CBN

Economy

Billions unaccounted for in Nigeria’s books as IMF flags data gaps

Plu Team -
Nigeria is struggling to account for billions of dollars in its official trade and...
Banks

Losses mount for Nigerian bank stocks after new CBN directive

Olawale Afolabi -
Nigerian bank stocks continued to fall on Tuesday as investors reacted to a new...
Banks

Nigerian banks fined 50 times more for customer issues, other violations

Plu Team -
Nigerian commercial banks faced a surge in regulatory penalties in 2024, suggesting intensified monitoring...
Banks

Zenith Bank fined N15.4bn over forex, money laundering violations

Ini Ekott -
Zenith Bank Group, owner of Zenith Bank, was hit with a N15.4 billion fine...
Banks

CBN slaps new fees on Nigerians to revive ATMs, curb POS money agents

Olawale Afolabi -
The Central Bank of Nigeria (CBN) has announced new Automated Teller Machine (ATM) transaction...
Economy

CBN surprises markets with another interest rate hike

Plu Team -
The Central Bank of Nigeria raised its benchmark lending rate by 50 basis points...
Economy

Nigeria’s central bank raises interest rate again

Olawale Afolabi -
Nigeria’s Central Bank has raised its benchmark interest rate by 50 basis points to...
Consumer

Explainer: What next for customers after Heritage Bank collapse?

Plu Team -
On Monday, the Central Bank of Nigeria (CBN) revoked the licence of Heritage Bank...
Banks

Heritage Bank fails as CBN revokes licence

Jane Kalu -
The Central Bank of Nigeria (CBN) has revoked the banking licence of Heritage Bank...
Economy

Understanding how CBN’s new record high interest rate affects you

Olawale Afolabi -
The Central Bank of Nigeria has raised its benchmark interest rate to a new...
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