CBN

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Nigeria’s anti-graft agency has withdrawn a high-profile ₦12.3 billion fraud case against Oba Otudeko,...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