The Central Bank of Nigeria (CBN) has reaffirmed the stability and financial health of Keystone Bank Limited following a court ruling that mandated the forfeiture of...
Fidelity Bank has outlined its intention to raise additional capital via private placements to meet the revised capital requirements set by the Central Bank of Nigeria....
By Paul Onehi The Nigerian Naira experienced a decline in value on Monday, trading at N1,495.60 per US Dollar on the official market. According to data...
UBA, Zenith, Access, and other Nigerian banks have started reducing interest rates on foreign currency (FX) deposits due to an increase in dollar supply. This reduction...
Zenith Bank Plc has revealed that it raised N350.4bn from its combined rights issue and public offer, thus exceeding the N290bn it had sought to raise....
The Nigerian Exchange Limited (NGX) e-offering platform, NGX Invest, is making significant strides in capital-raising in Nigeria with the introduction of Stanbic IBTC Holdings Plc’s N148.7...
The World Bank Group has imposed a 30-month suspension on two Nigerian companies, Viva Atlantic Limited and Technology House Limited, as well as their Managing Director...
The Nigerian Communications Commission (NCC) has approved telcos’ decision to suspend USSD services for nine banks due to an accumulated debt of N160 billion since 2019....
The Central Bank of Nigeria (CBN) has launched two new digital initiatives: the Document Flow (DocFlow) System and the Ministries, Departments, and Agencies (MDAs) Naira Payment...
The Central Bank of Nigeria (CBN) has imposed a total fine of N1.35 billion on nine banks for failing to ensure cash was available through automated...