News
Nigeria: NDIC Explains Delays in Refunds to Some Heritage Bank Depositors
The Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan, revealed that certain insured depositors of the now-defunct Heritage Bank ...
Nigeria
Nigeria: CBN to Penalize Banks for ATM Cash Dispensing Failures, Plans N1.4 Trillion Cash Injection
The Central Bank of Nigeria (CBN) has announced its intention to sanction banks that fail to dispense cash through their Automated Teller Machines ...
News
Nigeria: Accion Microfinance Bank and CrediCorp Collaborate to Launch Nationwide Consumer Credit Program for Middle-Income Nigerians
Accion Microfinance Bank (MfB) has joined forces with CrediCorp to introduce a consumer credit program designed to provide affordable loans to over 15,000 ...
News
Nigerians Spent N89.5 Trillion via E-Payment Channels in July 2024, NIBSS Reports
The Nigeria Inter-Bank Settlement Systems (NIBSS) has reported that Nigerians conducted electronic transactions worth N89.5 trillion in July 2024, setting a new record ...
Nigeria
Nigeria: CBN to Penalize Banks Over ATM Failures, Plans to Inject N1.4 Trillion Into Circulation
The Central Bank of Nigeria (CBN) has announced its decision to impose penalties on banks that fail to dispense cash through their Automated ...
Nigeria
Nigeria: CBN Sells US Dollars to BDCs at N77.42 Discount to Stabilize Naira
The Central Bank of Nigeria (CBN) has taken steps to stabilize the exchange rate by offering discounted US dollar sales to Bureau de ...
News
Nigeria: CBN Increases Interest Rate to 27.25% to Tackle Rising Inflation
The Central Bank of Nigeria (CBN) has raised its Monetary Policy Rate (MPR) to 27.25%, up from 26.75%, in a bid to control ...
Nigeria
Nigeria: Decision to Further Tighten Interest Rate Unanimous, Says CBN Governor Cardoso
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has confirmed that the Monetary Policy Committee’s (MPC) decision to further tighten ...
News
NFIU Director Calls on Judiciary to Prioritize Money Laundering Case Adjudication
The Chief Executive Officer of the Nigerian Financial Intelligence Unit (NFIU), Mrs. Hafsat Abubakar Bakari, has called on the judiciary to prioritise the ...
Nigeria
Nigeria: SEC Urges Government Agencies to List on NGX for Inclusivity and Wealth Creation
The Securities and Exchange Commission (SEC) has announced plans to encourage government agencies and state-owned enterprises to list on the Nigerian Exchange Ltd. ...
