CBN

Banks

CBN shuts Aso Savings, Union Homes as NDIC begins paying customers

Plu Team -
The Central Bank of Nigeria (CBN) has revoked the operating licences of Aso Savings...
Consumer

Finally, Nigerians can get refunds after bank fraud as CBN sets new rules

Eric Ojo -
Nigerians who lose money through their bank accounts to scammers may soon have a...
Business & Economy

CBN caps daily cash withdrawals via agent banking at ₦100,000

Eric Ojo -
The Central Bank of Nigeria (CBN) has issued fresh guidelines for agent banking operations...
Business & Economy

Central Bank of Nigeria cuts interest rate for the first time since 2020

Olawale Afolabi -
Nigeria’s central bank has lowered its benchmark lending rate for the first time in...
Business & Economy

What’s driving the naira’s rally – and will it last?

Plu Team -
The naira broke through a key psychological barrier on Monday, climbing below ₦1,500 to...
Corruption

TIMELINE: Otudeko cleared of N12.3bn fraud a week after massive share sale

Plu Team -
Nigeria’s anti-graft agency has withdrawn a high-profile ₦12.3 billion fraud case against Oba Otudeko,...
Banks

First Bank (First HoldCo) gets a new top buyer. Here’s who’s behind the deal

Plu Team -
A dramatic shift in the ownership structure of Nigeria’s oldest bank, First Bank, is...
Business & 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...
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