN) has revised its forex management policies, permitting International Oil Companies (IOCs) operating in the…
The Federal Government has announced its intentions to remove the Naira from all peer-to-peer (P2P) platforms, as revealed by Emomotimi…