The Central Bank of Nigeria (CBN) made a significant move on Thursday, June 22nd, 2023, by auctioning $29.5 million at the interbank window. This auction showcased the CBN's intervention in the forex ...
In the six months interim result reported by Union bank, the bank revealed that the central bank has increased its total cash reserves requirement from N296 billion to N484.5 billion from the month of...
MTN and Airtel are two major telecommunication companies that operate in Nigeria. The companies sell airtime and data to millions of telephone owners in Nigeria and other African countries. Now ...
Zenith bank on March 3 2023 gets Central Bank's approval in principle to operate their holding company (in formation) known as Zenith Holdco Plc. The Apex bank informed the Nigerian Exchange Grou...
After a jaw-dropping rise in the Russian rubles, the Russian Central Bank (RCB) slammed the brakes last week with an unannounced interest rate cut, leading the ruble to fall. Russian assets nose...
In a breaking development, Nigeria's President Bola Tinubu has taken decisive action by suspending Godwin Emefiele, the Governor of the Central Bank of Nigeria, effective immediately.The suspension wa...
A central bank is an organization within a country which is responsible for setting and using monetary policy in order to adjust the economic performance of the country. The central bank is supposed t...
Honeywell Group has come out to refute claims by the central bank saying its loans from the First Bank of Nigeria were unregulated. The company says its loan facilities from the bank are within regula...
A bill to amend the Central Bank of Nigeria Act scaled Second Reading at the House of Representatives on Thursday.On Thursday the House of Representatives went on the Second Reading for the amendment ...
The largest cryptocurrency exchange in the world, Binance, was fined 3.3 million euros ($3.4 million) by the Dutch central bank on Monday for operating illegally in the Netherlands. Following a w...