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…