The financial landscape in Nigeria’s mortgage subsector witnessed a major shake-up on Tuesday as the Nigeria Deposit Insurance Corporation (NDIC) officially moved in to liquidate two prominent institutions: Aso Savings …
The Central Bank of Nigeria has confirmed that all legacy Bureau De Change operators that failed to meet the new licensing requirements by 30 November 2025 have automatically lost their …
The Central Bank of Nigeria (CBN) has said it plans to raise agricultural lending beyond the current level of less than five per cent of total bank credit, as the …
The Central Bank of Nigeria (CBN) has charged the newly inaugurated Board of the Agricultural Credit Guarantee Scheme Fund (ACGSF) to ensure that lack of collateral and remote location no …
Nigeria’s currency recorded a slight weakening at the official foreign exchange market on Monday, as the naira closed at N1,451.86 per US dollar, compared to N1,450.43 per dollar recorded at …
The Asset Management Corporation of Nigeria has revealed that it has repaid about N3.6tn to the Central Bank of Nigeria since it was created in 2010 to stabilise the financial …
The Central Bank of Nigeria has once again held the Monetary Policy Rate at 27 per cent, marking the fourth time this year that the rate has remained unchanged. The …
The naira recorded a stronger performance in the past week as it closed at N1,446.74 per dollar at the official market, showing a 0.69 per cent rise compared to the …
The naira recorded another week of negative trading performance as the currency weakened at both the official and parallel foreign exchange markets. At the official Nigerian Foreign Exchange Market, the …
The Association of Mobile Money and Bank Agents in Nigeria has marked its 10th anniversary alongside its ninth Annual National Conference in Gombe, with many stakeholders commending the critical role …