Nigerian billionaire and philanthropist Tony Elumelu is to step down as group chairman of United Bank for Africa (UBA) after reaching his regulatory limit. The...
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The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks across the country after they failed to meet key regulatory...
By Segun Ojumu ABUJA, Nigeria—President Bola Tinubu has nominated Lamido Yuguda, a former head of Nigeria’s Securities and Exchange Commission (SEC), to serve...
Lagos, Nigeria — Nigeria’s Central Bank (CBN) released over $1.25 billion to oil sector players in the first three months of 2025 to fund the importation of...
LAGOS, NIGERIA — The Nigerian naira has appreciated against the US dollar, trading below the ₦1,500/$ threshold for the first time in over six months. Data...
Abuja, Nigeria – Godwin Emefiele, the former Governor of the Central Bank of Nigeria (CBN), has petitioned the Court of Appeal in Abuja to overturn a judgment...
Abuja, Nigeria – Nigeria’s central bank has opted to keep its main interest rate unchanged at 27.5%, marking the second consecutive meeting the Monetary...
Nigeria’s Central Bank has scrapped the three free monthly withdrawals previously allowed for customers using other banks’ ATMs. Starting March 1...
Nigeria’s Central Bank has imposed fines totalling N1.35bn on nine Deposit Money Banks for failing to ensure cash availability through Automated Teller...
The Central Bank of Nigeria (CBN) has reiterated that the departure of 1,000 staff members in December 2024 was entirely voluntary. Governor Olayemi Cardoso...