September 22
Nigeria: Isma'ila Galadanchi (1961-2024) - Tribute to a Kind Mentor
His mentorship and instinct for protecting those under his guidance seemed to be built into his very nature Read more »
September 23
Nigeria: Nem Insurance, Ecobank, Veritas Kapital Top Stocks Pick This Week
This is not a buy, sell or hold recommendation but a stock investment guide. Read more »
September 18
Nigeria: CBN to Enforce 0.005 Percent Cybercrime Levy On Transactions
This rate is lower than the 0.5 per cent levy previously introduced by the CBN in May. Read more »
Nigeria: Keystone Bank Gets New Chairperson, Non-Executive Directors
In January, the CBN dissolved the boards and management of several major banks, including Keystone Bank, due to non-compliance with key regulatory standards. Read more »
Nigeria: Leading Sustainable Lending in Nigeria, Boosting Growth for Msmes
In the first half of 2024, FCMB disbursed N180 billion in loans to over 800,000 MSMEs across various industries. This financial support has helped businesses improve operations,… Read more »
September 05
Nigeria: Nigeria's Economic Activities Expand After 13 Months of Contraction - CBN Report
The PMI survey, conducted between August 12-16, involved Purchasing and Supply Executives from three key sectors of the economy: Industry, Services, and Agriculture. Read more »
August 27
Nigeria: Kwara Government, World Bank to Collaborate On Irrigation Farming
Governor Abdul Razaq says the World Bank project will boost agriculture and raise the living standard of the people if sited in Kwara Read more »
August 16
Nigeria: GTBank Confirms Attempt to Hack Its Website
GTBank said the hacking attempt occurred on Wednesday, a day after the bank renewed its domain name. Read more »
August 14
Nigeria: Nigeria's PMI Rises for the 13th Consecutive Month - CBN
An index reading above 50.0 points signals an expansion in business activities, whereas a reading below 50.0 points indicates a contraction. Read more »
August 13
Nigeria: Exclusive - Nigerian Govt. Freezes $37m Worth of Cryptocurrency Traced to Suspected Protest Organisers
In the ex parte application filed on 8 August and heard by the court on the following day, the EFCC described the cryptocurrency assets as proceeds of money laundering and… Read more »
August 12
Nigeria: Heritage Bank - 17.6% of Depositors Unpaid Due to Verification Issues - NDIC
The remaining 17.64 per cent of the insured deposits yet to be paid were largely depositors whose accounts have post no debits (PND) instructions or have no BVN." Read more »
August 11
Nigeria: CBN Disqualifies Six Àbanks in Bids in Retail Dutch Auction
The disqualified bids, which included $279 million from six banks, were rejected due to various compliance failures, including late submissions and invalid forms. Read more »
August 09
Nigeria: CBN and the Road to One Trillion Dollars
The resilience of the Nigerian economy in the first half of 2024 is obvious. The economy recorded a growth rate of 2.98 per cent in the first quarter, up from 2.31 per cent during… Read more »
August 07
Nigeria: 26 Banks Qualify in CBN's $876m Fx Auction
The sale conducted on Tuesday highlights the Central Bank's commitment to stabilising the foreign exchange market and ensuring effective price discovery Read more »
August 06
Nigeria: CBN Approves Unity, Providus Banks' Merger
The CBN said the intervention aims to strengthen Nigeria's financial system and prevent potential systemic risks. Read more »
July 19
Africa: JUST IN: Mass IT Outage Hits Banks, Airlines, Other Global Institutions
The cause of the outage is unclear, but many of those impacted have linked it to Microsoft PC operating systems. Read more »
July 17
Nigeria: Nigerian Govt to Impose Windfall Tax On Banks
The tax will help "fund capital infrastructural development, education and healthcare access as well as public welfare initiatives all of which are essential components of the… Read more »
July 04
Nigeria: CBN Warns Banks Not to Reject Mutilated Naira Notes
The CBN shall not hesitate to apply strict sanctions on DMBs who are reported to have rejected deposits of Naira banknotes from the public, under any guise. Read more »
July 02
Nigeria: AGF Takes Over N16.6 Billion Fraud Against Polaris Bank, Staff Member
The police accused Polaris Bank and one of its officers of fraudulently diverting over N16.5 billion from a customer's various accounts within nearly eight years. Read more »
Nigeria: Reps Probe CBN's N1.12 Trillion Anchor Borrowers Scheme, Nirsal's N215 Billion Loan
The committees are to also investigate the handling of the N5 billion loan facility to the Bank of Agriculture (BOA) for livestock farmers across the country. Read more »
Nigeria: CBN to Sanction Banks, BDCS, Others Over Rejection of Old Dollar Notes
The CBN will not hesitate to sanction any commercial bank or authorised forex dealer that refuses to accept old series or lower denominations of US Dollar bills from customers. Read more »
June 27
Nigeria: CBN Discontinues Price Verification System for Form 'M' Applications
Form M is required for all importers bringing goods into Nigeria with foreign currency. Read more »
June 20
Nigeria: First Bank Announces Appointment of Managing Director, Others
The appointments followed the approval of the board and the Central Bank of Nigeria, FBN Holdings said in a regulatory filing. Read more »
June 12
Nigeria: Banking Industry Workers' Union Expresses Concerns Over Heritage Bank Staff's Future
The union expresses concerns over the fate of its members in Heritage Bank, saying that they should not be unfairly treated. Read more »
June 11
Nigeria: CBN Disengages 16 Directors Following Implementation of Obaze Report
Insiders said sixteen directors were relieved of their duties following the implementation of the CBN special investigator's report, which accused a number of the bank's staff of… Read more »