FinancialStability

Lagos: The Central Bank of Nigeria has added $3.5 billion worth of responsibly sourced gold, refined toLondon Bullion Market Association (LBMA) Good Delivery standards, into its foreign reserves — marking …

Lagos: The Association of Corporate and Marketing Professionals in Banks (ACAMB) has debunked claims of bank shutdowns under the Central Bank of Nigeria’s recapitalisation policy, stressing that international banks are …

Ilaro, Ogun State: Senator Solomon Adeola (APC–Ogun West) has announced that Nigeria now saves an estimated ₦10 trillion every year followingPresident Bola Tinubu’s bold removal of the fuel subsidy. Adeola, …

Lagos: The Association of Corporate Communication and Marketing Professionals in Banks (ACAMB) has assured that Nigerian banks are safe and healthy, with none having shut down due to recapitalisation, as …

Every naira spent on debt service is a naira lost to education, healthcare, and food security. The World Bank’s latest International Debt Report paints a stark picture: between 2022 and …

Abuja: Central Bank of Nigeria (CBN) Governor, Mr Olayemi Cardoso, has commended the Monetary Policy Department (MPD) of the apex bank for its pivotal role in driving the apex bank’s …

Abuja: The Nigeria Deposit Insurance Corporation (NDIC) says its enhanced legal framework now provides greater strength and effectiveness in executing its mandate for bank liquidation. This is contained in a …

Lagos : The Naira on Friday extended its gain, closing the trading week stronger at N1,421.73 to the dollar at the official foreign exchange market. Data from the Central Bank …

Lagos (Nigeria): The Naira on Monday appreciated further at the official foreign exchange market, trading at N1,452.79 to the dollar. Data from the Central Bank of Nigeria (CBN) showed the …

Abuja: The Nigerian Financial Intelligence Unit (NFIU) has confirmed Nigeria’s removal from the Financial Action Task Force (FATF) grey list, marking a significant achievement in the country’s fight against money …