Industry experts and shareholders have welcomed the Central Bank of Nigeria’s (CBN) decision requiring bank directors with non-performing insider loans to resign. The measure aims to...
The Central Bank of Nigeria (CBN) recently held an Open Market Operation (OMO) auction on February 13, 2025, which saw substantial participation from investors. The auction...
As the Central Bank of Nigeria’s (CBN) recapitalisation directive approaches, four commercial banks—Access Bank, Zenith Bank, Fidelity Bank, and FCMB Group—have completed their rights offer, raising...
In January 2025, Nigeria witnessed a significant decline in its foreign exchange (FX) reserves, losing $1.16 billion within a month. According to the Central Bank of...
The Central Bank of Nigeria (CBN) has introduced new guidelines limiting Bureau de Change (BDC) operators to purchasing a maximum of $25,000 per week from a...