Fraud soars in Nigerian banks to highest level in five years
The number of fraud cases in Nigerian commercial banks rose in 2021 by nearly half to the highest level in five years.
By December that...
Nigerian workers declare strike as naira scarcity worsens
The Nigeria Labour Congress (NLC) has directed workers to remain at home from next Wednesday in protest of the biting cash scarcity that has...
CBN made critical mistakes that doomed naira redesign
Nigeria has successfully introduced new banknotes on about 10 occasions since independence in 1960. So why has the latest attempt been so controversial and traumatic? And...
Naira scarcity: No big relief for Nigerians after CBN meeting
The Central Bank of Nigeria signalled Tuesday its decision to take cash out of the economy will not change much just yet, insisting its...
Nigeria’s central bank raises interest rate on price pressure
The Central Bank of Nigeria raised its benchmark lending rate by 50 basis points to 18% on Tuesday, extending a tightening policy that began last...