News
Nigeria: 28 Million Nigerians Remain Unbanked, Despite CBN’s Financial Inclusion Gains
The Central Bank of Nigeria (CBN) reported yesterday that over 28 million Nigerians still lack access to formal financial products and services, even ...
Nigeria
Nigeria’s CBN Strengthens Financial Inclusion Drive with Launch of We-Fi Code and Dashboard
The Central Bank of Nigeria (CBN) has reinforced its commitment to advancing financial inclusion as a foundation for economic growth, unveiling the We-Fi ...
Nigeria
Nigeria: Money Market Rates Surge Amid Liquidity Squeeze Due to CRR Debits
Money market rates surged to double-digit highs this week, driven by a liquidity squeeze in the banking sector. Opening with a liquidity deficit ...
News
Nigeria: Federal Government to Begin Clearing Pension Backlog Next Week – Finance Minister Edun
The Federal Government of Nigeria will begin addressing the backlog of pension payments under the Contributory Pension Scheme (CPS) next week, according to ...
Nigeria
Nigeria: Lotus Bank Achieves CBN’s Minimum Capital Requirement Ahead of New Mandate
Lotus Bank Limited, Nigeria’s pioneering non-interest bank, has confirmed it has met the Central Bank of Nigeria’s (CBN) updated minimum capital requirement for ...
News
Nigeria: Naira Drops to N1,690/$ as FX Market Intervention Declines
The Nigerian naira fell further against the US dollar in the autonomous foreign exchange (FX) market, reaching approximately N1,690 per dollar on Tuesday. ...
News
Nigeria’s Money Supply Surges to N108.95 Trillion
Recent data from the Central Bank of Nigeria (CBN) reveals a sharp year-on-year rise in the country’s broad money supply (M3), which grew ...
News
Nigeria: NDIC Initiates Auction of Heritage Bank Assets to Settle Uninsured Depositors’ Claims
The Nigeria Deposit Insurance Corporation (NDIC) has begun a nationwide auction of properties and assets belonging to the defunct Heritage Bank, in a ...
Nigeria
Nigeria: FIRS Enhances Taxpayer-Friendly Approach Amid Transformative Initiatives — Chairman
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, has highlighted the agency’s commitment to a more taxpayer-friendly approach, ...
News
Nigeria: Naira Weakens as CBN Foreign Payments Surge by 11%
The naira continued its downward trajectory in the foreign exchange market, depreciating by 0.7% week-on-week to N1,678.87 per US dollar at the Nigerian ...
