The Federal Executive Council on Wednesday approved a Memorandum of Understanding for the renovation of the National Theatre, Iganmu Lagos worth N21.89bn. Minister of Information and...
There are indications that the Nigerian government has been warned by the United States’ Federal Bureau of Investigation (FBI), about the activities of fraudsters using cryptocurrency...
The Central Bank of Nigeria has ordered banks and other financial institutions to immediately close any account dealing in cryptocurrency or facilitating payments for the exchange....
The Central Bank of Nigeria says the nation’s foreign exchange reserves rose to $36.23 billion as of January 21, 2021 from the $34.94 billion in November...
Banks’ credit to economy hit N25tn in 2020 The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has asked the Federal Government to do...
Bank dismisses allegation as baseless First City Monument Bank has come under intense pressure to sack its Managing Director, Adam Nuhu, accused of twice impregnating his...
The Central Bank of Nigeria (CBN) has withdrawn the operating licences of seven payment service providers and one payment switching firm. The firms are Easifuel Limited,...
The Central Bank of Nigeria has withdrawn the operating licences of 42 microfinance banks (MfBs). Already, the affected banks have been shut down and Nigeria Deposit...
Nigerian banks will migrate to new cheque standards on January 1, 2021 as the old ones expire 31 December. The directive was given to all deposit...
The Central Bank of Nigeria has ordered banks to close all naira accounts of international money transfer operators. It gave the directive on Friday in a...