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A photo combination of Godwin Emefiele and a court gavel The Federal High Court in Lagos has ordered the permanent forfeiture of $4.7 million, ₦830...
Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital bank, ALAT, Wema Bank, has announced that it will be completing its capital raise through...
FILES: Naira notes Riding on the back of domestic borrowings by the Federal Government from the private sector, Nigeria’s Broad Money Supply (M2) increased by...
Photo illustration of CBN Governor, Yemi Cardoso, and CBN logo The economy grew by 3.46 per cent in Q32024, with output reaching ₦20.115 trillion, up...
US dollar notes. The Central Bank of Nigeria has granted temporary permission to Bureau de Change operators, to purchase up to $25,000 in foreign exchange...
The Central Bank of Nigeria (CBN) has warned the general public to be cautious of fraudulent ‘Swift’ messages and unsubstantiated claims regarding foreign currency transfers...
At the 2024 Nigeria Fintech Week held in Lagos, Branka Mracajac, CEO of 9 Payment Service Bank (9PSB), Nigeria’s digital payment service bank, focused on financial...
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the liquidation of Heritage Bank Plc. The insurer of depositors’ funds said this in a statement...
The Central Bank of Nigeria (CBN), has revoked the banking licence of Heritage Bank Plc with immediate effect. A statement by the Ag. Director,...
The Federal Government says there are no plans to “illegally access” workers’ savings and pension contributions. There were reports that the Federal Government plans...